Pan American Silver Corp. reported its estimated mineral reserves and resources as of June 30, 2021. Proven and probable mineral reserves are estimated to contain approximately 529 million ounces of silver and 4.2 million ounces of gold. Measured and indicated mineral resources (excluding proven and probable reserves) are estimated to total approximately 818 million ounces of silver and 8.3 million ounces of gold. In addition, inferred mineral resources total 460 million ounces of silver and 5.8 million ounces of gold. Although the Timmins' exploration program and surface drilling for the La Colorada skarn exploration continued as planned, Pan American's overall exploration activities for the year were reduced by about 50% due to COVID-19 restrictions in Latin America. For the 12-month period ending June 30, 2021, Pan American's producing mines replaced 8.0 million ounces of silver mineral reserves and 98 thousand ounces of gold mineral reserves. Total reserves were impacted by the reclassification of the La Bolsa project from mineral reserves to resources, reducing gold mineral reserves by 315 thousand ounces and silver mineral reserves by 4.5 million ounces. La Bolsa is a non-core project that the company intends to divest. Reserve and resource highlights include: At La Arena, the company successfully replaced all of the production and increased the year-on-year mineral reserves by an estimated 60 thousand ounces of gold. This is the second consecutive year of reserve gains, and extends the mine life at La Arena by more than one year. At Timmins, over 200 thousand ounces of gold were added to mineral reserves, extending the mine life by more than one year. The Bell Creek mine added 68 thousand gold ounces from exploration and infill drilling. The Timmins West mine added 137 thousand gold ounces through extensional and infill drilling on the 144 Gap and Timmins deposits. At Morococha, 2.9 million ounces of silver were added to mineral reserves through definition of the Angela East Manto zone in the northeast portion of the mine. The new reserves are in a zone amenable to bulk mining methods. At Huaron, 3.9 million ounces of silver were added to mineral reserves, replacing 110% of mine production. At La Colorada, 2.9 million ounces of silver were added to mineral reserves through exploration drilling, despite the severe limitations on underground access due to ventilation issues and COVID-19 restrictions. The Company improved ventilation in the mine in July 2021, and is now planning to increase underground exploration drilling for the second half of the year. At the La Colorada skarn project, the approximately 39,000 metres of infill drilling that was completed during the year, continued to return wide intercepts of mineralization. The company will include an updated resource estimate for the skarn together with a Preliminary Economic Assessment it is aiming to disclose by the end of 2021. At Shahuindo, contained gold production of 193 thousand ounces and a reclassification of 146 thousand ounces of gold mineral reserves to resources contributed to a total depletion of 339 thousand ounces of gold, based on geological interpretation, cost estimates, and cut off grades. At the La Bolsa project, its 315 thousand ounces of gold mineral reserves and 4.5 million ounces of silver mineral reserves have been reclassified to measured and indicated mineral resources, as it remains inactive. La Bolsa is a non-core asset that the company intends to divest. The sale of the non-core Fenn Gib project in December 2020 further reduced gold measured, indicated and inferred resources.