PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

INTREPID CAPITAL MANAGEMENT INC's Holding History (CIK: 0001092838)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015

Shares 36,700 Value ($000) $233 Avg Close $6.83 Range $5.85 - $8.59

Q2 2015

Shares 891,955 Value ($000) $7,662 Avg Close $9.42 Range $8.51 - $10.44

Q1 2015

Shares 891,955 Value ($000) $7,822 Avg Close $10.27 Range $8.49 - $12.05

Q4 2014

Shares 373,635 Value ($000) $3,437 Avg Close $9.97 Range $8.69 - $11.32

Q3 2014

Shares 428,955 Value ($000) $4,710 Avg Close $14.07 Range $10.86 - $15.97

Q2 2014

Shares 405,885 Value ($000) $6,230 Avg Close $13.25 Range $12.02 - $15.50

Q1 2014

Shares 358,955 Value ($000) $4,620 Avg Close $13.39 Range $11.45 - $15.63

Q4 2013

Shares 358,930 Value ($000) $4,199 Avg Close $10.66 Range $9.78 - $11.83

Q3 2013

Shares 44,750 Value ($000) $473 Avg Close $12.17 Range $10.50 - $14.24

Q2 2013

Shares 1,659,940 Value ($000) $19,322 Avg Close $12.75 Range $10.23 - $16.36

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	36,700	$233	$6.83	$5.85 - $8.59
Q2 2015	891,955	$7,662	$9.42	$8.51 - $10.44
Q1 2015	891,955	$7,822	$10.27	$8.49 - $12.05
Q4 2014	373,635	$3,437	$9.97	$8.69 - $11.32
Q3 2014	428,955	$4,710	$14.07	$10.86 - $15.97
Q2 2014	405,885	$6,230	$13.25	$12.02 - $15.50
Q1 2014	358,955	$4,620	$13.39	$11.45 - $15.63
Q4 2013	358,930	$4,199	$10.66	$9.78 - $11.83
Q3 2013	44,750	$473	$12.17	$10.50 - $14.24
Q2 2013	1,659,940	$19,322	$12.75	$10.23 - $16.36