PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

MUHLENKAMP & CO INC's Holding History (CIK: 0001133219)

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

Q3 2015

Shares 10,360 Value ($000) $66 Avg Close $6.83 Range $5.85 - $8.59

Q2 2015

Shares 10,360 Value ($000) $89 Avg Close $9.42 Range $8.51 - $10.44

Q1 2015

Shares 20,710 Value ($000) $182 Avg Close $10.27 Range $8.49 - $12.05

Q4 2014

Shares 20,710 Value ($000) $191 Avg Close $9.97 Range $8.69 - $11.32

Q3 2014

Shares 20,210 Value ($000) $222 Avg Close $14.07 Range $10.86 - $15.97

Q1 2014

Shares 20,210 Value ($000) $260 Avg Close $13.39 Range $11.45 - $15.63

Q4 2013

Shares 20,210 Value ($000) $236 Avg Close $10.66 Range $9.78 - $11.83

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	10,360	$66	$6.83	$5.85 - $8.59
Q2 2015	10,360	$89	$9.42	$8.51 - $10.44
Q1 2015	20,710	$182	$10.27	$8.49 - $12.05
Q4 2014	20,710	$191	$9.97	$8.69 - $11.32
Q3 2014	20,210	$222	$14.07	$10.86 - $15.97
Q1 2014	20,210	$260	$13.39	$11.45 - $15.63
Q4 2013	20,210	$236	$10.66	$9.78 - $11.83