PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

Merk Investments LLC's Holding History (CIK: 0001302842)

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

Q2 2020

Shares 393,200 Value ($000) $270 Avg Close $23.72 Range $14.02 - $30.59

Q1 2020

Shares 393,200 Value ($000) $134 Avg Close $20.77 Range $10.61 - $26.20

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2020	393,200	$270	$23.72	$14.02 - $30.59
Q1 2020	393,200	$134	$20.77	$10.61 - $26.20