PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

River Road Asset Management, LLC's Holding History (CIK: 0001341401)

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

Q1 2016
Shares 1,466,259 Value ($000) $15,938 Avg Close $8.57 Range $5.38 - $11.30
Q4 2015
Shares 1,827,052 Value ($000) $11,876 Avg Close $7.20 Range $6.10 - $8.80
Q3 2015
Shares 1,878,703 Value ($000) $11,930 Avg Close $6.83 Range $5.85 - $8.59
Q2 2015
Shares 1,896,533 Value ($000) $16,291 Avg Close $9.42 Range $8.51 - $10.44
Q1 2015
Shares 2,031,009 Value ($000) $17,812 Avg Close $10.27 Range $8.49 - $12.05
Q4 2014
Shares 2,323,835 Value ($000) $21,379 Avg Close $9.97 Range $8.69 - $11.32
Q3 2014
Shares 2,412,329 Value ($000) $26,487 Avg Close $14.07 Range $10.86 - $15.97
Q2 2014
Shares 2,234,411 Value ($000) $34,298 Avg Close $13.25 Range $12.02 - $15.50
Q1 2014
Shares 2,318,282 Value ($000) $29,836 Avg Close $13.39 Range $11.45 - $15.63
Q4 2013
Shares 3,193,674 Value ($000) $37,366 Avg Close $10.66 Range $9.78 - $11.83
Q3 2013
Shares 2,351,397 Value ($000) $24,807 Avg Close $12.17 Range $10.50 - $14.24
Q2 2013
Shares 3,280,194 Value ($000) $38,181 Avg Close $12.75 Range $10.23 - $16.36