PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

Richard C. Young & CO., LTD.'s Holding History (CIK: 0001387304)

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

Q1 2016

Shares 247,060 Value ($000) $2,686 Avg Close $8.57 Range $5.38 - $11.30

Q4 2015

Shares 100,165 Value ($000) $651 Avg Close $7.20 Range $6.10 - $8.80

Q3 2015

Shares 257,800 Value ($000) $1,637 Avg Close $6.83 Range $5.85 - $8.59

Q2 2015

Shares 259,302 Value ($000) $2,227 Avg Close $9.42 Range $8.51 - $10.44

Q1 2015

Shares 262,006 Value ($000) $2,298 Avg Close $10.27 Range $8.49 - $12.05

Q4 2014

Shares 117,934 Value ($000) $1,085 Avg Close $9.97 Range $8.69 - $11.32

Q3 2014

Shares 96,039 Value ($000) $1,055 Avg Close $14.07 Range $10.86 - $15.97

Q2 2014

Shares 257,520 Value ($000) $3,953 Avg Close $13.25 Range $12.02 - $15.50

Q1 2014

Shares 123,121 Value ($000) $1,585 Avg Close $13.39 Range $11.45 - $15.63

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	247,060	$2,686	$8.57	$5.38 - $11.30
Q4 2015	100,165	$651	$7.20	$6.10 - $8.80
Q3 2015	257,800	$1,637	$6.83	$5.85 - $8.59
Q2 2015	259,302	$2,227	$9.42	$8.51 - $10.44
Q1 2015	262,006	$2,298	$10.27	$8.49 - $12.05
Q4 2014	117,934	$1,085	$9.97	$8.69 - $11.32
Q3 2014	96,039	$1,055	$14.07	$10.86 - $15.97
Q2 2014	257,520	$3,953	$13.25	$12.02 - $15.50
Q1 2014	123,121	$1,585	$13.39	$11.45 - $15.63