PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

Cheviot Value Management, LLC's Holding History (CIK: 0001427147)

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

Q4 2025

Shares 142,308 Value ($000) $9,381 Avg Close $41.86 Range $33.08 - $55.85

Q3 2025

Shares 179,917 Value ($000) $6,340 Avg Close $32.15 Range $26.77 - $39.60

Q2 2025

Shares 193,702 Value ($000) $6,189 Avg Close $25.88 Range $20.55 - $29.66

Q1 2025

Shares 198,624 Value ($000) $4,749 Avg Close $23.93 Range $20.35 - $27.47

Q4 2024

Shares 194,382 Value ($000) $3,930 Avg Close $22.37 Range $19.80 - $26.05

Q3 2024

Shares 192,430 Value ($000) $4,016 Avg Close $21.08 Range $17.86 - $24.27

Q2 2024

Shares 203,511 Value ($000) $4,046 Avg Close $19.70 Range $15.10 - $22.75

Q1 2024

Shares 199,816 Value ($000) $3,013 Avg Close $13.80 Range $12.16 - $16.44

Q4 2023

Shares 200,882 Value ($000) $3,336 Avg Close $14.97 Range $13.13 - $17.20

Q3 2023

Shares 267,086 Value ($000) $3,867 Avg Close $15.65 Range $13.98 - $17.16

Q2 2023

Shares 269,127 Value ($000) $3,924 Avg Close $16.52 Range $13.90 - $19.85

Q1 2023

Shares 279,817 Value ($000) $5,093 Avg Close $17.19 Range $14.41 - $19.22

Q4 2022

Shares 283,427 Value ($000) $4,689 Avg Close $16.00 Range $13.40 - $17.69

Q3 2022

Shares 307,244 Value ($000) $4,879 Avg Close $17.42 Range $14.40 - $21.52

Q2 2022

Shares 305,965 Value ($000) $6,018 Avg Close $23.97 Range $19.59 - $30.56

Q1 2022

Shares 301,784 Value ($000) $8,239 Avg Close $24.62 Range $20.74 - $29.15

Q4 2021

Shares 303,924 Value ($000) $7,589 Avg Close $25.19 Range $21.39 - $28.36

Q3 2021

Shares 309,919 Value ($000) $7,212 Avg Close $26.12 Range $22.92 - $29.32

Q2 2021

Shares 293,254 Value ($000) $8,378 Avg Close $32.22 Range $27.55 - $36.14

Q1 2021

Shares 294,764 Value ($000) $8,852 Avg Close $32.49 Range $27.95 - $39.62

Q4 2020

Shares 276,370 Value ($000) $9,538 Avg Close $32.28 Range $28.33 - $37.28

Q3 2020

Shares 266,107 Value ($000) $8,555 Avg Close $34.37 Range $28.81 - $40.11

Q2 2020

Shares 263,791 Value ($000) $8,017 Avg Close $23.72 Range $14.02 - $30.59

Q1 2020

Shares 261,889 Value ($000) $3,753 Avg Close $20.77 Range $10.61 - $26.20

Q4 2019

Shares 260,733 Value ($000) $6,177 Avg Close $18.52 Range $15.44 - $24.02

Q3 2019

Shares 257,929 Value ($000) $4,044 Avg Close $16.18 Range $12.39 - $19.48

Q2 2019

Shares 252,517 Value ($000) $3,260 Avg Close $12.06 Range $10.26 - $13.69

Q1 2019

Shares 251,332 Value ($000) $3,330 Avg Close $14.00 Range $12.43 - $15.53

Q4 2018

Shares 259,610 Value ($000) $3,790 Avg Close $14.30 Range $12.12 - $15.75

Q3 2018

Shares 240,104 Value ($000) $3,544 Avg Close $15.96 Range $13.97 - $18.40

Q2 2018

Shares 245,691 Value ($000) $4,398 Avg Close $17.24 Range $15.65 - $18.75

Q1 2018

Shares 253,676 Value ($000) $4,097 Avg Close $15.92 Range $14.69 - $17.66

Q4 2017

Shares 247,001 Value ($000) $3,847 Avg Close $15.85 Range $13.99 - $18.00

Q3 2017

Shares 246,523 Value ($000) $4,203 Avg Close $17.24 Range $15.08 - $19.56

Q2 2017

Shares 239,898 Value ($000) $4,035 Avg Close $17.28 Range $15.64 - $19.43

Q1 2017

Shares 237,998 Value ($000) $4,170 Avg Close $18.18 Range $15.14 - $21.29

Q4 2016

Shares 239,293 Value ($000) $3,606 Avg Close $16.12 Range $13.80 - $18.37

Q3 2016

Shares 249,158 Value ($000) $4,390 Avg Close $18.70 Range $16.71 - $21.59

Q2 2016

Shares 257,958 Value ($000) $4,243 Avg Close $14.31 Range $10.38 - $16.49

Q1 2016

Shares 262,498 Value ($000) $2,853 Avg Close $8.57 Range $5.38 - $11.30

Q4 2015

Shares 263,668 Value ($000) $1,714 Avg Close $7.20 Range $6.10 - $8.80

Q3 2015

Shares 420,558 Value ($000) $2,671 Avg Close $6.83 Range $5.85 - $8.59

Q2 2015

Shares 438,673 Value ($000) $3,768 Avg Close $9.42 Range $8.51 - $10.44

Q1 2015

Shares 445,268 Value ($000) $3,905 Avg Close $10.27 Range $8.49 - $12.05

Q4 2014

Shares 459,103 Value ($000) $4,224 Avg Close $9.97 Range $8.69 - $11.32

Q3 2014

Shares 476,218 Value ($000) $5,229 Avg Close $14.07 Range $10.86 - $15.97

Q2 2014

Shares 489,263 Value ($000) $7,510 Avg Close $13.25 Range $12.02 - $15.50

Q1 2014

Shares 492,380 Value ($000) $6,337 Avg Close $13.39 Range $11.45 - $15.63

Q4 2013

Shares 512,057 Value ($000) $5,991 Avg Close $10.66 Range $9.78 - $11.83

Q3 2013

Shares 533,867 Value ($000) $5,632 Avg Close $12.17 Range $10.50 - $14.24

Q2 2013

Shares 539,937 Value ($000) $6,285 Avg Close $12.75 Range $10.23 - $16.36

Q1 2013

Shares 1,132,274 Value ($000) $18,547 Avg Close $17.30 Range $15.13 - $19.40

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	142,308	$9,381	$41.86	$33.08 - $55.85
Q3 2025	179,917	$6,340	$32.15	$26.77 - $39.60
Q2 2025	193,702	$6,189	$25.88	$20.55 - $29.66
Q1 2025	198,624	$4,749	$23.93	$20.35 - $27.47
Q4 2024	194,382	$3,930	$22.37	$19.80 - $26.05
Q3 2024	192,430	$4,016	$21.08	$17.86 - $24.27
Q2 2024	203,511	$4,046	$19.70	$15.10 - $22.75
Q1 2024	199,816	$3,013	$13.80	$12.16 - $16.44
Q4 2023	200,882	$3,336	$14.97	$13.13 - $17.20
Q3 2023	267,086	$3,867	$15.65	$13.98 - $17.16
Q2 2023	269,127	$3,924	$16.52	$13.90 - $19.85
Q1 2023	279,817	$5,093	$17.19	$14.41 - $19.22
Q4 2022	283,427	$4,689	$16.00	$13.40 - $17.69
Q3 2022	307,244	$4,879	$17.42	$14.40 - $21.52
Q2 2022	305,965	$6,018	$23.97	$19.59 - $30.56
Q1 2022	301,784	$8,239	$24.62	$20.74 - $29.15
Q4 2021	303,924	$7,589	$25.19	$21.39 - $28.36
Q3 2021	309,919	$7,212	$26.12	$22.92 - $29.32
Q2 2021	293,254	$8,378	$32.22	$27.55 - $36.14
Q1 2021	294,764	$8,852	$32.49	$27.95 - $39.62
Q4 2020	276,370	$9,538	$32.28	$28.33 - $37.28
Q3 2020	266,107	$8,555	$34.37	$28.81 - $40.11
Q2 2020	263,791	$8,017	$23.72	$14.02 - $30.59
Q1 2020	261,889	$3,753	$20.77	$10.61 - $26.20
Q4 2019	260,733	$6,177	$18.52	$15.44 - $24.02
Q3 2019	257,929	$4,044	$16.18	$12.39 - $19.48
Q2 2019	252,517	$3,260	$12.06	$10.26 - $13.69
Q1 2019	251,332	$3,330	$14.00	$12.43 - $15.53
Q4 2018	259,610	$3,790	$14.30	$12.12 - $15.75
Q3 2018	240,104	$3,544	$15.96	$13.97 - $18.40
Q2 2018	245,691	$4,398	$17.24	$15.65 - $18.75
Q1 2018	253,676	$4,097	$15.92	$14.69 - $17.66
Q4 2017	247,001	$3,847	$15.85	$13.99 - $18.00
Q3 2017	246,523	$4,203	$17.24	$15.08 - $19.56
Q2 2017	239,898	$4,035	$17.28	$15.64 - $19.43
Q1 2017	237,998	$4,170	$18.18	$15.14 - $21.29
Q4 2016	239,293	$3,606	$16.12	$13.80 - $18.37
Q3 2016	249,158	$4,390	$18.70	$16.71 - $21.59
Q2 2016	257,958	$4,243	$14.31	$10.38 - $16.49
Q1 2016	262,498	$2,853	$8.57	$5.38 - $11.30
Q4 2015	263,668	$1,714	$7.20	$6.10 - $8.80
Q3 2015	420,558	$2,671	$6.83	$5.85 - $8.59
Q2 2015	438,673	$3,768	$9.42	$8.51 - $10.44
Q1 2015	445,268	$3,905	$10.27	$8.49 - $12.05
Q4 2014	459,103	$4,224	$9.97	$8.69 - $11.32
Q3 2014	476,218	$5,229	$14.07	$10.86 - $15.97
Q2 2014	489,263	$7,510	$13.25	$12.02 - $15.50
Q1 2014	492,380	$6,337	$13.39	$11.45 - $15.63
Q4 2013	512,057	$5,991	$10.66	$9.78 - $11.83
Q3 2013	533,867	$5,632	$12.17	$10.50 - $14.24
Q2 2013	539,937	$6,285	$12.75	$10.23 - $16.36
Q1 2013	1,132,274	$18,547	$17.30	$15.13 - $19.40