PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

Waratah Capital Advisors Ltd.'s Holding History (CIK: 0001539919)

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

Q4 2025

Shares 154,335 Value ($000) $7,996 Avg Close $41.86 Range $33.08 - $55.85

Q3 2025

Shares 1,340,842 Value ($000) $51,931 Avg Close $32.15 Range $26.77 - $39.60

Q2 2025

Shares 628,023 Value ($000) $17,836 Avg Close $25.88 Range $20.55 - $29.66

Q1 2025

Shares 8,994 Value ($000) $232 Avg Close $23.93 Range $20.35 - $27.47

Q4 2019

Shares 17,533 Value ($000) $415 Avg Close $18.52 Range $15.44 - $24.02

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	154,335	$7,996	$41.86	$33.08 - $55.85
Q3 2025	1,340,842	$51,931	$32.15	$26.77 - $39.60
Q2 2025	628,023	$17,836	$25.88	$20.55 - $29.66
Q1 2025	8,994	$232	$23.93	$20.35 - $27.47
Q4 2019	17,533	$415	$18.52	$15.44 - $24.02