PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

True North Advisors, LLC's Holding History (CIK: 0001634556)

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

Q4 2025

Shares 15,980 Value ($000) $828 Avg Close $41.86 Range $33.08 - $55.85

Q3 2025

Shares 15,980 Value ($000) $619 Avg Close $32.15 Range $26.77 - $39.60

Q2 2025

Shares 15,980 Value ($000) $454 Avg Close $25.88 Range $20.55 - $29.66

Q1 2025

Shares 15,980 Value ($000) $413 Avg Close $23.93 Range $20.35 - $27.47

Q4 2024

Shares 15,980 Value ($000) $323 Avg Close $22.37 Range $19.80 - $26.05

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,980	$828	$41.86	$33.08 - $55.85
Q3 2025	15,980	$619	$32.15	$26.77 - $39.60
Q2 2025	15,980	$454	$25.88	$20.55 - $29.66
Q1 2025	15,980	$413	$23.93	$20.35 - $27.47
Q4 2024	15,980	$323	$22.37	$19.80 - $26.05