PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

Triasima Portfolio Management inc.'s Holding History (CIK: 0001938757)

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

Q4 2025

Shares 252,950 Value ($000) $13,131 Avg Close $41.86 Range $33.08 - $55.85

Q3 2025

Shares 242,005 Value ($000) $9,380 Avg Close $32.15 Range $26.77 - $39.60

Q2 2025

Shares 211,010 Value ($000) $5,975 Avg Close $25.88 Range $20.55 - $29.66

Q1 2025

Shares 163,510 Value ($000) $4,223 Avg Close $23.93 Range $20.35 - $27.47

Q4 2024

Shares 143,975 Value ($000) $2,911 Avg Close $22.37 Range $19.80 - $26.05

Q1 2021

Shares 62,500 Value ($000) $2 Avg Close $32.49 Range $27.95 - $39.62

Q4 2020

Shares 509,710 Value ($000) $18 Avg Close $32.28 Range $28.33 - $37.28

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	252,950	$13,131	$41.86	$33.08 - $55.85
Q3 2025	242,005	$9,380	$32.15	$26.77 - $39.60
Q2 2025	211,010	$5,975	$25.88	$20.55 - $29.66
Q1 2025	163,510	$4,223	$23.93	$20.35 - $27.47
Q4 2024	143,975	$2,911	$22.37	$19.80 - $26.05
Q1 2021	62,500	$2	$32.49	$27.95 - $39.62
Q4 2020	509,710	$18	$32.28	$28.33 - $37.28