PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

Alternative Investment Advisors, LLC.'s Holding History (CIK: 0002009486)

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

Q4 2025

Shares 1,200 Value ($000) $62 Avg Close $41.86 Range $33.08 - $55.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,200	$62	$41.86	$33.08 - $55.85