Further Growth Opportunities

Silver content, Moz Top silver development projects globally 800 600 400 200 Development projects - Ranked by Silver Grade 0 0 Mangazeiskiy (SBR) Juanicipio (FRES; MAG) Prognoz (POLY) Silvertip (CDE) Los Gatos (DOWA) Webbs (Silver Mines) Terronera (EXK) Fuwan (MSV) Navidad (PAAS) La Preciosa Corani (CDE) (BCM) Source: Company reports, BMO Capital Markets ▲ POLYMETAL INTERNATIONAL PLC ■ P+P ■M+I Inf. ●Ag grade, g/t 1000 800 600 400 200 | 31 Silver grade, g/t

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