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Investor Presentaiton

17 115 Mil Large silver reserves (1) As of June 30, 2022, PAAS' proven and probable mineral reserves 514.9M ozs plus measured and indicated mineral resources of 933.0M ozs As of Dec. 31, 2022, Yamana acquired assets had 112.0M ozs of proven and probable mineral reserves plus 51.7M ozs of measured and indicated mineral resource Escobal mine has potential to add ~20M ozs of silver production following restart of operations The mine is currently on care and maintenance pending completion of an ILO 169 Consultation by the government of Guatemala THE WORLD'S PREMIER SILVER MINING COMPANY The "go-to" name for investing in silver Preferred investment for silver mining investors Transaction created the world's premier silver mining company with average daily trading liquidity of $97.1M (2) and a market capitalization of over $6.2B(3) 1. 23 2. 3. Pan American Estimated mineral reserves and resources reported as of June 30, 2022. Yamana mineral reserves and resources reported as of December 31, 2022, reported by Yamana Gold Inc. See presentation Appendix for more detailed information on the Company's reserves and resources and Yamana's website and Yamana's SEDAR profile for further information on Yamana's mineral reserves and resources. Based on FactSet 30-day average trading volume as of May 5, 2023 Based on the post-transaction shares outstanding of 364.4 million multiplied by the May 12, 2023 closing price of the Pan American Shares of $16.45. PAN AMERICAN SILVER
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