Investor Presentaiton
PAN AMERICAN SILVER INFERRED MINERAL RESOURCES
as of June 30, 2022 (1,2)
PROPERTY
LOCATION
CLASSIFICATION
TONNES (MT)
AG (G/T)
CONTAINED AG (MOZ) AU (G/T) CONTAINED AU (KOZ)
CU (%)
PB (%) ZN (%)
Silver Segment
Huaron
Peru
Inferred
7.2
155
36.1
0.26
1.47
2.73
Morococha (92.3%) (3)
Peru
Inferred
5.2
143
24.0
0.35
1.28
3.74
La Colorada
Mexico
Inferred
14.9
195
93.9
0.20
98.4
1.05
1.89
La Colorada Skarn (4)
Manantial Espejo
Mexico
Inferred
147.8
28
132.9
1.04
2.29
Argentina
Inferred
0.5
180
3.1
1.71
29.4
San Vicente (95%) (3)
Bolivia
Inferred
2.9
249
23.3
0.21
0.29
2.65
Navidad
Argentina
Inferred
45.9
81
119.4
0.02
0.57
Joaquin
Argentina
Inferred
0.2
282
1.6
0.23
1.3
Escobal
Guatemala
Inferred
1.9
180
10.7
0.90
53.7
0.22
0.42
Total Silver Segment (5)
226.6
61
445.1
0.32
182.7
0.09
0.95
2.31
Gold Segment
Dolores
Mexico
Inferred
2.5
29
2.4
0.92
74.4
La Bolsa
Mexico
Inferred
13.7
8
3.3
0.51
224.6
Pico Machay
Peru
Inferred
23.9
0.58
445.7
La Arena
Peru
Inferred
6.0
0.22
42.3
Shahuindo (6)
Peru
Inferred
14.6
8
3.7
0.41
194.5
Timmins
Canada
Inferred
4.4
3.11
436.5
La Arena II
Canada
Inferred
54.7
0.23
413.2
0.29
Whitney (82.84%)
Canada
Inferred
0.8
5.34
141.4
Gold River
Canada
Inferred
5.3
6.06
1027.4
Vogel
Canada
Inferred
1.5
3.60
168.8
Total Gold Segment (5)
127.4
10
9.5
0.77
3,168.9
0.29
Total Gold and Silver Segments (5)
Inferred
354.0
55
454.5
0.72
3,351.6
0.18
0.95
2.31
(1) See table below entitled "Metal price assumptions used to estimate mineral reserves and resources as at June 30, 2022".
(2) Mineral resource estimates were prepared under the supervision of, or were reviewed by, Christopher Emerson, FAusIMM, Vice President Business Development and Geology and Martin G. Wafforn, P.Eng., Senior Vice
President Technical Services and Process Optimization, each of whom are Qualified Persons as that term is defined in NI 43-101.
(3) This information represents the portion of mineral resources attributable to Pan American based on its ownership interest in the operating entity as indicated.
(4) Effective date for the La Colorada Skarn mineral resource estimate is September 13, 2022.
(5) Totals may not add up due to rounding. Total average grades of each element are with respect to those mines that produce the element.
(6) Effective date for the Shahuindo mineral resource estimate is November 30, 2022.
PAN AMERICAN
SILVER
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