Investor Presentaiton

ACQUISITION CREATES CLEAR PATH TO UNLOCK VALUE // Targeting $40 - $60 million in annual post-tax synergies GAGIAUS ГЭТИЗОЗЗА О 6 Established presence and expertise in Latin America will enable Pan American to leverage operational efficiencies and the growth potential of the acquired Yamana assets in the region Synergies driven by streamlining corporate costs, cross-pollination of mining best practices and unification of regional mining hubs Transaction was accretive on a per share basis with respect to key financial and operating metrics, even before considering synergies PAN AMERICAN SILVER

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