Investor Presentaiton

CLIMATE CHANGE POLICY (1) // Climate Change Strategy • • • Integrating GHG emission reduction strategies into our operational risk and opportunities assessments and strategic planning Adapting our operating and non-operating mines to align with global efforts to reduce GHG emissions and mitigate or prepare for the potential physical risks of climate change Informing stakeholders in a timely and transparent manner regarding our GHG emission reduction strategies and results as well as the potential transitional impacts to our long-term business plans 457 thousand tonnes CO,Eq 1. Representative of Pan American prior to Yamana transaction and subject to re-evaluation post the acquisition of Yamana's LatAm assets. GOAL 30% reduction in GHG emissions by 2030 and an aspirational objective of net zero by 2050 20%-25% 5%-10% 5%-10% 30% Reduction in GHG Emissions by 2030 2019 Tonnes CO₂Eq Increased Emissions for Continuing Operations Portfolio Optimization Renewable Energy Electrification 2030 Tonnes & Energy Efficiency CO₂Eq Projects 27 27 PAN AMERICAN SILVER

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