Investor Presentaiton

ESCOBAL CONSULTATION PHASE UNDERWAY // Escobal mining license suspended pending completion of an ILO 169 Consultation in Guatemala For more information, please visit https://mem.gob.gt/derecho- minero-escobal/ PRE-PHASE 1 REVIEW PAS Guatemala shall work with 2011 Environmental Impact Study (EIS) consultant and experts at two Guatemalan Universities to review, define, and recommend area of influence (AOI) to Ministry of Environment and Natural Resources PHASE 1 PRE-CONSULTATION Ministry of Energy and Mines (MEM) leads the process Define and agree to the terms, timeline and mechanisms under which the consultation (Phase 2) will take place PHASE 2 CONSULTATION MEM leads the process Formal dialogue process to achieve agreements amongst the main participants in the process: Xinka indigenous communities, MEM and PAS Guatemala (Pan American's subsidiary in Guatemala) PHASE 3 SUPREME COURT VERIFICATION MEM to submit results of the consultation process to the Guatemalan Supreme Court (SC) SC certifies with all three parties that the ILO 169 consultation process as outlined in the Constitutional Court's resolution has been followed MARN (Environmental Ministry) completed the area of influence analysis and submitted to the MEM in November 2018. On February 5, 2020, the Supreme Court ruled that the MARN process for the determination of the AOI was completed properly. Pre-consultation completed in July 2022. Underway. Awaiting completion of Phase 2. 16

View entire presentation