Pan American Silver (PAAS) Earnings Call Presentation

M A Y 2 0 2 5 Non-GAAP Measures This presentation of Pan American Silver Corp. and its subsidiaries (collectively, "Pan American", "Pan American Silver", the "Company", "we" or "our") refers to various non- GAAP measures, such as "AISC", "free cash flow", "total availability liquidity", and "capital". These measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Pan American's silver segment AISC are calcu ...