Asset Information

• The 4,823 hectare project is in near-term mine development stage and preliminary engineering and metallurgical testing are expected to support a low-cost, heap leach operation, with low capital investment required
• Pan American Silver is currently not advancing Pico Machay, but is considering strategic alternatives as they do not hold the project as a core asset

For more information on Pico Machay, please visit www.panamericansilver.com

Source: Pan American Silver public disclosure.