Pan American Silver Releases 2025 Sustainability Report

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today released its 2025 Sustainability Report (the "Report"), highlighting the Company's approach and performance in key environmental, social and governance ("ESG") areas. Spanish and Portuguese versions of the Report will be available shortly.

Highlights of Pan American's 2025 ESG performance include:

• Surpassed the annual greenhouse gas emissions ("GHG") reduction target, which keeps the Company on track to reduce its global Scope 1 and 2 GHG emissions by at least 30% by 2030⁽¹⁾.
• Increased the International Renewable Energy Certificates (iRECs) coverage to six mine sites, adding El Peñon, Jacobina and Shahuindo in 2025.
• Rehabilitated 62 hectares of land on- and off-site across our operations, exceeding the Company’s annual biodiversity goal.
• Invested US$20.4 million in community programs, including three new local economic development initiatives, while also continuing to focus on health and education programs.
• Achieved 95% retention of women employees, while continuing to implement initiatives to support workforce inclusion and diversity.
• Assessed 529 critical suppliers⁽²⁾ through our enhanced due diligence process.
• Completed external verification of Towards Sustainable Mining (TSM) performance at El Peñon, Jacobina and Timmins.
• Concluded a three-year implementation process of the World Gold Council’s Responsible Gold Mining Principles⁽³⁾ (RGMP) at our gold mining operations.

The Report outlines Pan American’s 2026 sustainability goals and has been prepared in accordance with the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Metals & Mining Sustainability Accounting Standard. The Report also includes information aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) framework.

This Report marks the 16^th annual Sustainability Report published by Pan American, underscoring the Company's long-standing commitment to transparent sustainability disclosure. For more information on Pan American’s sustainability efforts and to access all reports, visit https://www.panamericansilver.com/sustainability/

Pan American is a constituent of the Dow Jones Best in Class (DJ BIC) North America Index.

Pan American’s sustainability performance in 2025 was recognized by S&P Global, including the Company in the DJ BIC North America Index. The DJ BIC are float-adjusted market capitalization weighted indices that track equity markets while applying a sustainability best-in-class selection process. Pan American’s inclusion in this index reflects the Company's continuous improvement in sustainability performance and its commitment to responsible mining.

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