• Pan American Silver acquired 6,250,000 Galleon Gold common shares at CAD 1.12 each through a non-brokered private placement.
• The purchase increased its holdings to 26,074,766 common shares, representing a 15.6% stake on a non-diluted basis.
• Converting its debenture and exercising warrants would increase ownership to 53,227,543 shares, representing 27.3% partially diluted or 19.6% fully diluted.
• The CAD 8 million convertible debenture, issued August 13, 2025, carries a CAD 0.45 conversion price and 10% annual interest.
• Its 9,375,000 common share purchase warrants have an exercise price of CAD 0.75 per share through December 4, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pan American Silver Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20261103875325) on November 04, 2026, and is solely responsible for the information contained therein.