P AN AMERIC AN SIL VER 10 5 O ur Appr o ach P an Americ an Silv er is c ommitt ed t o high s t andar ds o f c orpor at e g o v ernanc e ethic s and tr ansp ar enc y in the c onduct o f busine s s O ur Glob al C ode o f E thic al C onduct and r elat ed policie s and guideline s c ombine t o pr o vide the fundament al t enet s o f ethic al busine s s pr actic e s s et c orpor at e e xpect ations and guide us t o c onsis t ently oper at e r e sponsibly and in c omplianc e with applic able la w s rule s and r egulations W e appr o ach t ax matt er s b y adhering t o loc al la w s and r egulations and de al with loc al t ax authoritie s in a c ooper ativ e and open manner P olic y Glob al C ode o f E thic al C onduct the C ode Glob al AntiC orruption P olic y the P olic y Gift s and Ho spit alit y Guideline s the Guideline s Supplier C ode o f C onduct Supplier C ode P r ogr ams and initiativ e s C ommunic ation All ne w emplo y ee s r ec eiv e the C ode and P olic y upon c ommenc ement o f emplo yment The C ode is po s t ed in k e y loc ations at our ofc e s and sit e s W e inf orm our k e y c ontr act or s and supplier s o f our Supplier C ode T r aining W e pr o vide tr aining f or emplo y ee s in r ole s that ma y be e xpo s ed t o c orruption risk such as pr ocur ement t e ams and per s onnel in v olv ed in g o v ernment r elations Whis tleblo w er hotline Dir ect or s ofc er s and emplo y ee s c an r eport actual or pot ential br e ache s o f the C ode or P olic y via phone or w eb in E nglish or Sp anish 2 4 hour s a da y 36 5 da y s a y e ar The hotline is manag ed b y an independent s er vic e pr o vider Monit oring and c omplianc e The B o ar d ofc er s e x ecutiv e s and all s enior manag ement 1 c ertif y c omplianc e with the C ode and the P olic y annually The leg al and c omplianc e t e ams r e vie w and in v e s tig at e all c omplaint s made thr ough the whis tleblo w er hotline C orpor at e and sit ele v el c omplianc e and audit functions monit or c omplianc e with the C ode P olic y Guideline s and r ele v ant pr oc edur e s The B o ar d s A udit C ommitt ee and Nominating and Go v ernanc e C ommitt ee monit or c omplianc e with the C ode A c c ount abilit y The B o ar d pr o vide s o v er sight o f the C ode and updat e s the C ode P olic y and Guideline s as nec e s s ar y t o ensur e w e ar e meeting e v olving g ood g o v ernanc e and ethic s pr actic e s The Gener al C ouns el o v er s ee s our leg al c omplianc e and antic orruption pr actic e s 1 Include s e x ecutiv e ofc er s vic e pr e sident s c ountr y manag er s dir ect or s oper ation and unit manag er s P an Americ an Silv er is c ommitt ed t o high s t andar ds o f c orpor at e g o v ernanc e ethic s and tr ansp ar enc y in the c onduct o f busine s s