2 2 01 9 S U S T AINABILITY REPOR T Ab out t h i s R e p or t O n P an Americ an Silv er s 25th y e ar o f oper ation w e ar e pr oud t o r ele as e our 1 0th annual sus t ainabilit y r eport The s e r eport s c ommunic at e our vision o f sus t ainabilit y shar e ho w w e addr e s s sus t ainable de v elopment in the c ont e xt o f our busine s s dis clo s e ho w w e manag e en vir onment al w orkplac e and s ocial is sue s and demons tr at e pr ogr e s s t o w ar d our sus t ainabilit y g o als and initiativ e s R eporting als o allo w s us and s t ak eholder s t o benchmark our perf ormanc e ag ains t indus tr y peer s Thr oughout this r eport w e r e f er t o P an Americ an Silv er C orp as P an Americ an Silv er or the C omp an y and us e the t erms w e us and our t o r e f er t o P an Americ an Silv er C orp and it s sub sidiarie s A u d i en ce The int ended audienc e f or this r eport is our s t ak eholder s which w e r e f er t o as c ommunitie s o f int er e s t or C OIs This gr oup include s shar eholder s emplo y ee s and c ontr act or s unions loc al c ommunitie s g o v ernment s supplier s indus tr y as s ociations and r egulat or y ag encie s nong o v ernment al or g aniz ations and civil s ociet y E n vir onment al S ocial and Go v ernanc e E S G f ocus ed in v e s t or s ar e incr e asingly a p art o f our audienc e C on t e n t an d Sc o p e W e r egularly eng ag e with C OIs t o identif y the is sue s that ar e mo s t import ant t o them This r eport de s cribe s our manag ement appr o ach and perf ormanc e with r e spect t o the s e is sue s within the c ont e xt o f our o v er all sus t ainabilit y and busine s s s tr at egie s P an Americ an Silv er ac quir ed T ahoe R e s our c e s Inc T ahoe or T ahoe R e s our c e s on F ebruar y 22 2 01 9 T ahoe s mine s ha v e been inc orpor at ed int o our r eporting W ith this ac quisition w e ha v e adapt ed our sus t ainabilit y perf ormanc e r eporting while maint aining our c or e v alue s C ons equently this r eport include s additional sus t ainabilit y dis clo sur e s and inf ormation on our pr actic e s The s c ope o f this r eport c o v er s our nine mining oper ations Timmins W e s t and B ell Cr eek oper ation in Canada L a C olor ada and D olor e s in Me xic o Huar on L a Ar ena Mor oc ocha and Shahuindo in P eru Manantial E spejo in Ar g entina S an V ic ent e in B olivia O ur E s c ob al mine in Guat emala is on c ar e and maint enanc e and our Alamo D or ado mine in Me xic o is in po s t clo sur e Ho w e v er c ert ain oper ating people manag ement ec onomic en vir onment al and s ocial dat a f or the s e mine s and pr opertie s ar e included in this r eport O ur other de v elopment pr oject s and e xplor ation sit e s ar e e x cluded fr om the s c ope o f this r eport with the e x c eption o f c ert ain dat a and inf ormation r elat ed t o s af et y and people manag ement When applic able w e include inf ormation and dat a r eg ar ding our he adquart er s in V anc ouv er and our r egional ofc e s I am pr oud o f our c ontinued c ommitment t o building and maint aining a r eput ation f or e x c ellenc e in dis c o v er y engineering inno v ation s af et y and long t erm sus t ainabilit y Michael St einmann