The Joaquin high-grade underground mine is a satellite mine within the Manantial Espejo complex in Argentina. The Project is composed of seven contiguous claims. It is located in the Santa Cruz Province, approximately 145 kilometers from Pan American’s Manantial Espejo mine, well within trucking distance, and its sister mine, COSE. The operator has recently completed mining from the high-grade deposit and recently placed the operation on care and maintenance.

Interest: 2% NSR Royalty

Location: Santa Cruz Province, Argentina

Project Status: Development

Counterparty: Pan American Silver (PAAS:TSX) (NASDAQ: PAAS)

Pan American Silver - Joaquin Mine

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