Pan American Silver Corp.
US ˙ NYSE ˙ CA6979001089

SecurityPAAS / Pan American Silver Corp.
InstitutionMackenzie Financial Corp
Latest Disclosed Ownership2,247,180 shares
Latest Disclosed Value $ 122,914,108
Mackenzie Financial Corp reports 26.41% increase in ownership of PAAS / Pan American Silver Corp.

On May 13, 2026 - Mackenzie Financial Corp filed a 13F-HR form disclosing ownership of 2,247,180 shares of Pan American Silver Corp. (US:PAAS) valued at $122,763,443 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 18, 2026 disclosing 1,777,653 shares of Pan American Silver Corp.. This represents a change in shares of 26.41% during the quarter. The current value of the position is $106,920,824 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-13 2026-03-31 13F PAN AMERN SILVER COM 697900108 2,247,180 469,527 26.41 122,914 31.60 0.1475
2026-02-18 2025-12-31 13F PAN AMERN SILVER COM 697900108 1,777,653 -150,121 -7.79 93,403 25.06 0.1106
2025-11-13 2025-09-30 13F PAN AMERN SILVER COM 697900108 1,927,774 610,832 46.38 74,687 99.75 0.0905
2025-08-13 2025-06-30 13F PAN AMERN SILVER COM 697900108 1,316,942 -144,143 -9.87 37,392 -0.92 0.0484
2025-05-07 2025-03-31 13F PAN AMERN SILVER COM 697900108 1,461,085 141,900 10.76 37,738 41.56 0.0537
2025-05-02 2024-12-31 13F/A-2 PAN AMERN SILVER COM 697900108 1,319,185 -1,883,195 -58.81 26,659 -60.13 0.0363
2025-02-20 2024-12-31 13F/A-1 PAN AMERN SILVER COM 697900108 1,319,185 -1,883,195 26,659 0.0346
2025-02-14 2024-12-31 13F Pan American Silver Common Stock 697900108 1,319,185 -1,883,195 26,184 0.0376
2024-11-13 2024-09-30 13F PAN AMERN SILVER COM 697900108 3,202,380 77,863 2.49 66,865 7.66 0.0930
2024-08-14 2024-06-30 13F PAN AMERN SILVER COM 697900108 3,124,517 1,056,981 51.12 62,107 99.18 0.0923
2024-05-10 2024-03-31 13F PAN AMERN SILVER COM 697900108 2,067,536 -167,768 -7.51 31,181 -14.59 0.0449
2024-01-30 2023-12-31 13F PAN AMERN SILVER COM 697900108 2,235,304 -969,390 -30.25 36,507 -17.05 0.0551
2023-10-25 2023-09-30 13F PAN AMERN SILVER COM 697900108 3,204,694 153,568 5.03 44,012 -0.98 0.0740
2023-08-03 2023-06-30 13F PAN AMERN SILVER COM 697900108 3,051,126 434,862 16.62 44,446 -6.89 0.0674
2023-04-24 2023-03-31 13F PAN AMERN SILVER COM 697900108 2,616,264 542,676 26.17 47,734 41.26 0.0737
2023-02-14 2022-12-31 13F PAN AMERN SILVER COM 697900108 2,073,588 1,445,356 230.07 33,790 238.71 0.0564
2022-10-07 2022-09-30 13F Pan American Silver Common Stock 697900108 628,232 46,736 8.04 9,976 -12.65 0.0172
2022-08-10 2022-06-30 13F PAN AMERN SILVER COM 697900108 581,496 -157,088 -21.27 11,421 -43.42 0.0183
2022-05-13 2022-03-31 13F PAN AMERN SILVER COM 697900108 738,584 -46,587 -5.93 20,186 3.04 0.0271
2022-02-14 2021-12-31 13F PAN AMERN SILVER COM 697900108 785,171 -537,830 -40.65 19,590 -36.29 0.0264
2021-11-08 2021-09-30 13F PAN AMERN SILVER COM 697900108 1,323,001 -31,719 -2.34 30,747 -20.45 0.0436
2021-08-11 2021-06-30 13F PAN AMERN SILVER COM 697900108 1,354,720 160,699 13.46 38,650 7.97 0.0538
2021-05-14 2021-03-31 13F PAN AMERN SILVER COM 697900108 1,194,021 217,170 22.23 35,797 6.19 0.0546
2021-02-10 2020-12-31 13F PAN AMERN SILVER COM 697900108 976,851 4,413 0.45 33,711 7.80 0.0728
2020-11-13 2020-09-30 13F PAN AMERN SILVER COM 697900108 972,438 -124,436 -11.34 31,273 -5.84 0.0777
2020-08-13 2020-06-30 13F PAN AMERN SILVER COM 697900108 1,096,874 270,604 32.75 33,213 181.68 0.0889
2020-05-14 2020-03-31 13F PAN AMERN SILVER COM 697900108 826,270 353,713 74.85 11,791 5.28 0.0379
2020-02-13 2019-12-31 13F PAN AMERICAN SILVER COM 697900108 472,557 67,760 16.74 11,200 76.46 0.0275
2019-11-14 2019-09-30 13F PAN AMERICAN SILVER COM 697900108 404,797 -88,828 -18.00 6,347 -0.41 0.0167
2019-08-23 2019-06-30 13F/A-1 PAN AMERICAN SILVER COM 697900108 493,625 -221,526 -30.98 6,373 -32.75 0.0164
2019-08-14 2019-06-30 13F PAN AMERICAN SILVER COM 697900108 493,625 -221,526 6,373
2019-05-15 2019-03-31 13F PAN AMERICAN SILVER COM 697900108 715,151 -1,788,163 -71.43 9,476 -74.07 0.0229
2019-02-06 2018-12-31 13F PAN AMERICAN SILVER COM 697900108 2,503,314 1,592,198 174.75 36,548 171.77 0.0961
2018-11-15 2018-09-30 13F PAN AMERICAN SILVER COM 697900108 911,116 400 0.04 13,448 -17.51 0.0327
2018-08-13 2018-06-30 13F PAN AMERICAN SILVER COM 697900108 910,716 305,179 50.40 16,302 66.70 0.0416
2018-05-14 2018-03-31 13F/A-1 PAN AMERICAN SILVER COM 697900108 605,537 438,037 261.51 9,779 275.25 0.0249
2018-05-14 2018-03-31 13F PAN AMERICAN SILVER COM 697900108 605,537 9,779
2018-02-13 2017-12-31 13F PAN AMERICAN SILVER COM 697900108 167,500 82,500 97.06 2,606 79.85 0.0063
2017-11-13 2017-09-30 13F PAN AMERICAN SILVER COM 697900108 85,000 0 0.00 1,449 1.33 0.0078
2017-08-14 2017-06-30 13F PAN AMERICAN SILVER COM 697900108 85,000 14,650 20.82 1,430 15.98 0.0080
2017-05-25 2017-03-31 13F/A-1 PAN AMERICAN SILVER COM 697900108 70,350 37,650 115.14 1,233 150.61 0.0072
2017-05-12 2017-03-31 13F PAN AMERICAN SILVER COM 697900108 70,350 1,233
2017-02-14 2016-12-31 13F PAN AMERICAN SILVER COM 697900108 32,700 32,700 0.00 492 0.0029
2016-11-15 2016-09-30 13F PAN AMERICAN SILVER COM 697900108 0 -88,300 -100.00 0 -100.00
2016-08-12 2016-06-30 13F PAN AMERICAN SILVER COM 697900108 88,300 -17,700 -16.70 1,453 26.13 0.0082
2016-05-12 2016-03-31 13F PAN AMERICAN SILVER COM 697900108 106,000 106,000 0.00 1,152 0.0105
2014-11-12 2014-09-30 13F PAN AMERICAN SILVER COM 697900108 0 -121,900 -100.00 0 -100.00
2014-08-11 2014-06-30 13F PAN AMERICAN SILVER COM 697900108 121,900 200 0.16 1,871 19.48 0.0087
2014-05-14 2014-03-31 13F PAN AMERICAN SILVER COM 697900108 121,700 121,700 1,566 0.0077
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.