Pan American Silver Corp.
US ˙ NYSE ˙ CA6979001089

SecurityPAAS / Pan American Silver Corp.
InstitutionVan Eck Associates Corp
Latest Disclosed Ownership21,402,358 shares
Ownership 5.08%
Van Eck Associates Corp ownership in PAAS / Pan American Silver Corp.

2026-05-15 - Van Eck Associates Corp has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 21,402,358 shares of Pan American Silver Corp. (US:PAAS). This represents 5.08 percent ownership of the company. In their previous filing dated 2025-08-14 , Van Eck Associates Corp had reported owning 29,613,978 shares, indicating a decrease of -27.73 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2026-05-15 2026-05-15 13G/A 29,613,978 21,402,358 -27.73 5.08 -37.90
2025-08-14 2025-08-14 13G/A 35,067,223 29,613,978 -15.55 8.18 -15.41
2025-03-07 2025-03-07 13G/A 40,048,884 35,067,223 -12.44 9.67 -12.33
2024-11-14 2024-11-14 13G/A 45,578,019 40,048,884 -12.13 11.03 -11.90
2024-06-25 2024-06-25 13G/A 45,578,019 45,578,019 0.00 12.52 20.97
2024-02-14 2024-02-14 13G/A 21,799,751 45,578,019 109.08 10.35 0.00
2023-02-14 2023-02-14 13G/A 20,886,758 21,799,751 4.37 10.35 4.23
2022-02-10 2022-02-10 13G/A 24,336,142 20,886,758 -14.17 9.93 -14.25
2021-02-11 2021-02-11 13G/A 25,741,726 24,336,142 -5.46 11.58 -5.70
2020-02-11 2020-02-11 13G/A 20,733,707 25,741,726 24.15 12.28 -9.10
2019-02-11 2019-02-11 13G/A 17,913,503 20,733,707 15.74 13.51 15.67
2018-02-12 2018-02-12 13G/A 17,095,483 17,913,503 4.79 11.68 4.57
2017-07-07 2017-07-07 13G/A 9,080,709 17,095,483 88.26 11.17 87.42
2017-02-08 2017-02-08 13G/A 7,037,958 9,080,709 29.02 5.96 28.73
2016-07-08 2016-07-08 13G/A 18,295,322 7,037,958 -61.53 4.63 -61.61
2016-02-11 2016-02-11 13G/A 18,082,046 18,295,322 1.18 12.06 1.17
2015-07-07 2015-07-07 13G/A 18,082,046 11.92
2015-02-12 2015-02-12 13G/A 9,193,384 6.07
2014-02-12 2014-02-12 13G/A 8,462,226 5.59
2013-02-14 2013-02-14 13G/A 10,498,344 6.89
2012-02-14 2012-02-14 13G/A 6,137,290 5.80

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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)
2026-05-15 2026-03-31 13F Pan American Silver COM 697900108 21,526,928 -18,055,972 -45.62 1,176 -42.63 0.7706
2026-02-13 2025-12-31 13F Pan American Silver COM 697900108 39,582,900 -5,559,160 -12.31 2,051 17.28 1.6949
2025-11-13 2025-09-30 13F Pan American Silver COM 697900108 45,142,060 15,405,762 51.81 1,748 107.11 1.6243
2025-08-14 2025-06-30 13F Pan American Silver COM 697900108 29,736,298 -2,142,300 -6.72 845 2.55 0.9559
2025-05-15 2025-03-31 13F Pan American Silver COM 697900108 31,878,598 -820,174 -2.51 823 24.51 1.0644
2025-01-29 2024-12-31 13F Pan American Silver COM 697900108 32,698,772 -6,814,036 -17.25 661 -34.49 0.8465
2024-10-29 2024-09-30 13F Pan American Silver COM 697900108 39,512,808 2,328,306 6.26 1,010 36.54 1.2606
2024-07-31 2024-06-30 13F Pan American Silver COM 697900108 37,184,502 -9,301,937 -20.01 739 5.42 1.0504
2024-04-30 2024-03-31 13F Pan American Silver COM 697900108 46,486,439 653,064 1.42 701 -6.28 1.0596
2024-02-05 2023-12-31 13F Pan American Silver COM 697900108 45,833,375 4,842,547 11.81 748 26.14 1.3619
2023-11-08 2023-09-30 13F Pan American Silver COM 697900108 40,990,828 2,798,867 7.33 594 6.65 1.3025
2023-08-03 2023-06-30 13F Pan American Silver COM 697900108 38,191,961 13,362,403 53.82 557 23.28 1.2186
2023-05-03 2023-03-31 13F Pan American Silver COM 697900108 24,829,558 2,965,528 13.56 452 26.33 1.0288
2023-02-08 2022-12-31 13F Pan American Silver COM 697900108 21,864,030 281,927 1.31 357 -99.90 0.9230
2022-10-27 2022-09-30 13F Pan American Silver COM 697900108 21,582,103 -790,960 -3.54 342,724 -22.12 1.0198
2022-08-03 2022-06-30 13F Pan American Silver COM 697900108 22,373,063 -28,263 -0.13 440,076 -28.04 1.1668
2022-05-10 2022-03-31 13F Pan American Silver COM 697900108 22,401,326 1,475,300 7.05 611,556 17.04 1.2622
2022-01-26 2021-12-31 13F Pan American Silver COM 697900108 20,926,026 -923,374 -4.23 522,523 2.77 1.2089
2021-11-03 2021-09-30 13F Pan American Silver COM 697900108 21,849,400 -428,079 -1.92 508,435 -20.12 1.2784
2021-08-10 2021-06-30 13F Pan American Silver COM 697900108 22,277,479 -81,587 -0.36 636,467 -5.21 1.5058
2021-05-13 2021-03-31 13F Pan American Silver COM 697900108 22,359,066 -1,982,809 -8.15 671,442 -20.07 1.8265
2021-02-09 2020-12-31 13F Pan American Silver COM 697900108 24,341,875 1,943,018 8.67 840,038 16.65 2.4465
2020-12-04 2020-09-30 13F/A-1 Pan American Silver COM 697900108 22,398,857 806,063 3.73 720,123 9.74 2.2916
2020-11-12 2020-09-30 13F Pan American Silver COM 697900108 22,398,857 806,063 720,123 2,232,636.1733
2020-08-14 2020-06-30 13F/A-1 Pan American Silver COM 697900108 21,592,794 -2,087,505 -8.82 656,205 93.38 2.2858
2020-08-10 2020-06-30 13F Pan American Silver COM 697900108 21,592,794 -2,087,505 656,205 2,229,293.3367
2020-05-12 2020-03-31 13F Pan American Silver COM 697900108 23,680,299 -2,063,092 -8.01 339,339 -44.36 1.7233
2020-02-13 2019-12-31 13F Pan American Silver COM 697900108 25,743,391 614,884 2.45 609,861 54.78 2.3561
2019-11-08 2019-09-30 13F Pan American Silver COM 697900108 25,128,507 -1,138,330 -4.33 394,015 16.19 1.8465
2019-08-07 2019-06-30 13F Pan American Silver COM 697900108 26,266,837 -763,603 -2.82 339,105 -5.32 1.6336
2019-05-13 2019-03-31 13F Pan American Silver COM 697900108 27,030,440 6,296,210 30.37 358,153 18.31 1.7593
2019-02-12 2018-12-31 13F Pan American Silver COM 697900108 20,734,230 -121,325 -0.58 302,720 -1.66 1.5182
2018-11-13 2018-09-30 13F Pan American Silver COM 697900108 20,855,555 1,515,937 7.84 307,828 -11.08 1.5013
2018-08-13 2018-06-30 13F Pan American Silver COM 697900108 19,339,618 1,221,920 6.74 346,179 18.31 1.6185
2018-05-11 2018-03-31 13F Pan American Silver COM 697900108 18,117,698 255,595 1.43 292,601 5.28 1.4543
2018-02-12 2017-12-31 13F Pan American Silver COM 697900108 17,862,103 1,309,047 7.91 277,934 -1.52 1.3708
2017-11-09 2017-09-30 13F Pan American Silver COM 697900108 16,553,056 -1,220,752 -6.87 282,230 -5.59 1.4417
2017-08-11 2017-06-30 13F Pan American Silver COM 697900108 17,773,808 6,640,625 59.65 298,955 53.27 1.6344
2017-05-11 2017-03-31 13F Pan American Silver COM 697900108 11,133,183 2,052,474 22.60 195,053 42.53 0.8599
2017-02-09 2016-12-31 13F Pan American Silver COM 697900108 9,080,709 267,427 3.03 136,846 -11.88 0.6818
2016-11-14 2016-09-30 13F Pan American Silver COM 697900108 8,813,282 1,627,861 22.66 155,290 31.38 0.7227
2016-08-12 2016-06-30 13F Pan American Silver COM 697900108 7,185,421 -9,029,104 -55.69 118,200 -32.94 0.6057
2016-05-13 2016-03-31 13F Pan American Silver COM 697900108 16,214,525 -2,080,797 -11.37 176,252 48.21 1.1871
2016-02-12 2015-12-31 13F Pan American Silver COM 697900108 18,295,322 -1,366,010 -6.95 118,920 -4.75 0.9434
2015-11-12 2015-09-30 13F Pan American Silver COM 697900108 19,661,332 1,261,795 6.86 124,849 -21.01 0.9593
2015-08-12 2015-06-30 13F Pan American Silver COM 697900108 18,399,537 6,858,342 59.42 158,052 56.15 0.9347
2015-05-14 2015-03-31 13F Pan American Silver COM 697900108 11,541,195 2,347,811 25.54 101,216 19.67 0.5844
2015-02-13 2014-12-31 13F Pan American Silver COM 697900108 9,193,384 1,506,615 19.60 84,579 0.21 0.5258
2014-11-14 2014-09-30 13F Pan American Silver COM 697900108 7,686,769 375,992 5.14 84,401 -24.79 0.4471
2014-08-14 2014-06-30 13F PAN AMERICAN SILVER COM 697900108 7,310,777 -448,383 -5.78 112,220 12.38 0.5178
2014-05-08 2014-03-31 13F PAN AMERICAN SILVER COM 697900108 7,759,160 -703,066 -8.31 99,860 0.86 0.4956
2014-02-12 2013-12-31 13F PAN AMERICAN SILVER COM 697900108 8,462,226 -473,317 -5.30 99,008 5.03 0.4999
2013-11-14 2013-09-30 13F PAN AMERICAN SILVER COM 697900108 8,935,543 -2,238,296 -20.03 94,270 -27.52 0.4798
2013-08-14 2013-06-30 13F PAN AMERICAN SILVER COM 697900108 11,173,839 11,173,839 130,063 0.7086
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.