<SEC-DOCUMENT>0001341004-19-000141.txt : 20190222
<SEC-HEADER>0001341004-19-000141.hdr.sgml : 20190222
<ACCEPTANCE-DATETIME>20190222112904
ACCESSION NUMBER:		0001341004-19-000141
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		9
FILED AS OF DATE:		20190222
DATE AS OF CHANGE:		20190222
EFFECTIVENESS DATE:		20190222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAN AMERICAN SILVER CORP
		CENTRAL INDEX KEY:			0000771992
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-229795
		FILM NUMBER:		19624562

	BUSINESS ADDRESS:	
		STREET 1:		1500-625 HOWE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2T6
		BUSINESS PHONE:		604-684-1175

	MAIL ADDRESS:	
		STREET 1:		1500 625 HOWE ST
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2T6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PAN AMERICAN MINERALS CORP
		DATE OF NAME CHANGE:	19950608
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>s-8.htm
<DESCRIPTION>FORM S-8
<TEXT>
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  <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">As filed with the Securities and Exchange Commission on February 22, 2019</div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: right; text-indent: 388pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Registration No.&#160;333-&#160; &#160; &#160; &#160;&#160; &#160; <br>
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  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Washington, D.C.&#160; 20549</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">FORM&#160;S-8</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">REGISTRATION STATEMENT</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">UNDER THE</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">SECURITIES ACT OF 1933</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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    <hr style="height: 2px; width: 10%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">PAN AMERICAN SILVER CORP.</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(Exact name of Registrant as specified in its charter)</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">British Columbia</font></div>
        </td>
        <td style="width: 4.32%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt; font-weight: bold;">&#160;</font></div>
        </td>
        <td style="width: 47.84%; vertical-align: top;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Not Applicable</font></div>
        </td>
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        <td style="width: 47.84%; vertical-align: top;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(Jurisdiction of Incorporation)</font></div>
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          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt; font-style: italic;">&#160;</font></div>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(I.R.S. Employer Identification No.)</font></div>
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  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">1500 - 625 Howe Street</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Vancouver, British Columbia, Canada</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">V6C 2T6</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(Address of Registrant&#8217;s principal executive offices)</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Tahoe Amended and Restated Share Option and Incentive Share Plan</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(Full title of plan)</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">C T Corporation</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">28 Liberty Street</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">New York, NY 10005</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">(212) 894-8940</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(Name, Address and Telephone Number of Agent for Service)</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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        <td style="width: 50%; vertical-align: top;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Riccardo Leofanti, Esq.</font></div>
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Skadden, Arps, Slate, Meagher &amp; Flom LLP</font></div>
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">222 Bay Street, Suite 1750, P.O. Box 258</font></div>
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Toronto, Ontario, Canada M5K 1J5</font></div>
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">(416) 777-4700</font></div>
        </td>
        <td style="width: 50%; vertical-align: top;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Graeme Martindale, Esq.</font></div>
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Borden Ladner Gervais LLP</font></div>
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">1200 Waterfront Centre, 200 Burrard Street<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><br>
              </font>P.O. Box 48600<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><br>
              </font>Vancouver, British Columbia, Canada V7X 1T2</font></div>
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">(604) 687-5744</font></div>
        </td>
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  <div style="text-align: left; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #231F20;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer,
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          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">Large accelerated filer&#160; &#9746;</font></font></div>
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        <td style="width: 36.76%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">Accelerated filer&#160; &#9744;</font></div>
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          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #231F20;">Non-accelerated filer</font>&#160; &#9744;<font style="font-family:
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          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">Smaller reporting company&#160; &#9744;</font></div>
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        <td style="width: 63.24%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">&#160;</font></div>
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        <td style="width: 36.76%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">Emerging growth company&#160; &#9744;</font></div>
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  <div><br>
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  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
      complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.&#160; &#9744;</font></div>
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  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">CALCULATION OF REGISTRATION FEE</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z78502ef5cd9a40cf95778a3932d0724c" border="0" cellpadding="0" cellspacing="0">

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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Title&#160;of&#160;Securities&#160;To&#160;Be<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><br>
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        <td style="width: 2.43%; vertical-align: bottom; border-top: #000000 2.25pt double; border-bottom: #000000 1.00pt solid;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">&#160;</font></div>
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        <td style="width: 14.72%; vertical-align: bottom; border-top: #000000 2.25pt double; border-bottom: #000000 1.00pt solid;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Amount&#160;To&#160;Be<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><br>
              </font>Registered</font></div>
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        <td style="width: 2.43%; vertical-align: bottom; border-top: #000000 2.25pt double; border-bottom: #000000 1.00pt solid;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">&#160;</font></div>
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        <td colspan="2" style="vertical-align: bottom; border-top: 2.25pt double rgb(0, 0, 0); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Proposed&#160;Maximum<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><br>
              </font>Offering&#160;Price&#160;Per<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><br>
              </font>Share&#160;(2)</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; border-top: #000000 2.25pt double; border-bottom: #000000 1.00pt solid;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">&#160;</font></div>
        </td>
        <td colspan="2" style="vertical-align: bottom; border-top: 2.25pt double rgb(0, 0, 0); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Proposed&#160;Maximum<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><br>
              </font>Aggregate&#160;Offering<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><br>
              </font>Price</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; border-top: #000000 2.25pt double; border-bottom: #000000 1.00pt solid;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">&#160;</font></div>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Amount&#160;of<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><br>
              </font>Registration&#160;Fee</font></div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; border-top: #000000 2.25pt double; border-bottom: #000000 1.00pt solid;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">7,209</font></div>
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        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;$73.70</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$531,329.45</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;&#160;&#160;&#160; $64.40</font></div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">168,450</font></div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$49.45</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$8,330,531.02</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$1,009.66</font></div>
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        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">3,604</font></div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$36.75</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$132,431.58</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$16.05</font></div>
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        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">3,844</font></div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$52.67</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$202,452.33</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$24.54</font></div>
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        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">228,765</font></div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$39.04</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$8,931,410.19</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$1,082.49</font></div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">7,209</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$41.03</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$295,820.38</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$35.85</font></div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">10,813</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$66.92</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$723,620.21</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$87.70</font></div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">6,488</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$49.80</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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        </td>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$323,070.21</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$39.16</font></div>
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        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">3,604</font></div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$40.15</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$144,694.27</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$17.54</font></div>
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        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">245,106</font></div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$31.54</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$7,730,554.02</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$936.94</font></div>
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        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">3,604</font></div>
          </div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$35.26</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$127,078.60</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
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        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$15.40</font></div>
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        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">17,301</font></div>
          </div>
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        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$21.95</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$379,816.92</font></div>
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        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$46.03</font></div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">2,811</font></div>
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        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$20.31</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
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        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$57,088.71</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$6.92</font></div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">110,802</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$21.01</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$2,327,530.75</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$282.10</font></div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Common Shares</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">3,554</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;"> <br>
          </div>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$15.55</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$55,264.90</font></div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$6.70</font></div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 1.00pt solid;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2.25pt double rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left; text-indent: -10pt; margin-left: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Total</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2.25pt double;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 14.72%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2.25pt double;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">823,164</font></div>
          </div>
        </td>
        <td style="width: 2.43%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2.25pt double;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td colspan="2" style="vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2.25pt double rgb(0, 0, 0);">&#160;</td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2.25pt double;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2.25pt double rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2.25pt double rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$30,292,693.54</font></div>
          </div>
        </td>
        <td style="width: 2.44%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2.25pt double;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </div>
        </td>
        <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2.25pt double rgb(0, 0, 0);"><br>
        </td>
        <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2.25pt double rgb(0, 0, 0);">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">$3,671.47</font></div>
          </div>
        </td>
        <td style="width: 0.53%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2.25pt double;">
          <div style="background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">&#160;</font></div>
          </div>
        </td>
      </tr>

  </table>
  <div style="text-align: left; text-indent: -36pt; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Notes</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z14d4a08f162343029fbf79832355a670" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(1)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The Common Shares being registered relate to past option grants of Tahoe Resources Inc. under the Tahoe Amended and Restated Share Option and Incentive Share Plan,
                  with option exercise prices as indicated.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9a73c3fbbe0f4debabf616299ea2128b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(2)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">In accordance with Rule&#160;457(h)(1), the maximum offering price is the option exercise price (initially expressed in Canadian dollars), converted to U.S. dollars using a
                  factor of CAD$1.00 = US$0.7578, as reported by the Bank of Canada daily exchange rate for United States dollars on February 21, 2019.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center"></div>
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  </div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">PART&#160;II</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 3.&#160; &#160; &#160;&#160;&#160;&#160;&#160; Incorporation of Documents by Reference.</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The following documents filed by the Registrant with the Securities and Exchange Commission (the "Commission") are incorporated by
      reference into this Registration Statement:</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za22c3cb133864234b33ae7228b1dbdc2" cellpadding="0" cellspacing="0">

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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Annual report on Form&#160;40-F of the Registrant for the fiscal year ended December&#160;31, 2017, filed with the Commission on March 23, 2018;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z3fb33d18a998410ea6cea54153b447c6" cellpadding="0" cellspacing="0">

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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">All reports filed pursuant to Section&#160;13(a)&#160;or 15(d)&#160;of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), by the Registrant since December&#160;31,
                  2017;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze33730f4163e437ebca23ed4e1d70156" cellpadding="0" cellspacing="0">

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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The Registrant&#8217;s Reports on Form&#160;6-K furnished to the Commission on May 10, 2018, August 9, 2018 and November 7, 2018 (with respect to Exhibits 99.1 and 99.2);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zfa0881c573094bab83051a8b6bfdb7ea" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The Registrant&#8217;s Reports on Form&#160;6-K furnished to the Commission on&#160;April 11, 2018 and December 6, 2018 (with respect to Exhibit 99.2); and</font></div>
            </td>
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      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z7ebb799fc7f042e8a51ec759c3a1d9ea" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(e)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The description of the Registrant&#8217;s common shares, included in the Annual Report on Form&#160;40-F, filed with the Commission on March&#160;30, 2007.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d)&#160;of the Exchange Act, prior to the
      filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities offered hereby then remaining unsold, shall be deemed to be incorporated by reference herein and shall be
      deemed to be a part hereof from the date of the filing of such documents.&#160; In addition, any Report on Form&#160;6-K of the Registrant hereafter furnished to the Commission pursuant to the Exchange Act shall be incorporated by reference into this
      Registration Statement if and to the extent provided in such document.</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 4.&#160; &#160; &#160;&#160;&#160;&#160;&#160; Description of Securities</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Not Applicable.</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 5.&#160; &#160; &#160; &#160;&#160;&#160; Interests of Named Experts and Counsel</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Not Applicable.</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 6.&#160; &#160; &#160; &#160;&#160;&#160; Indemnification of Directors and Officers</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Division 5 of Part&#160;5 of the <font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-style: italic;">Business
        Corporations Act</font> of British Columbia (the &#8220;BCBCA&#8221;) consists of Sections 159 through 165.&#160; Section&#160;160 provides that a corporation may:&#160; (i)&#160;indemnify an eligible party (these consist of the corporation&#8217;s or an affiliate of the corporation&#8217;s
      directors, officers, former directors and former officers and their respective heirs and personal or other legal representatives) against judgments, penalties or fines awarded or imposed in, or an amount paid in settlement of an eligible proceeding
      (consisting of any proceeding in which any eligible party is or may be joined as a party or may be liable in the proceeding by reason of being or having been a director or officer, or the equivalent of a director or officer, of the corporation or an
      associated corporation); and/or (ii)&#160;pay the expenses of an eligible party reasonably incurred by that party in respect of such an eligible proceeding after its final disposition.&#160; Section&#160;161 provides that a British Columbia corporation must pay the
      expenses incurred by an eligible party in respect of an eligible proceeding if the eligible party has not been reimbursed for those expenses and is ultimately successful in defending any such proceeding.&#160; Notwithstanding the foregoing, Section&#160;163
      prohibits a British Columbia corporation from granting such an indemnity to an eligible party if:</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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    <div>
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            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">at the time the agreement to give indemnity was made the corporation was prohibited from agreeing to grant it by its memorandum or articles;</font></div>
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  </div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z775e1bd69aca4854a345ac2c3fb89cc6" cellpadding="0" cellspacing="0">

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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">at the time the indemnity or payment is made the corporation is prohibited from giving the indemnity or paying the expenses by its memorandum or articles;</font></div>
            </td>
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      </table>
    </div>
  </div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zce392404c1134634b741e75307eea254" cellpadding="0" cellspacing="0">

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            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">if, in relation to the subject matter of the proceeding, the eligible party did not act honestly and in good faith with a view to the best interests of the corporation
                  or the associated corporation; or</font></div>
            </td>
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      </table>
    </div>
  </div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z10421d27ac384f88844c187ebe9dcd14" cellpadding="0" cellspacing="0">

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            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">in the case of an eligible proceeding other than a civil proceeding, the eligible party did not have reasonable grounds for believing his or her conduct in respect of
                  which the proceeding was brought was lawful.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Section&#160;164 of the BCBCA provides that, regardless of whether the payment of expenses or an indemnity is otherwise sought, authorized or declined under
      Division 5 of Part&#160;5 of the BCBCA, a court, on the application of a corporation or an eligible party, may:</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze5e17318d850476ab91d93191034fd20" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">order a corporation to indemnify an eligible party against any liability incurred in respect of an eligible proceeding;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zcda7562a423e44058a688b42f4eabfee" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">order a corporation to pay some or all of the expenses incurred by an eligible party in respect of an eligible proceeding;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z4c6cffe5f36a48a781899fd8c37425b2" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">order the enforcement of, or a payment under, an agreement of indemnity entered into by a corporation;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z3cc5daece994418f917240c1f7076d31" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">order payment of some or all expenses incurred by any eligible person in obtaining a court order under Section&#160;164 of the BCBCA; or</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zfc2af51a20dd48e39bc1125fdc13d561" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(e)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">make any other order that the court deems appropriate.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">In accordance with the BCBCA, the Articles of the Registrant provide that to the extent the Registrant is not so prohibited under the
      BCBCA, the Registrant must indemnify each eligible party (consisting under the Articles of current and former directors, alternate directors, officers, and each of their respective heirs and representatives), against all judgements, penalties or
      fines awarded or imposed in, or an amount paid in settlement of, an eligible proceeding to which each eligible party may be liable, and the Registrant must, after the final disposition of an eligible proceeding pay the expenses actually and
      reasonably incurred by each eligible party in respect of that proceeding. The failure of an eligible party of the Registrant to comply with the provisions of the BCBCA or the Registrant&#8217;s Articles does not invalidate any indemnity to which he or she
      is entitled.</font></div>
  <div><br>
  </div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Unless prohibited by applicable law or court order, the Registrant must pay, as they are incurred, in advance of the final disposition
      of an eligible proceeding, the expenses actually and reasonably incurred by an eligible party in respect of the eligible proceeding provided that the Registrant will not make such payments unless the Registrant first receives from the eligible party
      a written undertaking that, if it is ultimately determined that the payment of expenses is prohibited by applicable law, the eligible party must repay the amounts advanced.</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The Registrant maintains a policy of directors&#8217; and officers&#8217; liability insurance that insures directors and officers for losses as a
      result of claims against the directors and officers of the Registrant under the indemnity provisions under the Articles and the BCBCA.</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Insofar as indemnification for liabilities arising under the <font style="font-family: 'Times New Roman', serif; font-size: 10pt;
        font-style: italic;">Securities Act of 1933</font> (the &#8220;Securities Act&#8221;) may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of
      the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.</font></div>
  <div><br>
  </div>
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    <div id="DSPFPageFooter"></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    <div id="DSPFPageHeader"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 7.&#160; &#160; &#160;&#160;&#160;&#160;&#160; Exemption From Registration Claimed.</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Not Applicable</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 8.&#160; &#160; &#160;&#160;&#160;&#160;&#160; Exhibits.</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The following exhibits are filed as part of this registration statement.</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zb360bf24247a443e89716c1c763ea89b" border="0" cellpadding="0" cellspacing="0">

      <tr>
        <td style="border-bottom: 1pt solid rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; width: 8%;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">Exhibit&#160;No.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
            </font></div>
        </td>
        <td style="width: 92%; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">Description</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">4.1*</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Specimen Common Share certificate.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">4.2*</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Articles of Incorporation of the Registrant.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex5-1.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">5.1</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex5-1.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Opinion of Borden Ladner Gervais, LLP.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.1</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Borden Ladner Gervais, LLP (included in Exhibit&#160;5.1 to this Registration Statement).</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-2.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.2</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-2.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Deloitte&#160;LLP.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-3.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.3</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-3.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Deloitte&#160;LLP.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-4.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.4</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-4.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Michael Wafforn.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-5.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.5</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-5.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Michael Steinmann.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-6.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.6</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-6.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Pamela De Mark.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-7.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.7</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-7.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Americo Delgado.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-8.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.8</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-8.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Christopher Emerson.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">24.1</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Power of Attorney (included on page 8 of this Registration Statement).</font></div>
        </td>
      </tr>

  </table>
  <div><br>
  </div>
  <div>
    <hr style="height: 2px; width: 10%; color: #000000; background-color: #000000; text-align: left; margin-left: 0px; margin-right: auto; border: none;" align="left" noshade="noshade"></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">* Previously filed with the Registrant&#8217;s Registration Statement on Form&#160;S-8, filed with the Commission on March&#160;6, 2008, and incorporated herein by
      reference.</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 9.&#160; &#160; &#160;&#160;&#160;&#160;&#160; Undertakings.</font></div>
  <div style="text-align: left; text-indent: -36pt; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned Registrant hereby undertakes:</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To file, during any period in which offers or sales are being made, a post-effective amendment to this registration
      statement to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</font></div>
  <div style="text-align: left; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be
      deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-style:
        italic;">bona fide</font> offering thereof; and</font></div>
  <div style="text-align: left; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To remove from registration by means of a post-effective amendment any of the securities being registered which remain
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  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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  <div><br>
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  <div><br>
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  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned Registrant hereby undertakes that, for purposes
      of determining any liability under the Securities Act, each filing of the Registrant&#8217;s annual report pursuant to Section&#160;13(a)&#160;or Section&#160;15(d)&#160;of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report
      pursuant to Section&#160;15(d)&#160;of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that
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  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Insofar as indemnification for liabilities arising under the
      Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against
      public policy as expressed in the Securities Act and is, therefore, unenforceable.&#160; In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer
      or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the
      opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be
      governed by the final adjudication of such issue.</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">SIGNATURES</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it
      meets all of the requirements for filing on Form&#160;S-8 and has duly caused this Registration Statement on Form&#160;S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Vancouver, Province of British Columbia, Canada,
      on February 22, 2019.</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z7e236fe158ac437abd52f9921e21ed48" border="0" cellpadding="0" cellspacing="0">

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          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td colspan="3" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">PAN AMERICAN SILVER CORP.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.99%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 3%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td colspan="2" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.99%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top; white-space: nowrap; width: 3%;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">By:&#160;&#160;&#160; <br>
            </font></div>
        </td>
        <td colspan="2" style="vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: left; text-indent: -10pt; margin-left: 30pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Michael Steinmann</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.99%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 3%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top; white-space: nowrap; width: 4%;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Name:&#160;&#160;&#160; <br>
            </font></div>
        </td>
        <td style="width: 39.74%; vertical-align: top; border-top: #000000 1.00pt solid;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Michael Steinmann</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.99%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 3%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 4%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Title:</font></div>
        </td>
        <td style="width: 39.74%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">President and Chief Executive Officer</font></div>
        </td>
      </tr>

  </table>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">POWER OF ATTORNEY</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Each person whose signature appears below authorizes Michael Steinmann and A. Robert Doyle as his attorney in fact and agent, with
      full power of substitution and resubstitution, to execute, in his name and on his behalf, in any and all capacities, this Registration Statement on Form&#160;S-8 and any amendment thereto (and any additional registration statement related thereto
      permitted by Rule&#160;462(b)&#160;promulgated under the Securities Act of 1933 (and all further amendments including post-effective amendments thereto)) necessary or advisable to enable the Registrant to comply with the Securities Act of 1933, and any rules,
      regulations and requirements of the Securities and Exchange Commission, in respect thereof, in connection with the registration of the securities which are the subject of such registration statement, which amendments may make such changes in such
      registration statement as such attorney may deem appropriate, and with full power and authority to perform and do any and all acts and things whatsoever which any such attorney or substitute may deem necessary or advisable to be performed or done in
      connection with any or all of the above-described matters, as fully as each of the undersigned could do if personally present and acting, hereby ratifying and approving all acts of any such attorney or substitute.</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by or on behalf of the
      following persons in the capacities indicated, on February 22, 2019.</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z2d3df74950f241c8b48e0235bc52f13d" border="0" cellpadding="0" cellspacing="0">

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        <td style="width: 49%; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">Signature</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt; font-weight: bold;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">Title</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Michael Steinmann</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Michael Steinmann</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">President and Chief Executive Officer, Director</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(Principal Executive Officer)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ A. Robert Doyle</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">A. Robert Doyle</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Chief Financial Officer</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(Principal Financial Officer)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Ross J. Beaty</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Ross J. Beaty</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Chairman of the Board of Directors</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Michael Carroll</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Michael Carroll</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Director</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Neil de Gelder</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Neil de Gelder</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Director</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ David C. Press</font></div>
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        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
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      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Director</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Walter T. Segsworth</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Walter T. Segsworth</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Director</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Gillian D. Winckler</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
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        </td>
      </tr>
      <tr>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="width: 49%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Director</font></div>
        </td>
      </tr>

  </table>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">AUTHORIZED REPRESENTATIVE</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Pursuant to the requirements of the Securities Act of 1933, the undersigned certifies that it is the duly authorized United States
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  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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      <tr>
        <td style="width: 49.84%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td colspan="2" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">PAN AMERICAN MINERALS INC.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.84%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td colspan="2" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(Authorized U.S. Representative)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.84%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 3%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 46.66%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.84%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 3%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 46.66%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.84%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top; white-space: nowrap; width: 3%;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">By:&#160;&#160; <br>
            </font></div>
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        <td style="width: 46.66%; vertical-align: top; border-bottom: #000000 1.00pt solid;">
          <div style="text-align: left; text-indent: -10pt; margin-left: 20pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Michael Steinmann</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.84%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td colspan="2" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Name: Michael Steinmann</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 49.84%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
        </td>
        <td colspan="2" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Title: President</font></div>
        </td>
      </tr>

  </table>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">EXHIBIT&#160;INDEX</font></div>
  <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
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      <tr>
        <td style="border-bottom: 1pt solid rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; width: 8%;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">Exhibit&#160;No.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
            </font></div>
        </td>
        <td style="width: 92%; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">Description</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">4.1*</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Specimen Common Share certificate.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">4.2*</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Articles of Incorporation of the Registrant.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex5-1.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">5.1</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex5-1.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Opinion of Borden Ladner Gervais, LLP.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.1</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Borden Ladner Gervais, LLP (included in Exhibit&#160;5.1 to this Registration Statement).</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-2.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.2</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-2.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Deloitte&#160;LLP.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-3.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.3</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-3.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Deloitte&#160;LLP.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-4.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.4</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-4.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Michael Wafforn.</font></a></div>
        </td>
      </tr>
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        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-5.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.5</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-5.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Michael Steinmann.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-6.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.6</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-6.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Pamela De Mark.</font></a></div>
        </td>
      </tr>
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        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-7.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.7</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-7.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Americo Delgado.</font></a></div>
        </td>
      </tr>
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        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-8.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">23.8</font></a></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex23-8.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent of Christopher Emerson.</font></a></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">24.1</font></div>
        </td>
        <td style="width: 92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Power of Attorney (included on page 8 of this Registration Statement).</font></div>
        </td>
      </tr>

  </table>
  <div style="text-align: left; text-indent: -72pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
  <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;">
    <hr style="height: 2px; width: 10%; color: #000000; background-color: #000000; text-align: left; margin-left: 0px; margin-right: auto; border: none;" align="left" noshade="noshade"> </div>
  <div style="text-align: left; text-indent: -9pt; margin-left: 9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">* Previously filed with the Registrant&#8217;s Registration Statement on Form&#160;S-8, filed with the Commission on March&#160;6,
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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
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    <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; font-weight: 400;"> <br>
    </div>
    <div style="text-align: right; font-family: &quot;Times New Roman&quot;,serif; font-size: 11pt; font-weight: bold;">Exhibit 5.1</div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">February 22, 2019</font></div>
    <div style="text-align: left;"><br>
    </div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Pan American Silver Corp.</font></div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">1500 &#8211; 925 Howe Street</font></div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Vancouver, BC</font></div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">V6C 2T6</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Dear Sirs/Mesdames:</font></div>
    <div style="text-align: center;"><br>
    </div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Pan American Silver Corp.</font></div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Registration Statement on Form S-8</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">We have acted as Canadian counsel to Pan American Silver Corp., a British Columbia company (the &#8220;<font style="font-family: 'Times
          New Roman', serif; font-size: 10pt; font-weight: bold;">Company</font>&#8221;), in connection with the filing, on or about the date hereof, with the United States Securities and Exchange Commission of a Registration Statement (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Registration Statement</font>&#8221;) on Form S-8 under the United States Securities Act of 1933, as amended (the &#8220;<font style="font-family: 'Times New Roman', serif;
          font-size: 10pt; font-weight: bold;">Act</font>&#8221;).</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The purpose of the Registration Statement is to register a total of 823,164 common shares in the capital of the Company (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Option Shares</font>&#8221;), which are issuable pursuant to the exercise of stock options (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;
          font-weight: bold;">Options</font>&#8221;) granted by the Company in connection with its acquisition of Tahoe Resources Inc. (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Tahoe</font>&#8221;) by way of plan of
        arrangement (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Plan of Arrangement</font>&#8221;) and governed by the terms of Tahoe&#8217;s Amended and Restated Share Option and Incentive Share Plan (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Option</font>&#160;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Plan</font>&#8221;).</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">We have examined originals or copies, certified or otherwise identified to our satisfaction, of the Notice of Articles and Articles
        of the Company and resolutions of the directors of the Company with respect to the matters referred to herein.&#160; We have also examined documents relating to the Plan of Arrangement and such certificates of public officials, officers of the Company,
        corporate records and other documents as we have deemed necessary as a basis for the opinion expressed below.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">We have assumed the legal capacity of all individuals, the genuineness of all signatures, the authenticity of all documents
        submitted to us as originals and the conformity to authentic original documents of all documents submitted to us as certified, conformed, photostatic or facsimile copies.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Our opinions herein are limited to the laws of British Columbia and the federal laws of Canada applicable therein.&#160; We assume no
        obligation to update or supplement such opinions to reflect any facts or circumstances that may hereafter come to our attention or any changes in law that my hereafter occur.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Based upon and subject to the foregoing, we are of the opinion that upon the valid exercise of Options duly issued under the Plan of
        Arrangement and governed by the terms of the Option Plan, and upon receipt of payment in full for the Option Shares in respect of which such Options have been exercised, the Option Shares will be validly issued as fully paid and non-assessable
        common shares in the capital of the Company.</font></div>
    <div><br>
    </div>
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    </div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Consent is hereby given to the use of our name in the Registration Statement and to the filing, as an exhibit to the Registration
        Statement, of this opinion.&#160; In giving such consent, we do not admit that we come within the category of persons whose consent is required under Section&#160;7 of the Act.</font></div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="ze55ab233ed21453bbb024fa219c5c644" cellpadding="0" cellspacing="0">

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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</font></div>
          </td>
          <td style="width: 23.4%; vertical-align: top;">&#160;</td>
          <td style="width: 43.26%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Yours truly,</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.34%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </td>
          <td style="width: 23.4%; vertical-align: top;">&#160;</td>
          <td style="width: 43.26%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</font></div>
          </td>
        </tr>
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          <td style="width: 33.34%; vertical-align: top;">&#160;</td>
          <td style="width: 23.4%; vertical-align: top;">&#160;</td>
          <td style="width: 43.26%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Borden Ladner Gervais LLP</font></div>
          </td>
        </tr>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>3
<FILENAME>ex23-2.htm
<DESCRIPTION>EXHIBIT 23.2
<TEXT>
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    <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; font-weight: 400;"> <br>
    </div>
    <div style="text-align: right; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Exhibit 23.2</div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">We consent to the incorporation by reference in this Registration Statement on Form&#160;S-8 of our reports relating to the
        consolidated financial statements of Pan American Silver Corp. and subsidiaries (the &#8220;Company&#8221;) and the effectiveness of the Company&#8217;s internal control over financial reporting dated March 22, 2018, appearing in the Annual Report on Form&#160;40-F of
        Pan American Silver Corp. for the year ended December&#160;31, 2017.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">/s/ Deloitte LLP</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Chartered Professional Accountants</font></div>
    <div style="text-align: left; text-indent: -18pt; margin-left: 18pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Vancouver, Canada</font></div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">February 22, 2019</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.3
<SEQUENCE>4
<FILENAME>ex23-3.htm
<DESCRIPTION>EXHIBIT 23.3
<TEXT>
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    <div><br>
    </div>
    <div style="text-align: right; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Exhibit 23.3</div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">We consent to the incorporation by reference in this Registration Statement on Form&#160;S-8 of our reports relating to the consolidated financial
        statements of Tahoe Resources Inc. and subsidiaries and the effectiveness of Tahoe Resources Inc. and subsidiaries&#8217; internal control over financial reporting dated February 22, 2018 appearing in the Annual Report on Form&#160;40-F of Tahoe Resources
        Inc. for the year ended December&#160;31, 2017 and incorporated by reference in the Current Report on Form 6-K of Pan American Silver Corp. filed on December 6, 2018.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">/s/ Deloitte LLP</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Chartered Professional Accountants</font></div>
    <div style="text-align: left; text-indent: -18pt; margin-left: 18pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Vancouver, Canada</font></div>
    <div style="text-align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">February 22, 2019</font></div>
    <div><br>
    </div>
    <div><br>
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<DOCUMENT>
<TYPE>EX-23.4
<SEQUENCE>5
<FILENAME>ex23-4.htm
<DESCRIPTION>EXHIBIT 23.4
<TEXT>
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    <div><br>
    </div>
    <div style="text-align: right; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Exhibit 23.4</div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">CONSENT OF MARTIN WAFFORN, P. ENG.</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zd519f1bb311745169a462cd7e17fd0f7" border="0" cellpadding="0" cellspacing="0">

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          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">To:</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">United States Securities and Exchange Commission</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; white-space: nowrap; width: 5%;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Re:&#160;&#160;&#160;&#160;&#160; <br>
              </font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Expert Consent for Registration Statement on Form S-8</font></div>
          </td>
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Technical reports entitled:</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="ze3740980f8c340d6ad06c9f07d5cbf85" border="0" cellpadding="0" cellspacing="0">

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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">1.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Manantial-Espejo Project Canadian Standard NI 43-101, Santa Cruz Province, Argentina&#8221; dated March 2006 relating to the Manantial Espejo
                property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">2.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Feasibility Study Volume I &#8211; NI 43-101 Technical Report for Alamo Dorado Project, Alamos, Sonora, Mexico&#8221; dated March 31, 2005 relating to
                the Alamo Dorado property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">3.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the San Vincente Property, Potosi Bolivia&#8221; dated effective December 31, 2014 relating to the San Vincente property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">4.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Pan American Silver Corp. Navidad Project, Chubut Province, Argentina: Preliminary Assessment&#8221; dated January 14, 2011 relating to the
                Navidad property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">5.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report &#8211; Preliminary Economic Analysis for the Expansion of the La Colorada Mine, Zacatecas, Mexico&#8221; dated effective December 31,
                2013 relating to the La Colorada property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">6.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Dolores Property, Chihuahua, Mexico&#8221; dated effective December 31, 2016 relating to the Dolores property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">7.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Huaron Property, Pasco, Peru&#8221; dated effective June 30, 2014 relating to the Huaron property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">8.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Morococha Property, Yauli, Peru&#8221; dated effective June 30, 2014 relating to the Morococha property; and</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">9.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Joaquin Property, Santa Cruz, Argentina - Pre-feasibility Study&#8221; dated effective November 30, 2017 relating to the
                Joaquin property.</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(collectively, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Technical Reports</font>&#8221;) were
        prepared for Pan American Silver Corp. (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Corporation</font>&#8221;) in accordance with National Instrument 43-101 &#8211; <font style="font-family: 'Times New Roman',
          serif; font-size: 10pt; font-style: italic;">Standards of Disclosure for Mineral Projects</font> by Martin Wafforn, P. Eng., in whole or in part, and filed with applicable securities regulatory authorities.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby consent to the written disclosure of the Technical Reports and the extracts from, or summary of, or references to the
        Technical Reports and other scientific and technical information relating solely to the Corporation by the Corporation in the annual information form of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif;
          font-size: 10pt; font-weight: bold;">AIF</font>") and in the Annual Report on Form 40-F of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">40-F</font>"), which
        is incorporated by reference in the Registration Statement on Form S-8 of the Corporation, dated February 22, 2019.&#160; The undersigned does also hereby consent to the reference to my name in the AIF and the 40-F.</font></div>
    <div><br>
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        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby confirm that I have read the AIF and the 40-F and have no reason to believe that there are any misrepresentations in the
        information contained in the AIF or the 40-F that are (a) derived from the Technical Reports; or (b) within my knowledge as a result of the services I performed in connection with the Technical Reports.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Dated this 22 of February, 2019.</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z92c7da40b058432f8473d7acae76f163" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 0.5pt solid rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Martin Wafforn</font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-top: 0.5pt solid rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Martin Wafforn, P. Eng.</font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.5
<SEQUENCE>6
<FILENAME>ex23-5.htm
<DESCRIPTION>EXHIBIT 23.5
<TEXT>
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  <div>
    <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; font-weight: 400;"> <br>
    </div>
    <div style="text-align: right; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Exhibit 23.5</div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">CONSENT OF MICHAEL STEINMANN, P. GEO.</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z500a55ff51ea436983c4fa7eb856de5c" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">To:</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">United States Securities and Exchange Commission</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Re:</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Expert Consent for Registration Statement on Form S-8</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"> <br>
      </font></div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Technical reports entitled:</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z1931c2a1152c4145b513c09ad2e52e0b" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">1.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Manantial-Espejo Project Canadian Standard NI 43-101, Santa Cruz Province, Argentina&#8221; dated March 2006 relating to the Manantial Espejo
                property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">2.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Feasibility Study Volume I &#8211; NI 43-101 Technical Report for Alamo Dorado Project, Alamos, Sonora, Mexico&#8221; dated March 31, 2005 relating to
                the Alamo Dorado property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">3.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the San Vincente Property, Potosi Bolivia&#8221; dated effective December 31, 2014 relating to the San Vincente property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">4.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Pan American Silver Corp. Navidad Project, Chubut Province, Argentina: Preliminary Assessment&#8221; dated January 14, 2011 related to the
                Navidad property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">5.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report &#8211; Preliminary Economic Analysis for the Expansion of the La Colorada Mine, Zacatecas, Mexico&#8221; dated effective December 31,
                2013 relating to the La Colorada property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">6.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Huaron Property, Pasco, Peru&#8221; dated effective June 30, 2014 relating to the Huaron property; and</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">7.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Morococha Property, Yauli, Peru&#8221; dated effective June 30, 2014 relating to the Morococha property.</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(collectively, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Technical Reports</font>&#8221;) were
        prepared for Pan American Silver Corp. (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Corporation</font>&#8221;) in accordance with National Instrument 43-101 &#8211; <font style="font-family: 'Times New Roman',
          serif; font-size: 10pt; font-style: italic;">Standards of Disclosure for Mineral Projects</font> by Michael Steinmann, P. Geo., in whole or in part, and filed with applicable securities regulatory authorities.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby consent to the written disclosure of the Technical Reports and the extracts from, or summary of, or references to the
        Technical Reports and other scientific and technical information relating solely to the Corporation by the Corporation in the annual information form of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif;
          font-size: 10pt; font-weight: bold;">AIF</font>") and in the Annual Report on Form 40-F of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">40-F</font>"), which
        is incorporated by reference in the Registration Statement on Form S-8 of the Corporation, dated February 22, 2019.&#160; The undersigned does also hereby consent to the reference to my name in the AIF and the 40-F.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter"></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby confirm that I have read the AIF and the 40-F and have no reason to believe that there are any misrepresentations in the
        information contained in the AIF or the 40-F that are (a) derived from the Technical Reports; or (b) within my knowledge as a result of the services I performed in connection with the Technical Reports.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Dated this 22 of February, 2019.</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z82ba5994e4374f3ba2c4b7a82bc07a2d" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 0.5pt solid rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Michael Steinmann</font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-top: 0.5pt solid rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Michael Steinmann, P. Geo.</font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.6
<SEQUENCE>7
<FILENAME>ex23-6.htm
<DESCRIPTION>EXHIBIT 23.6
<TEXT>
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    <title></title>
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  <div>
    <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; font-weight: 400;"> <br>
    </div>
    <div style="text-align: right; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Exhibit 23.6</div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">CONSENT OF PAMELA DE MARK, P. GEO., BAPPSC (APP GEO, HONS), MAUSIMM</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zbce82162edfd49938679f140f9115259" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">To:</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">United States Securities and Exchange Commission</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Re:</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Expert Consent for Registration Statement on Form S-8</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"> <br>
      </font></div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">A technical report &#8220;Pan American Silver Corp. Navidad Project, Chubut Province, Argentina: Preliminary Assessment&#8221; and dated effective January 14,
        2011, (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Technical Report</font>&#8221;) was prepared for Pan American Silver Corp. (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;
          font-weight: bold;">Corporation</font>&#8221;) in accordance with National Instrument 43-101 &#8211; <font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-style: italic;">Standards of Disclosure for Mineral Projects</font> by Pamela De
        Mark, P. Geo. BAppSc (App Geo, Hons), MAusIMM, in whole or in part, and filed with applicable securities regulatory authorities.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby consent to the written disclosure of the Technical Reports and the extracts from, or summary of, or references to the
        Technical Reports and other scientific and technical information relating solely to the Corporation by the Corporation in the annual information form of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif;
          font-size: 10pt; font-weight: bold;">AIF</font>") and in the Annual Report on Form 40-F of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">40-F</font>"), which
        is incorporated by reference in the Registration Statement on Form S-8 of the Corporation, dated February 22, 2019.&#160; The undersigned does also hereby consent to the reference to my name in the AIF and the 40-F.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby confirm that I have read the AIF and the 40-F and have no reason to believe that there are any misrepresentations in the
        information contained in the AIF or the 40-F that are (a) derived from the Technical Reports; or (b) within my knowledge as a result of the services I performed in connection with the Technical Reports.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Dated this 22 of February, 2019.</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zd9110fef4cfb4194a6892dae620279c6" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 0.5pt solid rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Pamela De Mark</font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="border-top: 0.5pt solid #000000; vertical-align: top; white-space: nowrap; width: 30%; text-align: left;">
            <div><font style="font-family: &quot;Times New Roman&quot;,serif; font-size: 10pt; font-weight: bold;">Pamela De Mark,</font></div>
            <div><font style="font-family: &quot;Times New Roman&quot;,serif; font-size: 10pt; font-weight: bold;">P. Geo., BAppSc (App Geo, Hons), MAusIMM</font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.7
<SEQUENCE>8
<FILENAME>ex23-7.htm
<DESCRIPTION>EXHIBIT 23.7
<TEXT>
<html>
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    <title></title>
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<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;" bgcolor="#ffffff" text="#000000">
  <div>
    <div style="text-align: left; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; font-weight: 400;"> <br>
    </div>
    <div style="text-align: right; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Exhibit 23.7</div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">CONSENT OF AMERICO DELGADO, P. ENG.</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z832b36e3c6fe4554a3bbfdec80ed0af4" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">To:</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">United States Securities and Exchange Commission</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Re:</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Expert Consent for Registration Statement on Form S-8</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"> <br>
      </font></div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Technical reports entitled:</font></div>
    <font style="font-family: 'Times New Roman', serif; font-size: 10pt;"></font>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zb0965eb52ddf4374b16f2a8b543a8126" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;">1.</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Dolores Property, Chihuahua, Mexico&#8221; dated effective December 31, 2016 relating to the Dolores property;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">2.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Huaron Property, Pasco, Peru&#8221; dated effective June 30, 2014 relating to the Huaron property;</font></div>
          </td>
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          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
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          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">3.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Morococha Property, Yauli, Peru&#8221; dated effective June 30, 2014 relating to the Morococha property;</font></div>
          </td>
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        <tr>
          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
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          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">4.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the San Vincente Property, Potosi Bolivia&#8221; dated effective December 31, 2014 relating to the San Vincente property;
                and</font></div>
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          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">5.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Joaquin Property, Santa Cruz, Argentina - Pre-feasibility Study&#8221; dated effective November 30, 2017 relating to the
                Joaquin property.</font></div>
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    </div>
    <font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(collectively, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Technical Reports</font>&#8221;) were prepared for Pan American Silver Corp.
      (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Corporation</font>&#8221;) in accordance with National Instrument 43-101 &#8211; <font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-style:
        italic;">Standards of Disclosure for Mineral Projects</font> by Americo Delgado, P. Eng., in whole or in part, and filed with applicable securities regulatory authorities.</font>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby consent to the written disclosure of the Technical Reports and the extracts from, or summary of, or references to the
        Technical Reports and other scientific and technical information relating solely to the Corporation by the Corporation in the annual information form of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif;
          font-size: 10pt; font-weight: bold;">AIF</font>") and in the Annual Report on Form 40-F of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">40-F</font>"), which
        is incorporated by reference in the Registration Statement on Form S-8 of the Corporation, dated February 22, 2019.&#160; The undersigned does also hereby consent to the reference to my name in the AIF and the 40-F.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby confirm that I have read the AIF and the 40-F and have no reason to believe that there are any misrepresentations in the
        information contained in the AIF or the 40-F that are (a) derived from the Technical Reports; or (b) within my knowledge as a result of the services I performed in connection with the Technical Reports.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Dated this 22 of February, 2019.</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z11ef542112a04569a6c65dd245d22883" border="0" cellpadding="0" cellspacing="0">

        <tr>
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            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Americo Delgado</font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
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            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Americo Delgado, P. Eng.</font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>

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<DOCUMENT>
<TYPE>EX-23.8
<SEQUENCE>9
<FILENAME>ex23-8.htm
<DESCRIPTION>EXHIBIT 23.8
<TEXT>
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    <div style="text-align: right; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Exhibit 23.8</div>
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    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">CONSENT OF CHRISTOPHER EMERSON, FAusIMM.</font></div>
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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">To:</font></div>
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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">United States Securities and Exchange Commission</font></div>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">&#160;</td>
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            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Re:</font></div>
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          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Expert Consent for Registration Statement on Form S-8</font></div>
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    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"> <br>
      </font></div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Technical reports entitled:</font></div>
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    </div>
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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">1.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Joaquin Property, Santa Cruz, Argentina - Pre-feasibility Study dated effective November 30, 2017 relating to the
                Joaquin property; and</font></div>
          </td>
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          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 95%; vertical-align: middle;">&#160;</td>
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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">2.</font></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#8220;Technical Report for the Dolores Property, Chihuahua, Mexico&#8221; and dated effective December 31, 2016 relating to the Dolores property.</font></div>
          </td>
        </tr>

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    <div style="padding-left: 31pt;">
      <div><br>
      </div>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(collectively, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Technical Reports</font>&#8221;) were
        prepared for Pan American Silver Corp. (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Corporation</font>&#8221;) in accordance with National Instrument 43-101 &#8211; <font style="font-family: 'Times New Roman',
          serif; font-size: 10pt; font-style: italic;">Standards of Disclosure for Mineral Projects</font> by Christopher Emerson, FAusIMM, in whole or in part, and filed with applicable securities regulatory authorities.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby consent to the written disclosure of the Technical Reports and the extracts from, or summary of, or references to the
        Technical Reports and other scientific and technical information relating solely to the Corporation by the Corporation in the annual information form of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif;
          font-size: 10pt; font-weight: bold;">AIF</font>") and in the Annual Report on Form 40-F of the Corporation, dated March 22, 2018 (the "<font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">40-F</font>"), which
        is incorporated by reference in the Registration Statement on Form S-8 of the Corporation, dated February 22, 2019.&#160; The undersigned does also hereby consent to the reference to my name in the AIF and the 40-F.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned does hereby confirm that I have read the AIF and the 40-F and have no reason to believe that there are any misrepresentations in the
        information contained in the AIF or the 40-F that are (a) derived from the Technical Reports; or (b) within my knowledge as a result of the services I performed in connection with the Technical Reports.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Dated this 22 of February, 2019.</font></div>
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            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ <font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-style: italic;">&#8220;Christopher Emerson&#8221;</font></font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
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          <td style="width: 30%; vertical-align: top; border-top: 0.5pt solid rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Christopher Emerson, FAusIMM.</font></div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
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