COMP <GO>

AGI vs PAAS // FORWARD P/E MULTIPLE

Alamos Gold Inc. (Class A) (NYSE) VS. Pan American Silver Corp. (NYSE) • 15-METRIC TALLY: AGI 1 — PAAS 5

▲ FORWARD P/E MULTIPLE LEADER: PAAS

LAST: $28.83 (-8.97%) • MKT CAP: $12.07B

forward-pe

30.5x

LAST: $40.75 (-2.86%) • MKT CAP: $16.90B

forward-pe

27.6x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AGI VS. PAAS) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AGI	PAAS	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	9.90%	0.00	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	21.0x	0.00	TIE	/valuation <GO>
Free Cash Flow Yield	2.21%	2.21%	0.00	TIE	/fcf-yield <GO>
Operating Margin	13.90%	13.90%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	10.90%	10.90%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	-4.40%	13.20%	-17.60	PAAS	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.74	3.74	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	8/9	-1.00	PAAS	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	38.5	41.3	-2.80	PAAS	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.15	0.95	+0.20	AGI	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	30.5x	27.6x	+2.90	PAAS	/forward-pe <GO>
Enterprise Scale & Market Cap	$12.07B	$16.90B	-$4.83B	PAAS	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AGI REV	PAAS REV	AGI GROSS %	PAAS GROSS %	AGI FCF	PAAS FCF
INSPECT INDIVIDUAL XBRL MODELS AT AGI FA <GO> AND PAAS FA <GO>.

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AGI // BETA 1.15

PAAS // BETA 0.95