Pan American Silver Corp.

NYSE:PAAS Rapport sur les actions

Capitalisation boursière : US$20.0b

Pan American Silver Gestion

Gestion contrôle des critères 3/4

Le PDG Pan American Silver est Michael Steinmann, nommé en Feb2015, a un mandat de 11.33 ans. La rémunération annuelle totale est $ 10.79M, composée du salaire de 10.6% et des bonus 89.4%, y compris les actions et options de la société. détient directement 0.026% des actions de la société, d'une valeur de $ 5.11M. La durée moyenne de mandat de l'équipe de direction et du conseil d'administration est respectivement 5.6 ans et 5.1 ans.

Informations clés

Michael Steinmann

Directeur général

US$10.8m

Rémunération totale

Pourcentage du salaire du PDG10.55%
Durée du mandat du directeur général11.3yrs
Propriété du PDG0.03%
Durée moyenne d'occupation des postes de direction5.6yrs
Durée moyenne du mandat des membres du conseil d'administration5.1yrs

Mises à jour récentes de la gestion

Recent updates

Seeking Alpha • Apr 07

Pan American Silver: What To Expect In Extreme Market Volatility

Summary Despite the wicked sell-off in silver and gold this year, Pan American Silver continued to benefit from significantly higher prices in Q1 versus Q4 FY25. Today I'll take a fresh look at the company, including excellent exploration results at the world-class 100% owned La Colorada mine in Mexico. I'll also present commentary on the company's 2026 guidance and review Q1 earnings estimates (the Q1 report is due out May 5th, after the market closes). I maintain my STRONG BUY rating on PAAS, but I caution investors to take advantage of extreme market volatility and to only add to positions on significant sell-offs. Read the full article on Seeking Alpha
Seeking Alpha • Apr 28

Pan American Silver: Flying High, But Stuck In A Holding Pattern - With Escobal In View

Summary Pan American Silver (PAAS) is rated "Hold" due to expected declines in both silver and gold production in 2025, despite recent price surges. PAAS's gold production has increased since acquiring Yamana Gold's assets, but 2025 production is projected to be 10% - 17% lower than last year. Silver production is also expected to decline, with La Colorada and Huaron being the only operations with a positive outlook for 2025. PAAS's current valuation is higher than its peers, making it less attractive for long-term investment, but it offers short-term trading opportunities. Read the full article on Seeking Alpha
Seeking Alpha • Apr 07

Pan American Silver: Another Record Year On Deck

Summary Pan American had a decent 2024, reporting significant growth in free cash flow and a return to a net cash position, offset by a slight miss on its guidance midpoint. While the company had a solid 2024, it faces a production cliff in 2028 if it can't extend mine lives at a few of its assets and/or bring Escobal online. On a positive note, Pan American stands out as a company focused on per-share growth, unlike most of its silver peers & trades at a reasonable valuation. In this update, we'll dig into the Q4 and FY2024 results, recent developments, and whether the stock is offering an adequate margin of safety at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Jan 22

Secular Silver Shortfall Could Keep Prices Higher For Longer For Pan American Silver

Summary Pan American Silver is a top silver producer, benefiting from the Yamana acquisition, asset divestitures, and strong metal markets, making it a solid buy. Management focuses on aggressive deleveraging, maintaining a $0.40 annual dividend, and authorized share repurchases, appealing to income investors seeking silver exposure with gold stability. La Colorada mine improvements and La Colorada Skarn project potential significantly boost silver production, while Jacobina mine enhances gold output, supporting long-term growth. Strong financials with record cash position, zero net debt, and potential variable dividend in 2025, driven by high silver and gold prices and industrial demand. Read the full article on Seeking Alpha
Seeking Alpha • Dec 16

Pan American Silver: One Of The Better Options For Silver Exposure

Summary Pan American Q3-24 production was below expectations, impacted by lower grades at Cerro Moro. Fortunately, higher metal prices boosted financial results, achieving record revenue of $716.1 million and significant cash flow generation. Unfortunately, while 2024 has been strong financially, the company has tough comps on deck in 2025 with significantly lower gold production in 2025. In this update we'll dig into the Q3-24 results, recent developments, and whether the stock is offering enough margin of safety for new investment at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Nov 12

Pan American Silver: Production Growth Visibility Amid Upside In Precious Metals

Summary Initiating coverage on Pan American Silver with a "Buy" rating and a 24-month investment horizon due to attractive valuation and potential growth from higher precious metal prices. Strong fundamentals with a $1.22 billion liquidity buffer, healthy free cash flow, and significant production growth catalysts like Escobal and La Colorada Skarn support the bullish outlook. Risks include potential delays in Escobal mining resumption, but overall financial health and favorable precious metal price trends mitigate concerns, supporting a positive investment thesis. Read the full article on Seeking Alpha
Seeking Alpha • Sep 30

Pan American Silver: Positioned For Growth Amid Higher Gold, Silver Prices

Summary Pan American Silver is one of the largest silver miners in the world and its shares have appreciated over 30% YTD. Despite Q2 production challenges, revenue increased by 7.3% due to higher metal prices, setting up a strong second half of 2024. The company's diversified portfolio and solid balance sheet, combined with potential catalysts like the Escobal mine reopening, support a positive outlook. Trading below its net asset value and only slightly above peers' EV/EBITDA multiple, Pan American Silver shares have significant upside potential, earning a buy rating. Read the full article on Seeking Alpha
Seeking Alpha • Sep 20

Pan American Silver: Better Outlook For H2, But Almost Everything Is Already Priced In

Summary Pan American Silver is rated as a hold due to limited further price increases in silver and rising all-in sustaining costs. PAAS's AISC increased by nearly 20% in Q2. Silver production fell by 8.82% in Q2, but management's 2024 production targets are still achievable, potentially improving AISC and profit margins. Expected Q3 revenue is $774.64 million, translating to $0.32 per share; current valuation implies a P/E of almost 16, making it fairly priced. Read the full article on Seeking Alpha
Seeking Alpha • Aug 14

Pan American Silver: A Stronger H2 On Deck

Summary Pan American Silver Corp. had a mediocre quarter in Q2 with solid performances from Huaron, San Vicente, El Penon and Jacobina overshadowed by softness at La Colorada/Cerro Moro. The result was a significant spike in AISC in Q2 2024 to ~$19/oz, but record gold prices still allowed for significant free cash flow generation in Q2. Meanwhile, although Q2 2024 certainly had its challenges, H2 2024 is shaping up to be much stronger with a weaker MXN/USD, higher gold/silver prices and higher production. In this update, we'll dig into the Q3 2024 results, recent developments, and where the stock's updated low-risk buy zone lies. Read the full article on Seeking Alpha
Seeking Alpha • Aug 07

Pan American Silver: Solid Production Trends, But Shares Near Fair Value

Summary Silver and gold had strong starts to 2024, but price action has turned mixed as global volatility ticks up across financial markets. Pan American Silver reported solid Q1 results in May, and all eyes are now on the Q2 report after a healthy mid-year update in June. I see the stock as near its intrinsic value while PAAS' technical chart sends mixed signals. The options market prices in a 5% earnings related move heading into the Wednesday night Q2 report. Read the full article on Seeking Alpha
Seeking Alpha • May 28

Pan American Silver: Significant Margin Expansion On Deck In Q2

Summary Pan American Silver had a decent Q1 despite it being the weakest quarter of the year, with silver production set to progressively improve throughout the year. Meanwhile, although silver segment margins dipped year-over-year, this did not factor in the recent silver price rise, with AISC margins set to soar in Q2 & improve further in Q3/Q4. In this update, we'll dig into the Q1 results, recent developments, and what makes Pan American one of the more attractive ways to get silver exposure. Read the full article on Seeking Alpha

Analyse de la rémunération des PDG

Comment la rémunération de Michael Steinmann a-t-elle évolué par rapport aux bénéfices de Pan American Silver?
DateRémunération totaleSalaireBénéfices de l'entreprise
Mar 31 2026n/an/a

US$1b

Dec 31 2025US$11mUS$1m

US$978m

Sep 30 2025n/an/a

US$635m

Jun 30 2025n/an/a

US$523m

Mar 31 2025n/an/a

US$312m

Dec 31 2024US$8mUS$1m

US$112m

Sep 30 2024n/an/a

-US$64m

Jun 30 2024n/an/a

-US$140m

Mar 31 2024n/an/a

-US$151m

Dec 31 2023US$7mUS$1m

-US$104m

Sep 30 2023n/an/a

-US$208m

Jun 30 2023n/an/a

-US$260m

Mar 31 2023n/an/a

-US$402m

Dec 31 2022US$4mUS$950k

-US$342m

Sep 30 2022n/an/a

-US$155m

Jun 30 2022n/an/a

-US$63m

Mar 31 2022n/an/a

US$182m

Dec 31 2021US$4mUS$969k

US$97m

Sep 30 2021n/an/a

US$252m

Jun 30 2021n/an/a

US$298m

Mar 31 2021n/an/a

US$247m

Dec 31 2020US$4mUS$804k

US$178m

Sep 30 2020n/an/a

US$61m

Jun 30 2020n/an/a

US$33m

Mar 31 2020n/an/a

US$31m

Dec 31 2019US$4mUS$739k

US$111m

Rémunération vs marché: La rémunération totale de Michael ($USD 10.79M ) est dans la moyenne des entreprises de taille similaire sur le marché US ($USD 14.81M ).

Rémunération et revenus: La rémunération de Michael a augmenté de plus de 20 % au cours de l'année écoulée.

PDG

Michael Steinmann (60 yo)

11.3yrs
Titularisation
US$10,788,750
Compensation

Mr. Michael Steinmann, Ph D., P.Geo., has been the President of Pan American Silver Corp. since February 18, 2015 and its Chief Executive Officer since January 1, 2016. Mr. Steinmann is Independent Directo...

Équipe de direction

NomPositionTitularisationCompensationPropriété
Michael Steinmann
President11.3yrsUS$10.79m0.026%
$ 5.1m
Ignacio Couturier
Chief Financial Officer4.3yrsUS$2.28m0.0032%
$ 642.6k
Scott Campbell
Chief Operating Officerless than a yearUS$2.43m0.00029%
$ 58.1k
Christopher Lemon
Chief Legal Officer & General Counsel8.8yrsUS$2.46m0.0024%
$ 480.4k
Martin Wafforn
Senior Vice President of Technical Services & Process Optimization9.8yrspas de données0.0074%
$ 1.5m
Siren Fisekci
Vice President of Investor Relations & Corporate Communicationsno datapas de données0.0019%
$ 374.3k
Ibtissam Drier
Senior Vice President of Business Development & Human Resourcesless than a yearpas de données0.0030%
$ 598.5k
Sean McAleer
Senior Vice President of Corporate Affairs & Environment7.3yrsUS$1.69m0.0052%
$ 1.0m
Christopher Emerson
Senior Vice President of Exploration & Geology3.2yrspas de données0.0027%
$ 546.5k
Brent G. Bergeron
Senior Vice President of Corporate Affairs & Sustainability6.8yrspas de données0.00016%
$ 32.0k
Delaney Fisher
Senior VP4.4yrspas de données0.0052%
$ 1.0m
Al Mainville
Country Manager of Canadano datapas de donnéespas de données
5.6yrs
Durée moyenne de l'emploi
60yo
Âge moyen

Gestion expérimentée: L'équipe dirigeante de PAAS est chevronnée et expérimentée (5.6 années d'ancienneté moyenne).

Membres du conseil d'administration

NomPositionTitularisationCompensationPropriété
Michael Steinmann
President10.4yrsUS$10.79m0.026%
$ 5.1m
Charles Jeannes
Independent Director7.3yrsUS$228.99k0.0040%
$ 808.7k
John Begeman
Independent Director3.1yrsUS$224.10k0.00040%
$ 80.1k
Neil de Gelder
Independent Director13.9yrsUS$230.10k0.0095%
$ 1.9m
Ross Beaty
Chairman Emeritus5.1yrsUS$167.19kpas de données
Pablo Marcet
Independent Directorless than a yearUS$150.00kpas de données
Chantal Gosselin
Independent Director3.1yrsUS$211.01k0.0019%
$ 384.3k
Ignacio Jose Romero
Independent Non-Executive Directorless than a yearpas de donnéespas de données
Jennifer Maki
Independent Director5.1yrsUS$229.49k0.00071%
$ 142.1k
Gillian Winckler
Independent Chairman10.1yrsUS$308.09k0.0037%
$ 746.7k
Kimberly Keating
Independent Director3.1yrsUS$207.10k0.00028%
$ 56.0k
5.1yrs
Durée moyenne de l'emploi
63yo
Âge moyen

Conseil d'administration expérimenté: Les membres du conseil d'administration de PAAS sont considérés comme expérimentés (ancienneté moyenne 5.1 ans).

Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2026/06/08 04:09
Cours de l'action en fin de journée2026/06/05 00:00
Les revenus2026/03/31
Revenus annuels2025/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Pan American Silver Corp. est couverte par 23 analystes. 9 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
Matthew MurphyBMO Capital Markets Equity Research
Kevin O'HalloranBMO Capital Markets Equity Research
Lawson WinderBofA Global Research