Pan American Silver Corp.

NYSE:PAAS 株式レポート

時価総額：US$18.6b

Pan American Silver マネジメント

マネジメント 基準チェック /34

Pan American Silverの CEO はMichael Steinmannで、 Feb2015年に任命され、 の在任期間は 11.42年です。 の年間総報酬は$ 10.79Mで、 10.6%給与と89.4%のボーナス（会社の株式とオプションを含む）で構成されています。 は、会社の株式の0.026%を直接所有しており、その価値は$ 4.73M 。経営陣と取締役会の平均在任期間はそれぞれ4.4年と5.2年です。

主要情報

Michael Steinmann

最高経営責任者

US$10.8m

報酬総額

CEO給与比率10.55%
CEO在任期間11.4yrs
CEOの所有権0.03%
経営陣の平均在職期間4.4yrs
取締役会の平均在任期間5.2yrs

経営陣の近況

Recent updates

Seeking Alpha • Jun 27

Recent Selloff Could Provide Appealing Entry Point For Pan American Silver

Summary Pan American Silver is rated a buy, benefiting from surging silver prices, robust Q1 earnings, and a sector-low forward P/E near 10. PAAS achieved a dramatic reduction in all-in sustaining costs (AISC), reporting $6.63/oz in Q1 2026 versus $13.88/oz a year prior. The MAG Silver acquisition and underground mine portfolio have driven higher production and lower costs, positioning PAAS as a low-cost, diversified precious metals producer. PAAS targets a 35-40% free cash flow return to shareholders via dividends and $700M in buybacks, with further AISC guidance reductions likely after Q2. 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

CEO報酬分析

Pan American Silver の収益と比較して、Michael Steinmann の報酬はどのように変化したか？
日付総報酬給与会社業績
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

報酬と市場: Michaelの 総報酬 ($USD 10.79M ) は、 US市場 ($USD 14.63M ) の同様の規模の企業の平均とほぼ同じです。

報酬と収益: Michaelの報酬は過去 1 年間で 20% 以上増加しました。

CEO

Michael Steinmann (60 yo)

11.4yrs
在職期間
US$10,788,750
報酬

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...

リーダーシップ・チーム

名称ポジション在職期間報酬所有権
Michael Steinmann
President11.4yrsUS$10.79m0.026%
$ 4.7m
Ignacio Couturier
Chief Financial Officer4.3yrsUS$2.28m0.0032%
$ 595.6k
Scott Campbell
Chief Operating Officerless than a yearUS$2.43m0.00029%
$ 53.8k
Christopher Lemon
Chief Legal Officer & General Counsel8.9yrsUS$2.46m0.0024%
$ 445.3k
Siren Fisekci
Vice President of Investor Relations & Corporate Communicationsno dataデータなし0.0019%
$ 346.9k
Ibtissam Drier
Senior Vice President of Business Development & Human Resourcesless than a yearデータなし0.0030%
$ 554.7k
Christopher Emerson
Senior Vice President of Exploration & Geology3.3yrsデータなし0.0027%
$ 506.5k
Brent G. Bergeron
Senior Vice President of Corporate Affairs & Sustainability6.8yrsデータなし0.00016%
$ 29.7k
Delaney Fisher
Senior VP4.5yrsデータなし0.0052%
$ 972.2k
Al Mainville
Country Manager of Canadano dataデータなしデータなし
Eric Lachapelle
Director of Operations of Canadano dataデータなしデータなし
4.4yrs
平均在職期間

経験豊富な経営陣: PAASの経営陣は 経験豊富 であると考えられます ( 4.4年の平均在職年数)。

取締役

名称ポジション在職期間報酬所有権
Michael Steinmann
President10.5yrsUS$10.79m0.026%
$ 4.7m
Charles Jeannes
Independent Director7.4yrsUS$228.99k0.0040%
$ 749.5k
John Begeman
Independent Director3.2yrsUS$224.10k0.00040%
$ 74.2k
Neil de Gelder
Independent Director14yrsUS$230.10k0.0095%
$ 1.8m
Ross Beaty
Chairman Emeritus5.2yrsUS$167.19kデータなし
Pablo Marcet
Independent Directorless than a yearUS$150.00kデータなし
Chantal Gosselin
Independent Director3.2yrsUS$211.01k0.0019%
$ 356.2k
Ignacio Jose Romero
Independent Non-Executive Directorless than a yearデータなしデータなし
Jennifer Maki
Independent Director5.2yrsUS$229.49k0.00071%
$ 131.7k
Gillian Winckler
Independent Chairman10.2yrsUS$308.09k0.0037%
$ 692.0k
Kimberly Keating
Independent Director3.2yrsUS$207.10k0.00028%
$ 51.9k
5.2yrs
平均在職期間
63yo
平均年齢

経験豊富なボード: PAASの 取締役会 は 経験豊富 であると考えられます ( 5.2年の平均在任期間)。

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/07/27 18:32
終値2026/07/24 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Pan American Silver Corp. 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。24

アナリスト機関
Matthew MurphyBMO Capital Markets Equity Research
Kevin O'HalloranBMO Capital Markets Equity Research
Lawson WinderBofA Global Research