First Majestic Silver Corp.

TSX:FR Stock Report

Market Cap: CA$2.1b

First Majestic Silver Management

Management criteria checks 3/4

First Majestic Silver's CEO is Keith Neumeyer, appointed in Sep 1979, has a tenure of 44.5 years. total yearly compensation is $4.03M, comprised of 31.3% salary and 68.7% bonuses, including company stock and options. directly owns 1.44% of the company’s shares, worth CA$29.95M. The average tenure of the management team and the board of directors is 4.7 years and 3 years respectively.

Key information

Keith Neumeyer

Chief executive officer

US$4.0m

Total compensation

CEO salary percentage31.3%
CEO tenure44.5yrs
CEO ownership1.4%
Management average tenure4.7yrs
Board average tenure3yrs

Recent management updates

Recent updates

Investors Still Aren't Entirely Convinced By First Majestic Silver Corp.'s (TSE:FR) Revenues Despite 27% Price Jump

Mar 15
Investors Still Aren't Entirely Convinced By First Majestic Silver Corp.'s (TSE:FR) Revenues Despite 27% Price Jump

First Majestic Silver Corp.'s (TSE:FR) Shareholders Might Be Looking For Exit

Dec 18
First Majestic Silver Corp.'s (TSE:FR) Shareholders Might Be Looking For Exit

Would First Majestic Silver (TSE:FR) Be Better Off With Less Debt?

Nov 09
Would First Majestic Silver (TSE:FR) Be Better Off With Less Debt?

We Think First Majestic Silver (TSE:FR) Has A Fair Chunk Of Debt

Jul 17
We Think First Majestic Silver (TSE:FR) Has A Fair Chunk Of Debt

First Majestic Silver Corp.'s (TSE:FR) Share Price Matching Investor Opinion

May 07
First Majestic Silver Corp.'s (TSE:FR) Share Price Matching Investor Opinion

We Think First Majestic Silver (TSE:FR) Is Taking Some Risk With Its Debt

Dec 09
We Think First Majestic Silver (TSE:FR) Is Taking Some Risk With Its Debt

These 4 Measures Indicate That First Majestic Silver (TSE:FR) Is Using Debt Extensively

Aug 08
These 4 Measures Indicate That First Majestic Silver (TSE:FR) Is Using Debt Extensively

Does First Majestic Silver (TSE:FR) Have A Healthy Balance Sheet?

May 09
Does First Majestic Silver (TSE:FR) Have A Healthy Balance Sheet?

CEO Compensation Analysis

How has Keith Neumeyer's remuneration changed compared to First Majestic Silver's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

-US$135m

Sep 30 2023n/an/a

-US$162m

Jun 30 2023n/an/a

-US$156m

Mar 31 2023n/an/a

-US$222m

Dec 31 2022US$4mUS$1m

-US$114m

Sep 30 2022n/an/a

-US$101m

Jun 30 2022n/an/a

-US$99m

Mar 31 2022n/an/a

US$507k

Dec 31 2021US$5mUS$1m

-US$5m

Sep 30 2021n/an/a

US$34m

Jun 30 2021n/an/a

US$83m

Mar 31 2021n/an/a

US$57m

Dec 31 2020US$3mUS$950k

US$23m

Sep 30 2020n/an/a

-US$51m

Jun 30 2020n/an/a

-US$74m

Mar 31 2020n/an/a

-US$76m

Dec 31 2019US$4mUS$950k

-US$40m

Sep 30 2019n/an/a

-US$165m

Jun 30 2019n/an/a

-US$168m

Mar 31 2019n/an/a

-US$196m

Dec 31 2018US$2mUS$900k

-US$204m

Sep 30 2018n/an/a

-US$96m

Jun 30 2018n/an/a

-US$103m

Mar 31 2018n/an/a

-US$62m

Dec 31 2017US$2mUS$900k

-US$53m

Compensation vs Market: Keith's total compensation ($USD4.03M) is above average for companies of similar size in the Canadian market ($USD2.15M).

Compensation vs Earnings: Keith's compensation has been consistent with company performance over the past year.


CEO

Keith Neumeyer (63 yo)

44.5yrs

Tenure

US$4,025,714

Compensation

Mr. Keith N. Neumeyer has been the Chief Executive Officer and President of First Majestic Resources Corp. since November 3, 2001. Mr. Neumeyer founded First Majestic Resources Corp. with the name Brandy R...


Leadership Team

NamePositionTenureCompensationOwnership
Keith Neumeyer
Founder44.5yrsUS$4.03m1.44%
$ 30.0m
David Soares
Chief Financial Officer2yrsUS$2.18m0.0033%
$ 68.4k
Steven Holmes
Chief Operating Officer4.1yrsUS$1.64m0.045%
$ 932.9k
Colin Bower
Vice President of Operations-Mexico2.8yrsUS$987.89k0.0072%
$ 150.1k
Gonzalo Mercado
Vice President of Exploration & Technical Servicesno datano data0.00061%
$ 12.7k
Sophie Hsia
General Counsel4.7yrsUS$815.05k0.0061%
$ 126.2k
Jill Arias
Vice President of Corporate Communications & Marketing19.4yrsno data0.044%
$ 905.4k
Todd Anthony
Vice President of Corporate Developmentno datano datano data
David Smith
Vice President of Human Resourcesno datano datano data
Connie Lillico
Corporate Secretary16.6yrsUS$707.74kno data
Karen Liu
Vice President of Treasuryno datano data0.010%
$ 215.9k

4.7yrs

Average Tenure

Experienced Management: FR's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Keith Neumeyer
Founder25.3yrsUS$4.03m1.44%
$ 30.0m
Thomas Fudge
Independent Chairman3.1yrsUS$346.14k0.0010%
$ 21.6k
Raymond Polman
Director1.8yrsUS$753.20k0.045%
$ 938.7k
Colette Rustad
Independent Director2.7yrsUS$221.15k0.00071%
$ 14.8k
Marjorie Co
Independent Director7yrsUS$219.22k0.0048%
$ 100.0k
Jean des Rivieres
Independent Director3yrsUS$214.42k0.0042%
$ 86.7k

3.0yrs

Average Tenure

63yo

Average Age

Experienced Board: FR's board of directors are considered experienced (3 years average tenure).


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