MAG Silver Management

Management criteria checks 3/4

MAG Silver's CEO is George Paspalas, appointed in Oct 2013, has a tenure of 10.5 years. total yearly compensation is $1.59M, comprised of 29.7% salary and 70.3% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth CA$3.00M. The average tenure of the management team and the board of directors is 3.3 years and 4.2 years respectively.

Key information

George Paspalas

Chief executive officer

US$1.6m

Total compensation

CEO salary percentage	29.7%
CEO tenure	10.5yrs
CEO ownership	0.2%
Management average tenure	3.3yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Paspalas's remuneration changed compared to MAG Silver's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$49m
Sep 30 2023	n/a	n/a	US$32m
Jun 30 2023	n/a	n/a	US$32m
Mar 31 2023	n/a	n/a	US$20m
Dec 31 2022	US$2m	US$473k	US$18m
Sep 30 2022	n/a	n/a	US$27m
Jun 30 2022	n/a	n/a	US$17m
Mar 31 2022	n/a	n/a	US$12m
Dec 31 2021	US$924k	US$476k	US$6m
Sep 30 2021	n/a	n/a	US$4m
Jun 30 2021	n/a	n/a	US$6m
Mar 31 2021	n/a	n/a	US$4m
Dec 31 2020	US$2m	US$468k	-US$7m
Sep 30 2020	n/a	n/a	-US$15m
Jun 30 2020	n/a	n/a	-US$17m
Mar 31 2020	n/a	n/a	-US$19m
Dec 31 2019	US$2m	US$445k	-US$4m
Sep 30 2019	n/a	n/a	-US$7m
Jun 30 2019	n/a	n/a	-US$5m
Mar 31 2019	n/a	n/a	-US$6m
Dec 31 2018	US$1m	US$411k	-US$6m
Sep 30 2018	n/a	n/a	-US$6m
Jun 30 2018	n/a	n/a	-US$7m
Mar 31 2018	n/a	n/a	-US$6m
Dec 31 2017	US$1m	US$437k	-US$6m

Compensation vs Market: George's total compensation ($USD1.59M) is about average for companies of similar size in the Canadian market ($USD2.24M).

Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.

CEO

George Paspalas (60 yo)

10.5yrs

Tenure

US$1,592,190

Compensation

Mr. George N. Paspalas, B.E. (Chem.), Acc Dir, is an Independent Director at Kinross Gold Corp. since January 01, 2024. He has been the Chief Executive Officer and President of MAG Silver Corp. since Octob...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Paspalas	President	10.5yrs	US$1.59m	0.17% $ 3.0m
Fausto Trapani	Chief Financial Officer	1.9yrs	US$1.39m	0.032% $ 556.9k
Michael Curlook	Vice President of Investor Relations & Communications	11.1yrs	US$362.72k	0.10% $ 1.8m
Peter Kenneth Megaw	Chief Exploration Officer	9.8yrs	US$921.33k	0.34% $ 5.8m
W. Mallory	Chief Sustainability Officer	2.5yrs	US$739.14k	0.0029% $ 50.0k
Marc Turcotte	Chief Development Officer	less than a year	no data	no data
Jill Neff	VP of Governance & Corporate Secretary	3.3yrs	no data	0.0087% $ 150.2k

3.3yrs

Average Tenure

60yo

Average Age

Experienced Management: MAG's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Paspalas	President	10.5yrs	US$1.59m	0.17% $ 3.0m
Peter Barnes	Independent Chairman of the Board	11.5yrs	US$177.23k	0.10% $ 1.8m
Daniel MacInnis	Independent Director	19.2yrs	US$115.36k	0.15% $ 2.5m
Selma Lussenburg	Independent Director	4.2yrs	US$115.44k	0.0041% $ 71.0k
Dale Peniuk	Independent Director	2.7yrs	US$171.69k	0.00097% $ 16.7k
Timothy Baker	Independent Director	3.1yrs	US$125.55k	0.0079% $ 135.3k
Susan Mathieu	Independent Director	3.3yrs	US$116.32k	0.0090% $ 154.9k
Jill Leversage	Independent Director	9.3yrs	US$125.55k	0.014% $ 238.7k
Thomas Peregoodoff	Independent Director	less than a year	no data	0.00058% $ 10.0k

4.2yrs

Average Tenure

66yo

Average Age

Experienced Board: MAG's board of directors are considered experienced (4.2 years average tenure).

MAG Silver Management

Management criteria checks 3/4

Key information

Recent management updates

Chief Exploration Officer exercised options and sold CA$223k worth of stock

MAG Silver Corp. Announces Board Changes

Chief Exploration Officer exercised options and sold CA$736k worth of stock

Insider exercised options and sold CA$121k worth of stock

Insider recently sold CA$1.4m worth of stock

President recently sold CA$251k worth of stock

Recent updates

Chief Exploration Officer exercised options and sold CA$223k worth of stock

Investor sentiment improves as stock rises 17%

MAG Silver Corp. Announces Robust Updated Technical Report for Juanicipio

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

MAG Silver Corp. Announces Board Changes

MAG Silver Corp. to Report Q3, 2023 Results on Nov 10, 2023

Investor sentiment improves as stock rises 15%

Consensus revenue estimates fall by 43%

Mag Silver Corp. Drills Three New Silver, Gold and Copper Zones At Deer Trail

MAG Silver Corp. to Report Q2, 2023 Results on Aug 07, 2023

MAG Silver Corp. Announces That Commercial Production Has Been Achieved At the Juanicipio Project

Chief Exploration Officer exercised options and sold CA$736k worth of stock

MAG Silver Corp. announced that it has received CAD 23.024438 million in funding

Consensus revenue estimates increase by 25%, EPS downgraded

Now 20% undervalued

MAG Silver Corp. announced that it expects to receive CAD 20.02125 million in funding

MAG Silver Corp. Discovers “Carissa” Zone At Deer Trail

MAG Silver Corp. Reports on the Juanicipio Project

Insider exercised options and sold CA$121k worth of stock

Insider recently sold CA$1.4m worth of stock

Consensus EPS estimates fall by 14%

Consensus forecasts updated

Mag Silver Corp. Reports Third Quarter Metal Production from the Juanicipio Project

Investor sentiment improved over the past week

President recently sold CA$251k worth of stock

Consensus forecasts updated

Consensus forecasts updated

Consensus forecasts updated

Independent Director recently bought CA$54k worth of stock

Independent Director recently bought CA$64k worth of stock

Consensus forecasts updated

Corporate Secretary exercised options to buy CA$95k worth of stock.

Consensus revenue estimates increase by 82%

MAG Silver Corp. (TSX:MAG) completed the acquisition of Gatling Exploration Inc. (TSXV:GTR) from Sprott Asset Management LP and others.

Consensus forecasts updated

MAG Silver Corp., Annual General Meeting, Jun 22, 2022

Chief Financial Officer recently sold CA$425k worth of stock

Consensus forecasts updated

MAG Silver Corp. Announces Chief Financial Officer Changes, Effective May 20, 2022

MAG Silver Corp. Reports Fourth Quarter Production of Underground Development and Stope Material from Juanicipio Project

Fresnillo plc and MAG Silver Corp. Provides Juanicipio Commissioning Update

Independent Director recently bought CA$132k worth of stock

Chief Financial Officer exercised options and sold CA$261k worth of stock

MAG Silver Corp. Reports Successful Phase 1 Deer Trail Drilling Results

High number of new directors

MAG Silver Corp. Reports 2020 Juanicipio Drill Results 110 Holes (39,700 Meters)

Independent Director Derek White has left the company

Independent Director recently sold CA$143k worth of stock

Independent Director recently sold CA$555k worth of stock

President recently sold CA$156k worth of stock

Chief Financial Officer exercised options and sold CA$75k worth of stock

Independent Director has left the company

Companies Like MAG Silver (TSE:MAG) Can Afford To Invest In Growth

MAG Silver Corp. Announces the Appointment of Jill Neff as Corporate Secretary

MAG Silver Corp. Announces Appointment of Susan Mathieu as a Director

Have Insiders Sold MAG Silver Corp. (TSE:MAG) Shares Recently?

Independent Director recently sold CA$708k worth of stock

We're Not Worried About MAG Silver's (TSE:MAG) Cash Burn

New 90-day high: CA$26.39

President exercised options to buy CA$294k worth of stock.

Chief Financial Officer recently sold CA$359k worth of stock

Who Has Been Selling MAG Silver Corp. (TSE:MAG) Shares?

New 90-day high: CA$25.47

President recently sold CA$292k worth of stock

New 90-day high: CA$24.15

Chief Financial Officer recently sold CA$280k worth of stock

MAG Silver Corp. has completed a Follow-on Equity Offering in the amount of $49.979373 million.

New 90-day high - CA$23.74