MAG Silver Management
Management criteria checks 3/4
MAG Silver's CEO is George Paspalas, appointed in Oct 2013, has a tenure of 11.17 years. total yearly compensation is $1.92M, comprised of 26.3% salary and 73.7% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth CA$3.58M. The average tenure of the management team and the board of directors is 3.5 years and 4.4 years respectively.
Key information
George Paspalas
Chief executive officer
US$1.9m
Total compensation
| CEO salary percentage | 26.3% |
| CEO tenure | 11.2yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.5yrs |
| Board average tenure | 4.4yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$74m |
| Jun 30 2024 | n/a | n/a | US$61m |
| Mar 31 2024 | n/a | n/a | US$59m |
| Dec 31 2023 | US$2m | US$506k | 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$6m |
Compensation vs Market: George's total compensation ($USD1.92M) is about average for companies of similar size in the Canadian market ($USD2.15M).
Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.
CEO
George Paspalas (61 yo)
11.2yrs
Tenure
US$1,922,809
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 |
|---|---|---|---|---|
| President | 11.2yrs | US$1.92m | 0.17% CA$ 3.6m | |
| Chief Financial Officer | 2.6yrs | US$1.08m | 0.032% CA$ 663.0k | |
| Vice President of Investor Relations & Communications | 11.8yrs | US$394.86k | 0.10% CA$ 2.1m | |
| Chief Sustainability Officer | 3.2yrs | US$759.52k | 0.0029% CA$ 59.5k | |
| Chief Development Officer | less than a year | no data | no data | |
| Vice President of Exploration | no data | no data | no data | |
| VP of Governance & Corporate Secretary | 3.9yrs | no data | 0.0087% CA$ 178.8k |
3.5yrs
Average Tenure
Experienced Management: MAG's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.2yrs | US$1.92m | 0.17% CA$ 3.6m | |
| Independent Chairman of the Board | 12.2yrs | US$237.69k | 0.10% CA$ 2.1m | |
| Independent Director | 4.8yrs | US$175.45k | 0.0041% CA$ 84.4k | |
| Independent Director | 3.3yrs | US$175.45k | 0.00097% CA$ 19.9k | |
| Independent Director | 3.8yrs | US$184.88k | 0.0078% CA$ 160.9k | |
| Independent Director | 3.9yrs | US$175.43k | 0.0090% CA$ 184.5k | |
| Independent Director | 10yrs | US$184.88k | 0.014% CA$ 284.1k | |
| Independent Director | less than a year | no data | 0.0015% CA$ 31.8k |
4.4yrs
Average Tenure
66yo
Average Age
Experienced Board: MAG's board of directors are considered experienced (4.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:51 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
MAG Silver Corp. is covered by 27 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin O'Halloran | BMO Capital Markets Equity Research |
| Michael Fairbairn | Canaccord Genuity |
| Carey MacRury | Canaccord Genuity |