Pan American Silver Corp.

TSX:PAAS Stock Report

Market Cap: CA$10.6b

Pan American Silver Management

Management criteria checks 2/4

Pan American Silver's CEO is Michael Steinmann, appointed in Feb 2015, has a tenure of 9.92 years. total yearly compensation is $7.12M, comprised of 15.1% salary and 84.9% bonuses, including company stock and options. directly owns 0.04% of the company’s shares, worth CA$4.23M. The average tenure of the management team and the board of directors is 5.6 years and 3.9 years respectively.

Key information

Michael Steinmann

Chief executive officer

US$7.1m

Total compensation

CEO salary percentage15.1%
CEO tenure9.9yrs
CEO ownership0.04%
Management average tenure5.6yrs
Board average tenure3.9yrs

Recent management updates

Here's Why Shareholders May Want To Be Cautious With Increasing Pan American Silver Corp.'s (TSE:PAAS) CEO Pay Packet

May 02
Here's Why Shareholders May Want To Be Cautious With Increasing Pan American Silver Corp.'s (TSE:PAAS) CEO Pay Packet

Recent updates

Pinning Down Pan American Silver Corp.'s (TSE:PAAS) P/S Is Difficult Right Now

Dec 31
Pinning Down Pan American Silver Corp.'s (TSE:PAAS) P/S Is Difficult Right Now

We Think Pan American Silver (TSE:PAAS) Can Stay On Top Of Its Debt

Oct 29
We Think Pan American Silver (TSE:PAAS) Can Stay On Top Of Its Debt

Pan American Silver Corp. (TSE:PAAS) Investors Are Less Pessimistic Than Expected

Sep 04
Pan American Silver Corp. (TSE:PAAS) Investors Are Less Pessimistic Than Expected

Pan American Silver (TSE:PAAS) Seems To Use Debt Quite Sensibly

Jul 03
Pan American Silver (TSE:PAAS) Seems To Use Debt Quite Sensibly

Pan American Silver Corp. (TSE:PAAS) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

May 11
Pan American Silver Corp. (TSE:PAAS) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Here's Why Shareholders May Want To Be Cautious With Increasing Pan American Silver Corp.'s (TSE:PAAS) CEO Pay Packet

May 02
Here's Why Shareholders May Want To Be Cautious With Increasing Pan American Silver Corp.'s (TSE:PAAS) CEO Pay Packet

Optimistic Investors Push Pan American Silver Corp. (TSE:PAAS) Shares Up 26% But Growth Is Lacking

Apr 04
Optimistic Investors Push Pan American Silver Corp. (TSE:PAAS) Shares Up 26% But Growth Is Lacking

A Look At The Fair Value Of Pan American Silver Corp. (TSE:PAAS)

Mar 22
A Look At The Fair Value Of Pan American Silver Corp. (TSE:PAAS)

Take Care Before Diving Into The Deep End On Pan American Silver Corp. (TSE:PAAS)

Feb 07
Take Care Before Diving Into The Deep End On Pan American Silver Corp. (TSE:PAAS)

CEO Compensation Analysis

How has Michael Steinmann's remuneration changed compared to Pan American Silver's earnings?
DateTotal CompensationSalaryCompany Earnings
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

Sep 30 2019n/an/a

-US$5m

Jun 30 2019n/an/a

-US$52m

Mar 31 2019n/an/a

-US$34m

Dec 31 2018US$3mUS$659k

US$10m

Compensation vs Market: Michael's total compensation ($USD7.12M) is above average for companies of similar size in the Canadian market ($USD4.10M).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.

CEO

Michael Steinmann (58 yo)

9.9yrs

Tenure

US$7,117,286

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 served as Executive Vi...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Steinmann
President9.9yrsUS$7.12m0.040%
CA$ 4.2m
Ignacio Couturier
Chief Financial Officer2.8yrsUS$1.63m0.0035%
CA$ 374.1k
Steven Busby
Chief Operating Officer16.7yrsUS$3.08m0.033%
CA$ 3.5m
Christopher Lemon
Chief Legal and Human Resources Officer & General Counsel7.4yrsUS$2.41mno data
Sean McAleer
Senior Vice President of Strategic Initiatives5.9yrsUS$1.78m0.014%
CA$ 1.5m
Martin Wafforn
Senior Vice President of Technical Services & Process Optimization8.4yrsno data0.011%
CA$ 1.2m
Siren Fisekci
Vice President of Investor Relations & Corporate Communicationsno datano data0.0021%
CA$ 217.3k
Cameron Paterson
Senior VP of Finance & IT3yrsno data0.0046%
CA$ 484.3k
Brent G. Bergeron
Senior Vice President of Corporate Affairs & Sustainability5.3yrsno datano data
Ibtissam Drier
Senior Vice President of Business Development2yrsno data0.0032%
CA$ 339.1k
Scott Campbell
Senior Vice President of Operations & Projectsless than a yearno data0.0011%
CA$ 113.4k
Delaney Fisher
Senior VPno datano data0.0059%
CA$ 628.5k

5.6yrs

Average Tenure

61yo

Average Age

Experienced Management: PAAS's management team is seasoned and experienced (5.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Steinmann
President9yrsUS$7.12m0.040%
CA$ 4.2m
Charles Jeannes
Independent Director5.9yrsUS$232.08k0.0047%
CA$ 494.9k
Kathleen Sendall
Independent Director4.1yrsUS$229.33k0.00093%
CA$ 98.6k
John Begeman
Independent Director1.7yrsUS$116.67k0.00046%
CA$ 48.8k
Neil de Gelder
Independent Director12.5yrsUS$242.46k0.012%
CA$ 1.3m
Ross Beaty
Chairman Emeritus3.7yrsUS$167.19kno data
Chantal Gosselin
Independent Director1.7yrsUS$166.83k0.0021%
CA$ 221.5k
Jennifer Maki
Independent Director3.7yrsUS$230.42k0.00082%
CA$ 86.9k
Gillian Winckler
Independent Chairman8.7yrsUS$295.00k0.0060%
CA$ 631.6k
Kimberly Keating
Independent Director1.7yrsUS$120.17kno data

3.9yrs

Average Tenure

64yo

Average Age

Experienced Board: PAAS's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 23:09
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Pan American Silver Corp. is covered by 31 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
ANDREW KAIPBMO Capital Markets Equity Research
Lawson WinderBofA Global Research
Adam GrafB. Riley Securities, Inc.