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 9.17 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$3.82M. The average tenure of the management team and the board of directors is 5.2 years and 3.1 years respectively.
Key information
Michael Steinmann
Chief executive officer
US$7.1m
Total compensation
| CEO salary percentage | 15.1% |
| CEO tenure | 9.2yrs |
| CEO ownership | 0.04% |
| Management average tenure | 5.2yrs |
| Board average tenure | 3.1yrs |
Recent management updates
Recent updates
Optimistic Investors Push Pan American Silver Corp. (TSE:PAAS) Shares Up 26% But Growth Is Lacking
Apr 04
A Look At The Fair Value Of Pan American Silver Corp. (TSE:PAAS)
Mar 22Take Care Before Diving Into The Deep End On Pan American Silver Corp. (TSE:PAAS)
Feb 07An Intrinsic Calculation For Pan American Silver Corp. (TSE:PAAS) Suggests It's 35% Undervalued
Sep 07Pan American Silver (TSE:PAAS) Has A Pretty Healthy Balance Sheet
Aug 11Is Pan American Silver (TSE:PAAS) Using Too Much Debt?
May 13Estimating The Intrinsic Value Of Pan American Silver Corp. (TSE:PAAS)
Apr 17Analysts' Revenue Estimates For Pan American Silver Corp. (TSE:PAAS) Are Surging Higher
Jan 31Analysts Just Made A Major Revision To Their Pan American Silver Corp. (TSE:PAAS) Revenue Forecasts
Dec 13Pan American Silver Corp.'s (TSE:PAAS) Intrinsic Value Is Potentially 92% Above Its Share Price
Dec 07Pan American Silver (TSE:PAAS) Has Announced That Its Dividend Will Be Reduced To $0.10
Nov 13Estimating The Fair Value Of Pan American Silver Corp. (TSE:PAAS)
Sep 05Does Pan American Silver (TSE:PAAS) Have A Healthy Balance Sheet?
Jul 01Calculating The Fair Value Of Pan American Silver Corp. (TSE:PAAS)
Jun 01We Think Pan American Silver (TSE:PAAS) Can Manage Its Debt With Ease
Feb 15If You Like EPS Growth Then Check Out Pan American Silver (TSE:PAAS) Before It's Too Late
Jan 06Pan American Silver Corp.'s (TSE:PAAS) Intrinsic Value Is Potentially 39% Above Its Share Price
Dec 24We Think Pan American Silver (TSE:PAAS) Can Manage Its Debt With Ease
Nov 14Do Pan American Silver's (TSE:PAAS) Earnings Warrant Your Attention?
Oct 02Is Pan American Silver Corp. (TSE:PAAS) Trading At A 27% Discount?
Sep 17Pan American Silver (TSE:PAAS) Has A Rock Solid Balance Sheet
Aug 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$7m | US$1m | -US$104m |
| Sep 30 2023 | n/a | n/a | -US$225m |
| Jun 30 2023 | n/a | n/a | -US$275m |
| Mar 31 2023 | n/a | n/a | -US$402m |
| Dec 31 2022 | US$4m | US$950k | -US$342m |
| Sep 30 2022 | n/a | n/a | -US$155m |
| Jun 30 2022 | n/a | n/a | -US$63m |
| Mar 31 2022 | n/a | n/a | US$182m |
| Dec 31 2021 | US$4m | US$969k | US$97m |
| Sep 30 2021 | n/a | n/a | US$252m |
| Jun 30 2021 | n/a | n/a | US$298m |
| Mar 31 2021 | n/a | n/a | US$247m |
| Dec 31 2020 | US$4m | US$804k | US$178m |
| Sep 30 2020 | n/a | n/a | US$61m |
| Jun 30 2020 | n/a | n/a | US$33m |
| Mar 31 2020 | n/a | n/a | US$31m |
| Dec 31 2019 | US$4m | US$739k | US$111m |
| Sep 30 2019 | n/a | n/a | -US$5m |
| Jun 30 2019 | n/a | n/a | -US$52m |
| Mar 31 2019 | n/a | n/a | -US$34m |
| Dec 31 2018 | US$3m | US$659k | US$10m |
| Sep 30 2018 | n/a | n/a | US$123m |
| Jun 30 2018 | n/a | n/a | US$150m |
| Mar 31 2018 | n/a | n/a | US$149m |
| Dec 31 2017 | US$3m | US$716k | US$121m |
Compensation vs Market: Michael's total compensation ($USD7.12M) is above average for companies of similar size in the Canadian market ($USD4.40M).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
CEO
Michael Steinmann (57 yo)
9.2yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.2yrs | US$7.12m | 0.040% $ 3.8m | |
| Chief Financial Officer | 2.1yrs | US$1.63m | 0.0035% $ 337.7k | |
| Chief Operating Officer | 15.9yrs | US$3.08m | 0.034% $ 3.3m | |
| Chief Legal and Human Resources Officer & General Counsel | 6.7yrs | US$2.41m | 0.0066% $ 627.7k | |
| Senior Vice President of Strategic Initiatives | 5.2yrs | US$1.78m | 0.014% $ 1.3m | |
| Senior Vice President of Technical Services & Process Optimization | 7.7yrs | no data | 0.011% $ 1.1m | |
| Vice President of Investor Relations & Corporate Communications | no data | no data | 0.0021% $ 196.5k | |
| Senior Vice President of Project Development | 12.3yrs | no data | no data | |
| Senior VP of Finance & IT | 2.3yrs | no data | 0.0046% $ 437.8k | |
| Senior Vice President of Corporate Affairs & Sustainability | 4.6yrs | no data | no data | |
| Senior Vice President of Business Development | 1.3yrs | no data | 0.0032% $ 306.2k | |
| Senior Vice President of Operations & Projects | no data | no data | no data |
5.2yrs
Average Tenure
60yo
Average Age
Experienced Management: PAAS's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.3yrs | US$7.12m | 0.040% $ 3.8m | |
| Independent Director | less than a year | US$116.67k | 0.0014% $ 131.6k | |
| Independent Director | 5.2yrs | US$155.84k | 0.0047% $ 446.4k | |
| Lead Independent Director | 14.9yrs | US$238.33k | 0.0085% $ 807.9k | |
| Independent Director | 3.3yrs | US$229.33k | 0.00094% $ 89.7k | |
| Independent Director | less than a year | US$116.67k | 0.00046% $ 43.9k | |
| Independent Director | 11.8yrs | US$153.26k | 0.012% $ 1.2m | |
| Chairman Emeritus | 2.9yrs | US$167.19k | no data | |
| Independent Director | less than a year | US$166.83k | 0.0021% $ 199.4k | |
| Independent Director | 2.9yrs | US$230.42k | 0.00082% $ 78.2k | |
| Independent Chairman | 7.9yrs | US$295.00k | 0.0068% $ 648.6k | |
| Independent Director | less than a year | US$120.17k | no data |
3.1yrs
Average Tenure
67yo
Average Age
Experienced Board: PAAS's board of directors are considered experienced (3.1 years average tenure).