Pan American Silver Corp.

SWX:PAAS Stock Report

Market Cap: CHF 15.2b

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 11.42 years. total yearly compensation is $10.79M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth CHF3.88M. The average tenure of the management team and the board of directors is 4.4 years and 5.2 years respectively.

Key information

Michael Steinmann

Chief executive officer

US$10.8m

Total compensation

CEO salary percentage10.55%
CEO tenure11.4yrs
CEO ownership0.03%
Management average tenure4.4yrs
Board average tenure5.2yrs

Recent management updates

No updates

Recent updates

No updates

CEO Compensation Analysis

How has Michael Steinmann's remuneration changed compared to Pan American Silver's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$1b

Dec 31 2025US$11mUS$1m

US$978m

Sep 30 2025n/an/a

US$635m

Jun 30 2025n/an/a

US$523m

Mar 31 2025n/an/a

US$312m

Dec 31 2024US$8mUS$1m

US$112m

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

Compensation vs Market: Michael's total compensation ($USD10.79M) is above average for companies of similar size in the Swiss market ($USD5.96M).

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

CEO

Michael Steinmann (60 yo)

11.4yrs
Tenure
US$10,788,750
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 is Independent Directo...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Steinmann
President11.4yrsUS$10.79m0.026%
CHF 3.9m
Ignacio Couturier
Chief Financial Officer4.3yrsUS$2.28m0.0032%
CHF 487.2k
Scott Campbell
Chief Operating Officerless than a yearUS$2.43m0.00029%
CHF 44.0k
Christopher Lemon
Chief Legal Officer & General Counsel8.9yrsUS$2.46m0.0024%
CHF 364.3k
Siren Fisekci
Vice President of Investor Relations & Corporate Communicationsno datano data0.0019%
CHF 283.8k
Ibtissam Drier
Senior Vice President of Business Development & Human Resourcesless than a yearno data0.0030%
CHF 453.8k
Christopher Emerson
Senior Vice President of Exploration & Geology3.3yrsno data0.0027%
CHF 414.4k
Brent G. Bergeron
Senior Vice President of Corporate Affairs & Sustainability6.8yrsno data0.00016%
CHF 24.3k
Delaney Fisher
Senior VP4.5yrsno data0.0052%
CHF 795.4k
Al Mainville
Country Manager of Canadano datano datano data
Eric Lachapelle
Director of Operations of Canadano datano datano data
4.4yrs
Average Tenure

Experienced Management: PAAS's management team is considered experienced (4.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Steinmann
President10.5yrsUS$10.79m0.026%
CHF 3.9m
Charles Jeannes
Independent Director7.4yrsUS$228.99k0.0040%
CHF 613.2k
John Begeman
Independent Director3.2yrsUS$224.10k0.00040%
CHF 60.7k
Neil de Gelder
Independent Director14yrsUS$230.10k0.0095%
CHF 1.4m
Ross Beaty
Chairman Emeritus5.2yrsUS$167.19kno data
Pablo Marcet
Independent Directorless than a yearUS$150.00kno data
Chantal Gosselin
Independent Director3.2yrsUS$211.01k0.0019%
CHF 291.4k
Ignacio Jose Romero
Independent Non-Executive Directorless than a yearno datano data
Jennifer Maki
Independent Director5.2yrsUS$229.49k0.00071%
CHF 107.8k
Gillian Winckler
Independent Chairman10.2yrsUS$308.09k0.0037%
CHF 566.2k
Kimberly Keating
Independent Director3.2yrsUS$207.10k0.00028%
CHF 42.5k
5.2yrs
Average Tenure
63yo
Average Age

Experienced Board: PAAS's board of directors are considered experienced (5.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 06:38
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

Analysis Model and Snowflake

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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 Github.

Analyst Sources

Pan American Silver Corp. is covered by 23 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew MurphyBMO Capital Markets Equity Research
Kevin O'HalloranBMO Capital Markets Equity Research
Lawson WinderBofA Global Research