Pan American Silver Corp.

NYSE:PAAS Stock Report

Market Cap: US$23.9b

Pan American Silver Management

Management criteria checks 4/4

Pan American Silver's CEO is Michael Steinmann, appointed in Feb 2015, has a tenure of 10.92 years. total yearly compensation is $8.42M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth $6.11M. The average tenure of the management team and the board of directors is 6.6 years and 4.7 years respectively.

Key information

Michael Steinmann

Chief executive officer

US$8.4m

Total compensation

CEO salary percentage12.46%
CEO tenure10.9yrs
CEO ownership0.03%
Management average tenure6.6yrs
Board average tenure4.7yrs

Recent management updates

Recent updates

Silver Is On The Move - And Pan American Silver Is One Of The Cleanest Ways To Play It

Dec 23

Pan American Silver: Flying High, But Stuck In A Holding Pattern - With Escobal In View

Apr 28

Pan American Silver: Another Record Year On Deck

Apr 07

Secular Silver Shortfall Could Keep Prices Higher For Longer For Pan American Silver

Jan 22

Pan American Silver: One Of The Better Options For Silver Exposure

Dec 16

Pan American Silver: Production Growth Visibility Amid Upside In Precious Metals

Nov 12

Pan American Silver: Positioned For Growth Amid Higher Gold, Silver Prices

Sep 30

Pan American Silver: Better Outlook For H2, But Almost Everything Is Already Priced In

Sep 20

Pan American Silver: A Stronger H2 On Deck

Aug 14

Pan American Silver: Solid Production Trends, But Shares Near Fair Value

Aug 07

Pan American Silver: Significant Margin Expansion On Deck In Q2

May 28

Pan American Silver: Has The Potential To Improve Performance Significantly

Apr 24

Pan American Silver: An Improved 2024 Margin Outlook

Mar 13

Pan American Silver: A Higher Cost Year On Deck

Feb 01

Pan American Silver: A Top Risk/Reward Leverage Idea On Precious Metals

Jan 13

Brutal Q3 For Pan American Silver: Traders On Alert

Nov 08

Pan American Silver Has Glittering Prospects With Asset Optimization

Oct 25

CEO Compensation Analysis

How has Michael Steinmann's remuneration changed compared to Pan American Silver's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

US$634m

Jun 30 2025n/an/a

US$522m

Mar 31 2025n/an/a

US$311m

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 ($USD8.42M) is below average for companies of similar size in the US market ($USD13.24M).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.

CEO

Michael Steinmann (59 yo)

10.9yrs
Tenure
US$8,416,530
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
President10.9yrsUS$8.42m0.025%
$ 6.1m
Ignacio Couturier
Chief Financial Officer3.8yrsUS$1.57m0.0032%
$ 767.3k
Christopher Lemon
Chief Legal Officer & General Counsel8.4yrsUS$2.01m0.0059%
$ 1.4m
Sean McAleer
Senior Vice President of Corporate Affairs & Environment6.9yrsUS$1.69m0.0054%
$ 1.3m
Scott Campbell
Chief Operating Officerno datano data0.00029%
$ 69.3k
Martin Wafforn
Senior Vice President of Technical Services & Process Optimization9.4yrsno data0.0097%
$ 2.3m
Siren Fisekci
Vice President of Investor Relations & Corporate Communicationsno datano data0.0019%
$ 447.0k
Ibtissam Drier
Senior Vice President of Business Development & Human Resources1yrno data0.0030%
$ 714.7k
Christopher Emerson
Senior Vice President of Exploration and Geology2.8yrsno data0.0039%
$ 934.6k
Brent G. Bergeron
Senior Vice President of Corporate Affairs & Sustainability6.3yrsno data0.00016%
$ 38.2k
Delaney Fisher
Senior VPno datano data0.0052%
$ 1.3m
6.6yrs
Average Tenure
59yo
Average Age

Experienced Management: PAAS's management team is seasoned and experienced (6.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Steinmann
President10yrsUS$8.42m0.025%
$ 6.1m
Charles Jeannes
Independent Director6.9yrsUS$220.00k0.0040%
$ 963.3k
Kathleen Sendall
Independent Director5.1yrsUS$217.00k0.00081%
$ 193.6k
John Begeman
Independent Director2.7yrsUS$209.92k0.00039%
$ 93.2k
Neil de Gelder
Independent Director13.5yrsUS$223.00k0.0097%
$ 2.3m
Ross Beaty
Chairman Emeritus4.7yrsUS$167.19kno data
Pablo Marcet
Directorless than a yearno datano data
Chantal Gosselin
Independent Director2.7yrsUS$206.00k0.0018%
$ 430.2k
Jennifer Maki
Independent Director4.7yrsUS$225.00k0.00071%
$ 169.7k
Gillian Winckler
Independent Chairman9.7yrsUS$300.00k0.0041%
$ 975.2k
Kimberly Keating
Independent Director2.7yrsUS$202.50k0.00028%
$ 66.9k
4.7yrs
Average Tenure
63yo
Average Age

Experienced Board: PAAS's board of directors are considered experienced (4.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/20 20:49
End of Day Share Price 2026/01/16 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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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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 Github.

Analyst Sources

Pan American 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.

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