Pan American Silver Management
Management criteria checks 3/4
Pan American Silver's CEO is Michael Steinmann, appointed in Feb 2015, has a tenure of 9.25 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 $2.68M. The average tenure of the management team and the board of directors is 5.3 years and 3.2 years respectively.
Key information
Michael Steinmann
Chief executive officer
US$7.1m
Total compensation
CEO salary percentage | 15.1% |
CEO tenure | 9.3yrs |
CEO ownership | 0.04% |
Management average tenure | 5.3yrs |
Board average tenure | 3.2yrs |
Recent management updates
Recent updates
Pan American Silver: Has The Potential To Improve Performance Significantly
Apr 24Pan American Silver: An Improved 2024 Margin Outlook
Mar 13Pan American Silver: A Higher Cost Year On Deck
Feb 01Pan American Silver: A Top Risk/Reward Leverage Idea On Precious Metals
Jan 13Brutal Q3 For Pan American Silver: Traders On Alert
Nov 08Pan American Silver Has Glittering Prospects With Asset Optimization
Oct 25Pan American Silver: Growing Reserve Base, Improving Profitability, But High Operational Risk
Sep 19Pan American Silver: Significant Reserve Growth Following Yamana Acquisition
Aug 27Pan American Silver: A Better Q2 With Higher-Margin Yamana Assets
Aug 11Pan American Silver: An Elite Gold/Silver Producer
Jun 12Pan American Silver: Trading At A Deep Discount To Fair Value
Jun 01Pan American Silver: A Bigger Company Now
May 23Pan American Silver: Trading At Its Cheapest Levels Since March 2020
Sep 19Pan American Silver: Further Weakness Should Provide A Buying Opportunity
Aug 08Pan American Silver: A Sector Leader Being Thrown Out With The Bathwater
May 12Pan American Silver: Waiting For The Escobal Mine To Reopen
Apr 04Pan American Silver: Leverage To Silver At A Reasonable Price
Mar 03Pan American Silver: Further Weakness Should Present A Buying Opportunity
Jan 24Pan American Silver: Entering The New Year At A Reasonable Valuation
Jan 03Pan American Silver: A Better H2 Ahead
Oct 18Pan American Silver: The Recent Selloff Is An Opportunity
Aug 12CEO 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 about average for companies of similar size in the US market ($USD8.39M).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
CEO
Michael Steinmann (57 yo)
9.3yrs
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 | 9.3yrs | US$7.12m | 0.040% $ 2.7m | |
Chief Financial Officer | 2.2yrs | US$1.63m | 0.0035% $ 237.3k | |
Chief Operating Officer | 16yrs | US$3.08m | 0.034% $ 2.3m | |
Chief Legal and Human Resources Officer & General Counsel | 6.8yrs | US$2.41m | 0.0066% $ 441.1k | |
Senior Vice President of Strategic Initiatives | 5.3yrs | US$1.78m | 0.014% $ 927.7k | |
Senior Vice President of Technical Services & Process Optimization | 7.8yrs | no data | 0.011% $ 758.8k | |
Vice President of Investor Relations & Corporate Communications | no data | no data | 0.0021% $ 138.1k | |
Senior Vice President of Project Development | 12.3yrs | no data | no data | |
Senior VP of Finance & IT | 2.3yrs | no data | 0.0046% $ 307.7k | |
Senior Vice President of Corporate Affairs & Sustainability | 4.7yrs | no data | no data | |
Senior Vice President of Business Development | 1.3yrs | no data | 0.0032% $ 215.2k | |
Senior Vice President of Operations & Projects | less than a year | no data | 0.0011% $ 71.7k |
5.3yrs
Average Tenure
60yo
Average Age
Experienced Management: PAAS's management team is seasoned and experienced (5.3 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 8.3yrs | US$7.12m | 0.040% $ 2.7m | |
Independent Director | less than a year | US$116.67k | 0.0014% $ 92.5k | |
Independent Director | 5.3yrs | US$155.84k | 0.0047% $ 313.7k | |
Lead Independent Director | 15yrs | US$238.33k | 0.0085% $ 567.8k | |
Independent Director | 3.4yrs | US$229.33k | 0.00094% $ 63.0k | |
Independent Director | less than a year | US$116.67k | 0.00046% $ 30.8k | |
Independent Director | 11.8yrs | US$153.26k | 0.012% $ 812.4k | |
Chairman Emeritus | 3yrs | US$167.19k | no data | |
Independent Director | less than a year | US$166.83k | 0.0021% $ 140.1k | |
Independent Director | 3yrs | US$230.42k | 0.00082% $ 55.0k | |
Independent Chairman | 8yrs | US$295.00k | 0.0068% $ 455.8k | |
Independent Director | less than a year | US$120.17k | no data |
3.2yrs
Average Tenure
67yo
Average Age
Experienced Board: PAAS's board of directors are considered experienced (3.2 years average tenure).