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 9.92 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 $3.19M. 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 percentage | 15.1% |
| CEO tenure | 9.9yrs |
| CEO ownership | 0.04% |
| Management average tenure | 5.6yrs |
| Board average tenure | 3.9yrs |
Recent management updates
Recent updates
Pan American Silver: One Of The Better Options For Silver Exposure
Dec 16Pan American Silver: Production Growth Visibility Amid Upside In Precious Metals
Nov 12Pan American Silver: Positioned For Growth Amid Higher Gold, Silver Prices
Sep 30Pan American Silver: Better Outlook For H2, But Almost Everything Is Already Priced In
Sep 20Pan American Silver: A Stronger H2 On Deck
Aug 14Pan American Silver: Solid Production Trends, But Shares Near Fair Value
Aug 07Pan American Silver: Significant Margin Expansion On Deck In Q2
May 28Pan 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 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$64m |
| Jun 30 2024 | n/a | n/a | -US$140m |
| Mar 31 2024 | n/a | n/a | -US$151m |
| Dec 31 2023 | US$7m | US$1m | -US$104m |
| Sep 30 2023 | n/a | n/a | -US$208m |
| Jun 30 2023 | n/a | n/a | -US$260m |
| 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$10m |
Compensation vs Market: Michael's total compensation ($USD7.12M) is about average for companies of similar size in the US market ($USD7.84M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.9yrs | US$7.12m | 0.040% $ 3.2m | |
| Chief Financial Officer | 2.8yrs | US$1.63m | 0.0035% $ 282.2k | |
| Chief Operating Officer | 16.7yrs | US$3.08m | 0.033% $ 2.6m | |
| Chief Legal and Human Resources Officer & General Counsel | 7.4yrs | US$2.41m | no data | |
| Senior Vice President of Strategic Initiatives | 5.9yrs | US$1.78m | 0.014% $ 1.1m | |
| Senior Vice President of Technical Services & Process Optimization | 8.4yrs | no data | 0.011% $ 901.7k | |
| Vice President of Investor Relations & Corporate Communications | no data | no data | 0.0021% $ 163.9k | |
| Senior VP of Finance & IT | 3yrs | no data | 0.0046% $ 365.3k | |
| Senior Vice President of Corporate Affairs & Sustainability | 5.3yrs | no data | no data | |
| Senior Vice President of Business Development | 2yrs | no data | 0.0032% $ 255.8k | |
| Senior Vice President of Operations & Projects | less than a year | no data | 0.0011% $ 85.5k | |
| Senior VP | no data | no data | 0.0059% $ 474.0k |
5.6yrs
Average Tenure
61yo
Average Age
Experienced Management: PAAS's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9yrs | US$7.12m | 0.040% $ 3.2m | |
| Independent Director | 5.9yrs | US$232.08k | 0.0047% $ 373.3k | |
| Independent Director | 4.1yrs | US$229.33k | 0.00093% $ 74.3k | |
| Independent Director | 1.7yrs | US$116.67k | 0.00046% $ 36.8k | |
| Independent Director | 12.5yrs | US$242.46k | 0.012% $ 965.7k | |
| Chairman Emeritus | 3.7yrs | US$167.19k | no data | |
| Independent Director | 1.7yrs | US$166.83k | 0.0021% $ 167.1k | |
| Independent Director | 3.7yrs | US$230.42k | 0.00082% $ 65.6k | |
| Independent Chairman | 8.7yrs | US$295.00k | 0.0060% $ 476.4k | |
| Independent Director | 1.7yrs | US$120.17k | no 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 00:19 |
| End of Day Share Price | 2025/01/21 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* 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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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.
| Analyst | Institution |
|---|---|
| ANDREW KAIP | BMO Capital Markets Equity Research |
| Lawson Winder | BofA Global Research |
| Adam Graf | B. Riley Securities, Inc. |