McEwen Mining Management

Management criteria checks 3/4

McEwen Mining's CEO is Rob McEwen, appointed in Aug 2005, has a tenure of 18.67 years. total yearly compensation is $3.59K, comprised of 0.03% salary and 100% bonuses, including company stock and options. directly owns 16.63% of the company’s shares, worth €94.09M. The average tenure of the management team and the board of directors is 4.8 years and 2.6 years respectively.

Key information

Rob McEwen

Chief executive officer

US$3.6k

Total compensation

CEO salary percentage	0.03%
CEO tenure	18.7yrs
CEO ownership	16.6%
Management average tenure	4.8yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rob McEwen's remuneration changed compared to McEwen Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$55m
Sep 30 2023	n/a	n/a	-US$121m
Jun 30 2023	n/a	n/a	-US$113m
Mar 31 2023	n/a	n/a	-US$103m
Dec 31 2022	US$4k	US$1	-US$81m
Sep 30 2022	n/a	n/a	-US$65m
Jun 30 2022	n/a	n/a	-US$71m
Mar 31 2022	n/a	n/a	-US$65m
Dec 31 2021	US$4k	US$1	-US$57m
Sep 30 2021	n/a	n/a	-US$59m
Jun 30 2021	n/a	n/a	-US$52m
Mar 31 2021	n/a	n/a	-US$66m
Dec 31 2020	US$207k	US$1	-US$152m
Sep 30 2020	n/a	n/a	-US$154m
Jun 30 2020	n/a	n/a	-US$156m
Mar 31 2020	n/a	n/a	-US$149m
Dec 31 2019	US$3k	US$1	-US$60m
Sep 30 2019	n/a	n/a	-US$56m
Jun 30 2019	n/a	n/a	-US$57m
Mar 31 2019	n/a	n/a	-US$50m
Dec 31 2018	US$4k	US$1	-US$45m
Sep 30 2018	n/a	n/a	-US$22m
Jun 30 2018	n/a	n/a	-US$16m
Mar 31 2018	n/a	n/a	-US$13m
Dec 31 2017	US$2k	US$1	-US$11m

Compensation vs Market: Rob's total compensation ($USD3.59K) is below average for companies of similar size in the Austrian market ($USD1.64M).

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

CEO

Rob McEwen (73 yo)

18.7yrs

Tenure

US$3,586

Compensation

Mr. Robert Ross McEwen, also known as Rob, serves as Chief Executive at McEwen Copper Inc. Mr. McEwen is Chief Owner of McEwen Mining Inc. and has been its Chief Executive Officer since August 18, 2005 and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert McEwen	Chairman	18.7yrs	US$3.59k	16.63% $ 94.1m
Perry Ing	Interim Chief Financial Officer	1.8yrs	US$407.26k	0.031% $ 178.0k
William Shaver	Interim COO & Director	1.8yrs	US$534.66k	0.043% $ 242.4k
Michael Meding	Vice President of McEwen Copper Inc	no data	US$226.59k	no data
Mihaela Iancu	Head of Investor Relations	no data	no data	no data
Carmen Diges	General Counsel & Secretary	8.7yrs	no data	0.037% $ 211.6k
Stefan Spears	Vice President of Corporate Development	4.8yrs	US$663.36k	0.0015% $ 8.6k
Kenneth Tylee	Exploration Manager	no data	no data	no data
Rory Greyvensteyn	Director of Operations - Canada	no data	no data	no data
Jeffrey Chan	Vice President of Finance	no data	no data	no data
Sean Farrell	Executive Officer	no data	no data	no data
Kevin Kunkel	Executive Officer	no data	no data	no data

4.8yrs

Average Tenure

50.5yo

Average Age

Experienced Management: MUX2's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert McEwen	Chairman	18.7yrs	US$3.59k	16.63% $ 94.1m
William Shaver	Interim COO & Director	2.6yrs	US$534.66k	0.043% $ 242.4k
Allen Ambrose	Independent Director	12yrs	US$45.00k	0.096% $ 545.1k
Robin Dunbar	Independent Director	7yrs	US$32.60k	0.0069% $ 39.3k
Richard Brissenden	Independent Director	12yrs	US$40.45k	0% $ 0
Ian Ball	Independent Director	1.8yrs	US$16.94k	0.0054% $ 30.4k
Nicolas Darveau-Garneau	Director	less than a year	no data	no data
Merri Sanchez	Independent Director	2.2yrs	US$30.00k	no data
Michelle Makori	Director	less than a year	no data	0.0022% $ 12.6k

2.6yrs

Average Tenure

65yo

Average Age

Experienced Board: MUX2's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

McEwen Mining Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

McEwen Mining Inc. Appoints Nicolas Darveau-Garneau as the Newest Member of Board of Directors

McEwen Mining Inc. Elects Ian Ball as Director

McEwen Mining Inc. Announces Executive Changes

McEwen Mining Inc., Annual General Meeting, Jun 30, 2022

McEwen Mining Inc. Announces Chief Financial Officer Changes

Recent updates

McEwen Mining Inc. (NYSE:MUX) entered into a definitive agreement to acquire remaining 96.7% stake in Timberline Resources Corporation (OTCPK:TLRS) for $20.7 million.

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 18%

Full year 2023 earnings released: EPS: US$1.15 (vs US$1.71 loss in FY 2022)

McEwen Mining Inc. to Report Fiscal Year 2023 Results on Mar 01, 2024

McEwen Mining Inc. Provides Production Guidance for the Year 2024

High number of new directors

TNR Gold Corp. Announces Mcewen Mining Inc. Provides an Update on the Los Azules Copper, Gold and Silver Project in San Juan, Argentina

McEwen Mining Inc. announced that it has received CAD 22.01615 million in funding

McEwen Mining Inc. Appoints Nicolas Darveau-Garneau as the Newest Member of Board of Directors

McEwen Mining Inc. announced that it expects to receive CAD 22.01615 million in funding

Mcewen Mining Inc. Provides Consolidated Production Guidance for the Full Year of 2023

Mcewen Mining Inc. Provides Consolidated Production Guidance for the Full Year of 2023

McEwen Mining Inc. Reports New Assay Results from the Stock Property

McEwen Mining Inc. Provides Consolidated Production Guidance for the Full Year of 2023

McEwen Mining Inc. to Report Q2, 2023 Results on Aug 10, 2023

McEwen Copper Inc. Reports Additional Copper Value over Wide Intercepts Resulted from Drilling Performed on Its Los Azules Project, Located in San Juan, Argentina

McEwen Mining Inc. Announces Results of an Updated Preliminary Economic Assessment on A Copper Leaching Phase of Development At the Los Azules Project in San Juan, Argentina

McEwen Mining Inc. Provides Production Guidance for 2023

McEwen Mining Inc. to Report Q1, 2023 Results on May 09, 2023

McEwen Mining Inc. Provides an Update on the Los Azules Copper Project in San Juan, Argentina

McEwen Mining Inc. Provides Consolidated Production Guidance for the Full Year 2022 and Full Year 2023

McEwen Mining Inc. Announces Good Grades Near Surface, High Grade At Depth

McEwen Mining Inc. Revises Consolidated Production Guidance for the Full Year of 2022

McEwen Mining Inc. to Report Q3, 2022 Results on Nov 04, 2022

Mcewen Mining Inc. Provides Consolidated Production Guidance for the Full Year 2022

McEwen Mining Inc. announced delayed 10-Q filing

McEwen Mining Inc. Elects Ian Ball as Director

McEwen Mining Inc. Provides Consolidated Production Guidance for the Year 2022

McEwen Mining Inc. Announces Executive Changes

McEwen Mining Inc., Annual General Meeting, Jun 30, 2022

McEwen Mining Inc. Provides an Update on its 2022 Exploration Program at the Fox Complex Properties Near Timmins, Canada and at the Gold Bar Properties in Nevada

McEwen Mining Inc. Announces Chief Financial Officer Changes

McEwen Mining Inc. announced that it expects to receive CAD 15 million in funding from Evanachan Ltd.

Mcewen Mining Inc. Appoints Merri Sanchez to the Board

McEwen Mining Inc. announced that it has received CAD 19.2125 million in funding

McEwen Mining Inc. announced that it expects to receive CAD 19.2125 million in funding

McEwen Mining Addresses NYSE Listing Requirements

McEwen Mining Inc. Announces Drilling Continues to Deliver Good Widths and Grades at the Fox Complex

Third quarter 2021 earnings released: US$0.038 loss per share (vs US$0.024 loss in 3Q 2020)

Independent Director Gregory Fauquier has left the company

Forecast to breakeven in 2022

Second quarter 2021 earnings released: US$0.013 loss per share (vs US$0.049 loss in 2Q 2020)

McEwen Mining Inc. Provides Production Guidance for the Year 2021

McEwen Mining in Talks to Sell Interest in Los Azules Copper Project

McEwen Mining Inc. Reports Strong Exploration Results from the Ongoing Drilling At the Stock West Project Near Timmins, Ontario

McEwen Mining Inc. Provides Production Guidance for the Year 2021

Mcewen Mining Inc. Reports That Activities At El Gallo Project in Mexico Have Been Temporarily Suspended

Full year 2020 earnings released: US$0.38 loss per share (vs US$0.17 loss in FY 2019)

Revenue misses expectations

McEwen Mining Inc. Announces Filing of Technical Report Prepared in Accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects for its 100%-Owned Fenix Project Located in the State of Sinaloa, Mexico

McEwen Mining Inc. has completed a Follow-on Equity Offering in the amount of $31.5 million.

McEwen Mining Inc. announced that it has received CAD 16.254774 million in funding

McEwen Mining Inc. announced that it expects to receive CAD 15.00012 million in funding

McEwen Mining Inc. Announces Positive Feasibility Study (FS) for its 100%-Owned Fenix Project

McEwen Mining Inc Announces Resignation of Leanne Baker as Director, Member of the Audit and Nominating & Corporate Governance Committees of the Board

McEwen Mining Inc. Announces Demise of Leanne Baker, Director

McEwen Mining Inc. announced that it expects to receive CAD 10.00168 million in funding

McEwen Mining Inc. Announces Temporary Shut-Down of Its San Jose Mine in Argentina

New 90-day low: €0.81

Third-quarter earnings released: Revenue misses expectations

Third quarter earnings released

New 90-day low: €0.84

McEwen Mining Inc. Announces Appointment of Anna Ladd-Kruger as Chief Financial Officer

McEwen Mining Inc. announced that it has received CAD 13.730002 million in funding

McEwen Mining Inc. announced that it expects to receive CAD 13.08 million in funding

CEO Compensation Analysis

CEO

Tenure