Magmatic Resources Limited

ASX:MAG Stock Report

Market Cap: AU$12.5m

Magmatic Resources Management

Management criteria checks 4/4

Magmatic Resources' CEO is David Richardson, appointed in Oct 2024, has a tenure of less than a year. total yearly compensation is A$378.53K, comprised of 63.4% salary and 36.6% bonuses, including company stock and options. directly owns 11.38% of the company’s shares, worth A$1.42M. The average tenure of the management team and the board of directors is 2.2 years and 4.2 years respectively.

Key information

David Richardson

Chief executive officer

AU$378.5k

Total compensation

CEO salary percentage63.4%
CEO tenureless than a year
CEO ownership11.4%
Management average tenure2.2yrs
Board average tenure4.2yrs

Recent management updates

Recent updates

Here's Why We're Watching Magmatic Resources' (ASX:MAG) Cash Burn Situation

May 19
Here's Why We're Watching Magmatic Resources' (ASX:MAG) Cash Burn Situation

Here's Why We're Watching Magmatic Resources' (ASX:MAG) Cash Burn Situation

Jan 11
Here's Why We're Watching Magmatic Resources' (ASX:MAG) Cash Burn Situation

We're Hopeful That Magmatic Resources (ASX:MAG) Will Use Its Cash Wisely

Aug 24
We're Hopeful That Magmatic Resources (ASX:MAG) Will Use Its Cash Wisely

CEO Compensation Analysis

How has David Richardson's remuneration changed compared to Magmatic Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024AU$379kAU$240k

-AU$3m

Mar 31 2024n/an/a

-AU$5m

Dec 31 2023n/an/a

-AU$6m

Sep 30 2023n/an/a

-AU$7m

Jun 30 2023AU$444kAU$240k

-AU$7m

Mar 31 2023n/an/a

-AU$7m

Dec 31 2022n/an/a

-AU$6m

Sep 30 2022n/an/a

-AU$4m

Jun 30 2022AU$450kAU$226k

-AU$3m

Mar 31 2022n/an/a

-AU$3m

Dec 31 2021n/an/a

-AU$4m

Sep 30 2021n/an/a

-AU$1m

Jun 30 2021AU$372kAU$180k

AU$1m

Mar 31 2021n/an/a

AU$2m

Dec 31 2020n/an/a

AU$2m

Sep 30 2020n/an/a

-AU$1m

Jun 30 2020AU$307kAU$180k

-AU$4m

Mar 31 2020n/an/a

-AU$4m

Dec 31 2019n/an/a

-AU$4m

Sep 30 2019n/an/a

-AU$3m

Jun 30 2019AU$197kAU$180k

-AU$2m

Mar 31 2019n/an/a

-AU$2m

Dec 31 2018n/an/a

-AU$2m

Sep 30 2018n/an/a

-AU$2m

Jun 30 2018AU$164kAU$150k

-AU$3m

Compensation vs Market: David's total compensation ($USD236.74K) is about average for companies of similar size in the Australian market ($USD291.23K).

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

CEO

David Richardson

less than a year

Tenure

AU$378,525

Compensation

Mr. David John Richardson, B. Comm., MBA, serves as Managing Director at Magmatic Resources Limited since October 28, 2024 served as an Executive Chairman at Magmatic Resources Limited since February 03, 2...

Leadership Team

NamePositionTenureCompensationOwnership
David Richardson
MD & Directorless than a yearAU$378.53k11.38%
A$ 1.4m
Michael Franklin
Chief Financial Officer5.5yrsAU$137.85k0.22%
A$ 27.5k
Adam McKinnon
Executive Officerless than a yearAU$568.68k0.27%
A$ 34.1k
Steven Oxenburgh
Exploration Manager7.9yrsno datano data
Andrea Betti
Company Secretary4.2yrsno datano data
Anthea Acomb
Joint Company Secretaryless than a yearno datano data

2.2yrs

Average Tenure

Experienced Management: MAG's management team is considered experienced (2.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Richardson
MD & Director8.2yrsAU$378.53k11.38%
A$ 1.4m
Malcolm Norris
Independent Directorless than a yearAU$220.31k0.0021%
A$ 256.5
David Berrie
Non-Executive Chairman8.2yrsAU$167.06k3.36%
A$ 420.9k
Christine Nicolau
Non-Executive Directorless than a yearno datano data

4.2yrs

Average Tenure

Experienced Board: MAG's board of directors are considered experienced (4.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 13:27
End of Day Share Price 2024/12/23 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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 here.

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

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Analyst Sources

Magmatic Resources Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution