Westgold Resources Management

Management criteria checks 2/4

Westgold Resources' CEO is Wayne Bramwell, appointed in May 2022, has a tenure of 2.5 years. total yearly compensation is A$1.80M, comprised of 38.8% salary and 61.2% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth A$114.37K. The average tenure of the management team and the board of directors is 2.6 years and 2.7 years respectively.

Key information

Wayne Bramwell

Chief executive officer

AU$1.8m

Total compensation

CEO salary percentage	38.8%
CEO tenure	2.5yrs
CEO ownership	0.004%
Management average tenure	2.6yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

Westgold Resources Limited (ASX:WGX) Stock Catapults 28% Though Its Price And Business Still Lag The Industry

Nov 04

The Market Doesn't Like What It Sees From Westgold Resources Limited's (ASX:WGX) Revenues Yet

Jun 25

Investors Aren't Buying Westgold Resources Limited's (ASX:WGX) Revenues

Feb 07

Here's Why I Think Westgold Resources (ASX:WGX) Is An Interesting Stock

Oct 09

Can You Imagine How Westgold Resources' (ASX:WGX) Shareholders Feel About The 64% Share Price Increase?

Dec 09

Should Weakness in Westgold Resources Limited's (ASX:WGX) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

Nov 24

CEO Compensation Analysis

How has Wayne Bramwell's remuneration changed compared to Westgold Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	AU$95m
Jun 30 2024	AU$2m	AU$698k	AU$95m
Mar 31 2024	n/a	n/a	AU$61m
Dec 31 2023	n/a	n/a	AU$65m
Sep 30 2023	n/a	n/a	AU$37m
Jun 30 2023	AU$1m	AU$559k	AU$10m
Mar 31 2023	n/a	n/a	-AU$73m
Dec 31 2022	n/a	n/a	-AU$142m
Sep 30 2022	n/a	n/a	-AU$127m
Jun 30 2022	AU$697k	AU$419k	-AU$111m
Mar 31 2022	n/a	n/a	-AU$31m
Dec 31 2021	n/a	n/a	AU$49m
Sep 30 2021	n/a	n/a	AU$63m
Jun 30 2021	AU$248k	n/a	AU$77m
Mar 31 2021	n/a	n/a	AU$75m
Dec 31 2020	n/a	n/a	AU$72m
Sep 30 2020	n/a	n/a	AU$54m
Jun 30 2020	AU$37k	n/a	AU$35m

Compensation vs Market: Wayne's total compensation ($USD1.17M) is about average for companies of similar size in the Australian market ($USD1.46M).

Compensation vs Earnings: Wayne's compensation has increased by more than 20% in the past year.

CEO

Wayne Bramwell (58 yo)

2.5yrs

Tenure

AU$1,799,321

Compensation

Mr. Wayne Christopher Bramwell, B. Sc. (Mineral Science - Extractive Metallurgy), Grad Dip Bus, M. Sc. (Mineral Economics), GAICD, has been Independent Non-Executive Chair at OD6 Metals Limited since Augus...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wayne Bramwell	CEO, MD & Executive Director	2.5yrs	AU$1.80m	0.0042% A$ 114.4k
Su Heng	Chief Financial Officer	3.3yrs	AU$916.65k	0.0021% A$ 57.2k
Jacob Mesiha	Acting Chief Operating Officer	no data	no data	no data
Andrew McDougall	Chief Technical Officer	no data	no data	no data
Melissa Wren	GM of People	no data	no data	no data
Simon Rigby	General Manager of Exploration and Growth	no data	no data	no data
Kaisan Critchell	Interim Chief Safety & Sustainability Officer	no data	no data	no data
Susan Park	Company Secretary	2.6yrs	no data	no data

2.6yrs

Average Tenure

Experienced Management: WGX's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wayne Bramwell	CEO, MD & Executive Director	4.8yrs	AU$1.80m	0.0042% A$ 114.4k
Julius Matthys	Independent Non-Executive Director	2.7yrs	AU$116.55k	0.012% A$ 322.3k
Leigh Junk	Independent Non-Executive Director	less than a year	no data	0.34% A$ 9.1m
Fiona Van Maanen	Independent Non-Executive Director	8.1yrs	AU$116.55k	0.046% A$ 1.2m
David Kelly	Independent Non-Executive Director	2yrs	AU$116.55k	0.0011% A$ 28.6k
Shirley In't Veld	Independent Non-Executive Director	less than a year	no data	0.034% A$ 927.1k
Gary Davison	Independent Non-Executive Director	3.4yrs	AU$116.55k	no data
Cheryl Edwardes	Independent Non-Executive Chairman	2.7yrs	AU$199.80k	0.00065% A$ 17.5k

2.7yrs

Average Tenure

59yo

Average Age

Experienced Board: WGX's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Westgold Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Westgold Resources Limited Appoints Aaron Rankine as Chief Operating Officer, Effective 20 January 2025

High number of new directors

Westgold Resources Limited, Annual General Meeting, Nov 28, 2024

Enlarged Westgold Announces Board Appointments

Westgold Resources Limited, Annual General Meeting, Nov 23, 2023

High number of new and inexperienced directors

Recent updates

Westgold Resources Limited Provides Update on Resource Development Drilling Program Under the Lake Cowan Project At Higginsville

First quarter 2025 earnings released: EPS: AU$0.028 (vs AU$0.046 in 1Q 2024)

Westgold Resources Limited Provides Update on the Re-Evaluation of the Company's Fortnum Project in the Murchison

Westgold Resources Limited (ASX:WGX) Stock Catapults 28% Though Its Price And Business Still Lag The Industry

Westgold Resources Limited Provides an Update from Ongoing Resource Development Drilling at Its Bluebird-South Junction Mining Complex in Meekatharra, Western Australia

Westgold Resources Limited to Report Q1, 2025 Results on Oct 31, 2024

Investor sentiment improves as stock rises 18%

Westgold Resources Limited Appoints Aaron Rankine as Chief Operating Officer, Effective 20 January 2025

Westgold Resources Limited Provides an Update in Relation to the Fletcher Zone At the Beta Hunt Mine Within the Southern Goldfields Operation

Westgold Resources Limited Provides Update in Relation to Recent Mining Activities At the Western Flanks Orebody At Beta Hunt

Westgold Resources Limited Commences Mining At South Junction

High number of new directors

Full year 2024 earnings: EPS misses analyst expectations

Westgold Resources Limited, Annual General Meeting, Nov 28, 2024

Westgold Resources Limited to Report Fiscal Year 2024 Results on Aug 29, 2024

Westgold Resources Limited Provides an Overview of the Beta Hunt Mine and Update in Relation to the Ongoing Stage 3 Resource Definition Drilling Program

Westgold Resources Limited Presents the Maiden Ore Reserve for Its South Junction Mine

New major risk - Shareholder dilution

Westgold Resources Limited (ASX:WGX) completed the acquisition of Karora Resources Inc. (TSX:KRR).

Westgold Resources Limited to Report Q4, 2024 Results on Jul 31, 2024

The Market Doesn't Like What It Sees From Westgold Resources Limited's (ASX:WGX) Revenues Yet

Third quarter 2024 earnings released: EPS: AU$0.001 (vs AU$0.022 in 3Q 2023)

Consensus EPS estimates fall by 11%

Enlarged Westgold Announces Board Appointments

Investor sentiment deteriorates as stock falls 21%

Westgold Resources Limited (ASX:WGX) agreed to acquire Karora Resources Inc. (TSX:KRR).

Consensus EPS estimates fall by 13%

Westgold Resources Limited to Report Q3, 2024 Results on Apr 24, 2024

Upcoming dividend of AU$0.01 per share

Investor sentiment improves as stock rises 33%

First half 2024 earnings released: EPS: AU$0.093 (vs AU$0.023 loss in 1H 2023)

Investors Aren't Buying Westgold Resources Limited's (ASX:WGX) Revenues

Westgold Resources Limited to Report Q2, 2024 Results on Jan 31, 2024

Consensus EPS estimates increase by 13%

Now 22% undervalued

Westgold Resources Limited to Report Q1, 2024 Results on Oct 25, 2023

Westgold Resources Limited, Annual General Meeting, Nov 23, 2023

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: AU$0.021 (vs AU$0.25 loss in FY 2022)

Westgold Resources Limited to Report Fiscal Year 2023 Results on Aug 24, 2023

Westgold Resources Limited to Report Q4, 2023 Results on Jul 26, 2023

New major risk - Revenue and earnings growth

Westgold Resources Limited (ASX:WGX) agreed to acquire Musgrave Minerals Limited (ASX:MGV)for approximately AUD 180 mullion.

First half 2023 earnings released: AU$0.023 loss per share (vs AU$0.047 profit in 1H 2022)

Westgold Resources Limited Announces Bluebird Drilling Update

Westgold Resources Limited to Report Q2, 2023 Results on Jan 25, 2023

Westgold Resources Limited Provides Update on the Operational Expansion Of, and Related Drilling, At Bluebird Underground Mine At Meekatharra

Westgold Achieves Quarter Million Ounce Milestone At Fortnum

High number of new and inexperienced directors

Westgold Resources Limited Provides the Update on Expansion Plans for Its Big Bell Mine At Cue

Westgold Resources Limited Provides Update on Recent Drilling Results from the Consols Lode at its Paddy's Flat Mine in Meekatharra

Westgold Resources Limited to Report Q1, 2023 Results on Oct 27, 2022

Westgold Resources Limited Commences Drilling At Great Fingall Deeps

Westgold Announces Board and Management Appointments

Westgold Resources Limited, Annual General Meeting, Nov 25, 2022

Westgold Resources Limited Announces New Estimates of Mineral Resources and Ore Reserves

High number of new and inexperienced directors

Westgold Resources Limited Announces Drilling Commences At Caustons

Full year 2022 earnings: EPS misses analyst expectations

Westgold Resources Limited Provides Production Guidance for the Fiscal Year 2023

Westgold Resources Limited to Report Fiscal Year 2022 Results on Aug 26, 2022

Westgold Resources Limited Announces Resignation of Peter Schwann as Non-Executive Director

Consensus EPS estimates increase by 50%

Westgold Resources Limited to Report Q4, 2022 Results on Jul 21, 2022

Westgold Resources Limited Announces the Commencement of Mining Operations At Fender

Westgold Resources Limited Announces Major Production Milestone At Its Fortnum Gold Project

Westgold Resources Limited Provides First Assays from Early Stage Exploration Drilling at the Sovereign Reef Target (Sovereign) Located at the Day Dawn Mining Area

Westgold Resources Limited Provides First Assays from Early Stage Exploration Drilling at the Sovereign Reef Target (Sovereign) Located at the Day Dawn Mining Area

Investor sentiment deteriorated over the past week