We Take A Look At Why Westgold Resources Limited's (ASX:WGX) CEO Compensation Is Well Earned

Key Insights

• Westgold Resources to hold its Annual General Meeting on 21st of November
• CEO Wayne Bramwell's total compensation includes salary of AU$812.3k
• The overall pay is comparable to the industry average
• Westgold Resources' EPS grew by 97% over the past three years while total shareholder return over the past three years was 651%

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It would be hard to discount the role that CEO Wayne Bramwell has played in delivering the impressive results at Westgold Resources Limited (ASX:WGX) recently. The pleasing results would be something shareholders would keep in mind at the upcoming AGM on 21st of November. It is likely that the focus will be on company strategy going forward as shareholders hear from the board and cast their votes on resolutions such as executive remuneration and other matters. We think the CEO has done a pretty decent job and we discuss why the CEO compensation is appropriate.

See our latest analysis for Westgold Resources

How Does Total Compensation For Wayne Bramwell Compare With Other Companies In The Industry?

At the time of writing, our data shows that Westgold Resources Limited has a market capitalization of AU$5.6b, and reported total annual CEO compensation of AU$2.5m for the year to June 2025. Notably, that's an increase of 39% over the year before. While we always look at total compensation first, our analysis shows that the salary component is less, at AU$812k.

On examining similar-sized companies in the Australian Metals and Mining industry with market capitalizations between AU$3.0b and AU$9.8b, we discovered that the median CEO total compensation of that group was AU$2.5m. From this we gather that Wayne Bramwell is paid around the median for CEOs in the industry. Furthermore, Wayne Bramwell directly owns AU$2.9m worth of shares in the company, implying that they are deeply invested in the company's success.

On an industry level, around 68% of total compensation represents salary and 32% is other remuneration. In Westgold Resources' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

Westgold Resources Limited's Growth

Over the past three years, Westgold Resources Limited has seen its earnings per share (EPS) grow by 97% per year. Its revenue is up 90% over the last year.

This demonstrates that the company has been improving recently and is good news for the shareholders. Most shareholders would be pleased to see strong revenue growth combined with EPS growth. This combo suggests a fast growing business. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..

Has Westgold Resources Limited Been A Good Investment?

We think that the total shareholder return of 651%, over three years, would leave most Westgold Resources Limited shareholders smiling. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

In Summary...

Seeing that the company has put in a relatively good performance, the CEO remuneration policy may not be the focus at the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

CEO compensation can have a massive impact on performance, but it's just one element. That's why we did some digging and identified 2 warning signs for Westgold Resources that investors should think about before committing capital to this stock.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.