Genesis Minerals Management

Management criteria checks 2/4

Genesis Minerals' CEO is Raleigh Finlayson, appointed in Feb 2022, has a tenure of 2.42 years. total yearly compensation is A$5.26M, comprised of 5.2% salary and 94.8% bonuses, including company stock and options. directly owns 1.77% of the company’s shares, worth A$42.22M. The average tenure of the management team and the board of directors is 2.3 years and 1.8 years respectively.

Key information

Raleigh Finlayson

Chief executive officer

AU$5.3m

Total compensation

CEO salary percentage	5.2%
CEO tenure	2.4yrs
CEO ownership	1.8%
Management average tenure	2.3yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Raleigh Finlayson's remuneration changed compared to Genesis Minerals's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$60m
Sep 30 2023	n/a	n/a	-AU$86m
Jun 30 2023	AU$5m	AU$273k	-AU$112m
Mar 31 2023	n/a	n/a	-AU$81m
Dec 31 2022	n/a	n/a	-AU$50m
Sep 30 2022	n/a	n/a	-AU$48m
Jun 30 2022	AU$24m	AU$126k	-AU$46m

Compensation vs Market: Raleigh's total compensation ($USD3.46M) is above average for companies of similar size in the Australian market ($USD1.46M).

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

CEO

Raleigh Finlayson (45 yo)

2.4yrs

Tenure

AU$5,257,705

Compensation

Mr. Raleigh John Finlayson serves as Managing Director, Chief Executive Officer & Director at Genesis Minerals Limited since February 21, 2022. He was Consultant of Genesis Minerals Limited since September...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Raleigh Finlayson	MD, CEO & Director	2.4yrs	AU$5.26m	1.77% A$ 42.2m
Morgan Ball	Chief Financial Officer	no data	AU$1.41m	0.24% A$ 5.6m
Lee Stephens	General Manager of Projects & Operations	2.3yrs	AU$1.02m	0.059% A$ 1.4m
William Irvin	Corporate Development Officer	2.3yrs	AU$1.38m	0.13% A$ 3.0m
Geoffrey James	Company Secretary	8.8yrs	no data	no data
Dale Richards	Chief Geologist	1.8yrs	no data	no data

2.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: GMD's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Raleigh Finlayson	MD, CEO & Director	2.4yrs	AU$5.26m	1.77% A$ 42.2m
Michael Bowen	Independent Non-Executive Director	2.7yrs	AU$652.06k	0.12% A$ 2.9m
Anthony Kiernan	Independent Non-Executive Chair	1.8yrs	AU$123.93k	0.024% A$ 568.0k
Michael Wilkes	Independent Non-Executive Director	1.8yrs	AU$101.25k	0.016% A$ 373.9k
Gerard Kaczmarek	Independent Non-Executive Director	6.3yrs	AU$87.64k	0.045% A$ 1.1m
Jacqueline Murray	Independent Non-Executive Director	less than a year	no data	no data
Karen Lloyd	Non Executive Director	less than a year	no data	no data

1.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: GMD's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Genesis Minerals Management

Management criteria checks 2/4

Key information

Recent management updates

MD, CEO & Director recently sold AU$3.1m worth of stock

Genesis Minerals Limited, Annual General Meeting, Nov 27, 2023

High number of new and inexperienced directors

Independent Non-Executive Director recently bought AU$200k worth of stock

Independent Non-Executive Director recently bought AU$200k worth of stock

High number of new and inexperienced directors

Recent updates

Ordell Minerals Limited (ASX:ORD) acquired Metallo Resources Pty Limited from Genesis Minerals Limited .

Ordell Minerals Limited (ASX:ORD) agreed to acquire Metallo Resources Pty Limited from Genesis Minerals Limited.

Forecast breakeven date pushed back to 2025

First half 2024 earnings released: EPS: AU$0.015 (vs AU$0.11 loss in 1H 2023)

Genesis Minerals Limited (ASX:GMD) completed the acquisition of Bruno-Lewis and Raeside gold projects in Leonora District from Kin Mining NL (ASX:KIN).

MD, CEO & Director recently sold AU$3.1m worth of stock

Genesis Minerals Limited (ASX:GMD) made an offer to acquire remaining 19.921697% stake in Dacian Gold Limited (ASX:DCN) for AUD60 million.

Genesis Minerals Limited (ASX:GMD) made an offer to acquire remaining 19.921697% stake in Dacian Gold Limited (ASX:DCN) for AUD60 million.

Now 21% undervalued

Genesis Minerals Limited, Annual General Meeting, Nov 27, 2023

Genesis Minerals Limited(ASX:GMD) dropped from S&P/ASX Emerging Companies Index

New major risk - Revenue and earnings growth

High number of new and inexperienced directors

Independent Non-Executive Director recently bought AU$200k worth of stock

Independent Non-Executive Director recently bought AU$200k worth of stock

Genesis Minerals Limited (ASX:GMD) completed the acquisition of Leonora Assets of St Barbara Limited.

New major risk - Revenue and earnings growth

Silver Lake Shelves Investor Meetings over $656 Million St Barbara Takeover

High number of new and inexperienced directors

Independent Non-Executive Chair recently bought AU$94k worth of stock

St Barbara Limited (ASX:SBM) signed a scheme implementation deed to acquire Genesis Minerals Limited (ASX:GMD) for AUD 540 million.

St Barbara Limited (ASX:SBM) signed a scheme implementation deed to acquire Genesis Minerals Limited (ASX:GMD) for AUD 540 million.

Less than half of directors are independent

Forecast to breakeven in 2023

Less than half of directors are independent

Genesis Minerals Limited, Annual General Meeting, Nov 28, 2022

Genesis Minerals Limited Announces Management Changes

Full year 2022 earnings released: AU$0.18 loss per share (vs AU$0.085 loss in FY 2021)

Genesis Minerals Limited, Annual General Meeting, Aug 25, 2022

Genesis Minerals Limited (ASX:GMD) made a tender offer to acquire Dacian Gold Limited (ASX : DCN) from Perennial Value Management Limited and others for approximately AUD 110 million.

Genesis Minerals Limited (ASX:GMD) made a tender offer to acquire Dacian Gold Limited (ASX : DCN) for approximately AUD 110 million.

Genesis in Merger Talks with Rival St Barbara

Genesis Minerals Limited Announces Neville Power to Return from His Leave of Absence from His Role as a Non-Executive Director, Effective June 14, 2022

Genesis, St Barbara Rumours Simmer

Less than half of directors are independent

Genesis Minerals Limited Announces Executive Appointments

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Less than half of directors are independent

Genesis Minerals Limited Announces Executive Changes

Genesis Minerals Limited Reports Significant New Results from Ongoing Drilling Aimed at Growing the Resource Base at Its 100%-Owned 1.6Moz Ulysses Gold Project in Western Australia

Vox Provides Recent Development and Exploration Updates from Royalty Operating Partners Gold Standard Ventures, Genesis Minerals Limited, Metalicity Limited, Black Cat Syndicate Limited and Norwest Minerals Limited

Full year 2021 earnings released: AU$0.008 loss per share (vs AU$0.007 loss in FY 2020)

Genesis Minerals Limited announced that it expects to receive AUD 16 million in funding from Northern Star Resources Limited

Genesis Minerals Limited Reports New Results from Ongoing Exploration Drilling At Ulysses Gold Project

Genesis Minerals Limited announced that it expects to receive AUD 10 million in funding from Alkane Resources Limited, and other investors

First half 2021 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in 1H 2020)

Genesis Minerals Limited Reports New Results of Ulysses Gold Project

Genesis Minerals Limited Reports Highly Encouraging Results from Ongoing Drilling Program at Clark Deposit

Genesis Minerals Limited Reports Outstanding New High-Grade Hits New Results from Ongoing In-Fill and Extensional Resource Drilling At the Orient Well Deposit

Genesis Minerals Limited Announces New High-Grade Gold Hits Confirm Strong Potential for Resource Growth

Genesis Minerals Limited (ASX:GMD) exercised its option to acquire Kookynie Gold Project from Yijun Zhu and A & C Mining Investment Pty Ltd for AUD 10.5 million.

Genesis Minerals Limited Announces Progress of Extensional Drilling Program At Ulysses Gold Project in Western Australia

Genesis Minerals Limited Announces Wide Zones of Continuous Shallow Gold Mineralisation in Maiden Drilling at Clark

Full year earnings released - AU$0.0074 loss per share

Genesis Minerals Limited announced that it expects to receive AUD 4.394416 million in funding from Alkane Resources Limited

Genesis Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 9.505679 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age