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$1.52M. 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 percentage | 63.4% |
| CEO tenure | less than a year |
| CEO ownership | 11.4% |
| Management average tenure | 2.2yrs |
| Board average tenure | 4.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | AU$379k | AU$240k | -AU$3m |
| Mar 31 2024 | n/a | n/a | -AU$5m |
| Dec 31 2023 | n/a | n/a | -AU$6m |
| Sep 30 2023 | n/a | n/a | -AU$7m |
| Jun 30 2023 | AU$444k | AU$240k | -AU$7m |
| Mar 31 2023 | n/a | n/a | -AU$7m |
| Dec 31 2022 | n/a | n/a | -AU$6m |
| Sep 30 2022 | n/a | n/a | -AU$4m |
| Jun 30 2022 | AU$450k | AU$226k | -AU$3m |
| Mar 31 2022 | n/a | n/a | -AU$3m |
| Dec 31 2021 | n/a | n/a | -AU$4m |
| Sep 30 2021 | n/a | n/a | -AU$1m |
| Jun 30 2021 | AU$372k | AU$180k | AU$1m |
| Mar 31 2021 | n/a | n/a | AU$2m |
| Dec 31 2020 | n/a | n/a | AU$2m |
| Sep 30 2020 | n/a | n/a | -AU$1m |
| Jun 30 2020 | AU$307k | AU$180k | -AU$4m |
| Mar 31 2020 | n/a | n/a | -AU$4m |
| Dec 31 2019 | n/a | n/a | -AU$4m |
| Sep 30 2019 | n/a | n/a | -AU$3m |
| Jun 30 2019 | AU$197k | AU$180k | -AU$2m |
| Mar 31 2019 | n/a | n/a | -AU$2m |
| Dec 31 2018 | n/a | n/a | -AU$2m |
| Sep 30 2018 | n/a | n/a | -AU$2m |
| Jun 30 2018 | AU$164k | AU$150k | -AU$3m |
Compensation vs Market: David's total compensation ($USD235.72K) is about average for companies of similar size in the Australian market ($USD290.06K).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | less than a year | AU$378.53k | 11.38% A$ 1.5m | |
| Chief Financial Officer | 5.5yrs | AU$137.85k | 0.22% A$ 29.4k | |
| Executive Officer | less than a year | AU$568.68k | 0.27% A$ 36.3k | |
| Exploration Manager | 7.9yrs | no data | no data | |
| Company Secretary | 4.2yrs | no data | no data | |
| Joint Company Secretary | less than a year | no data | no data |
2.2yrs
Average Tenure
Experienced Management: MAG's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 8.2yrs | AU$378.53k | 11.38% A$ 1.5m | |
| Independent Director | less than a year | AU$220.31k | 0.0021% A$ 273.6 | |
| Non-Executive Chairman | 8.2yrs | AU$167.06k | 3.36% A$ 448.9k | |
| Non-Executive Director | less than a year | no data | no 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 01:45 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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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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.
| Analyst | Institution |
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