Sandfire Resources Management

Management criteria checks 1/4

Sandfire Resources' CEO is Brendan Harris, appointed in Apr 2023, has a tenure of 1.42 years. total yearly compensation is $3.65M, comprised of 21.4% salary and 78.6% bonuses, including company stock and options. directly owns 0.045% of the company’s shares, worth A$2.19M. The average tenure of the management team and the board of directors is 2.8 years and 2.2 years respectively.

Key information

Brendan Harris

Chief executive officer

US$3.7m

Total compensation

CEO salary percentage	21.4%
CEO tenure	1.4yrs
CEO ownership	0.04%
Management average tenure	2.8yrs
Board average tenure	2.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brendan Harris's remuneration changed compared to Sandfire Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	US$4m	US$782k	-US$17m
Mar 31 2024	n/a	n/a	-US$47m
Dec 31 2023	n/a	n/a	-US$78m
Sep 30 2023	n/a	n/a	-US$65m
Jun 30 2023	US$926k	US$196k	-US$52m

Compensation vs Market: Brendan's total compensation ($USD3.65M) is above average for companies of similar size in the Australian market ($USD2.27M).

Compensation vs Earnings: Brendan's compensation has increased whilst the company is unprofitable.

CEO

Brendan Harris (52 yo)

1.4yrs

Tenure

US$3,653,475

Compensation

Mr. Brendan Harris, Bsc, CPA, served as Chief Human Resources and Commercial Officer at South32 Limited since October 2020 until December 2022. He serves as Chief Executive Officer, Managing Director and D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Brendan Harris	CEO, MD & Director	1.4yrs	US$3.65m	0.045% $ 2.2m
Megan Jansen	Chief Financial Officer	less than a year	US$691.40k	no data
Jason Grace	Chief Operating Officer	5yrs	US$1.53m	0.020% $ 962.0k
David Wilson	Head of Business Development & Technical Services	no data	no data	no data
Ben Crowley	Head of Investor Relations	no data	no data	no data
Victoria Twiss	General Counsel	4.2yrs	no data	no data
Scott Browne	Chief People Officer	no data	no data	no data
Samantha Masters	Head of Health	4.2yrs	no data	no data
Richard Holmes	Chief Development Officer	no data	no data	no data
Cath Bozanich	Chief Sustainability Officer	no data	no data	no data
Gemma Tually	Head of Legal & Compliance	no data	no data	no data
Pippa Prior	Joint Company Secretary	no data	no data	no data

2.8yrs

Average Tenure

54yo

Average Age

Experienced Management: SFR's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Brendan Harris	CEO, MD & Director	1.4yrs	US$3.65m	0.045% $ 2.2m
Robert John Edwards	Independent Non-Executive Director	2.2yrs	US$167.48k	no data
Jennifer Morris	Independent Non-Executive Director	3.7yrs	US$136.74k	0.0061% $ 299.5k
John Richards	Independent Non-Executive Chairman	3.7yrs	US$200.11k	0.015% $ 713.8k
Paul Harvey	Independent Non-Executive Director	less than a year	US$101.87k	no data
Sarah Martin	Independent Non-Executive Director	2.2yrs	US$126.73k	0.00087% $ 42.5k
Sally Langer	Independent Non-Executive Director	4.2yrs	US$136.74k	0.0063% $ 310.2k

2.2yrs

Average Tenure

58yo

Average Age

Experienced Board: SFR's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

Sandfire Resources Management

Management criteria checks 1/4

Key information

Recent management updates

Sandfire Resources Limited, Annual General Meeting, Nov 15, 2024

Sandfire Resources Limited Announces Resignation of Sophie Raven as Joint Company Secretary, Effective 3 April 2024

Sandfire Resources Limited Appoints Victoria Twiss as Joint Company Secretary

Sandfire Resources Limited Announces the Appointment of Paul Harvey as Independent Non-Executive Director

Sandfire Resources Limited Announces Management Changes

Sandfire Resources Limited Announces Retirement of Roric Smith as Non-Executive Director, Effective June 30, 2023

Recent updates

Sandfire Resources Limited, Annual General Meeting, Nov 15, 2024

Full year 2024 earnings released: US$0.038 loss per share (vs US$0.12 loss in FY 2023)

Sandfire Resources Limited to Report Q4, 2024 Results on Jul 25, 2024

Sandfire Resources Limited to Report Q3, 2024 Results on Apr 30, 2024

Sandfire Resources Limited Announces Resignation of Sophie Raven as Joint Company Secretary, Effective 3 April 2024

Sandfire Resources Limited Appoints Victoria Twiss as Joint Company Secretary

First half 2024 earnings released: US$0.12 loss per share (vs US$0.065 loss in 1H 2023)

Sandfire Resources Limited to Report Q2, 2024 Results on Jan 30, 2024

Sandfire Resources Limited Announces the Appointment of Paul Harvey as Independent Non-Executive Director

New major risk - Revenue and earnings growth

Full year 2023 earnings released: US$0.12 loss per share (vs US$0.32 profit in FY 2022)

Sandfire Resources Limited Announces Management Changes

Sandfire Resources Limited Announces Retirement of Roric Smith as Non-Executive Director, Effective June 30, 2023

Alkane Resources Limited (ASX:ALK) completed the acquisition of Two tenement packages in New South Wales from Sandfire Resources Limited (ASX:SFR).

First half 2023 earnings released

Sandfire Resources Limited to Report First Half, 2023 Results on Feb 28, 2023

Sandfire Resources Limited Announces Near Mine Exploration Success at MATSA

Sandfire Resources Limited to Report Q2, 2023 Results on Jan 24, 2023

AIC Mines Limited (ASX:A1M) completed the acquisition of Demetallica Limited (ASX:DRM) from OZ Minerals Limited (ASX:OZL), Sandfire Resources Limited (ASX:SFR), Yarraandoo Pty Ltd and other shareholders.

Sandfire Resources Limited Announces Executive Changes

Sandfire Resources Limited Provides Production Guidance for the Full Year of 2023

High number of new and inexperienced directors

Investor sentiment improved over the past week

Sandfire Resources Limited Appoints Brendan Harris as Managing Director

Auris Minerals Limited Provides Update on Exploration Completed by Sandfire Resources Limited During the September 2022 Quarter Across the Joint Venture Projects Located in the Bryah Basin, Western Australia

Sandfire Resources Limited Announce Encouraging Copper-Silver (Cu-Ag) Assay Results from Recent and Ongoing Drilling At the A1 Prospect, Motheo Copper Mine in the Kalahari Copper Belt of Botswana

Sandfire Resources Limited to Report Q1, 2023 Results on Oct 20, 2022

Sandfire Resources Limited, Annual General Meeting, Nov 30, 2022

Sandfire Resources Limited Provides Group Production Guidance for Year 2023

Sandfire Resources Limited Announces Chief Executive Officer Transition

AIC Mines Limited (ASX:A1M) offered to acquire Demetallica Limited (ASX:DRM) from OZ Minerals Limited (ASX:OZL), Sandfire Resources Limited (ASX:SFR), Yarraandoo Pty Ltd and other shareholders for AUD 35.6 million.

Investor sentiment deteriorated over the past week

Full year 2022 earnings released: EPS: US$0.32 (vs US$0.72 in FY 2021)

Sandfire Resources Limited Omits to Pay Final Dividend for Fiscal Year 2022

Sandfire Resources Limited to Report Fiscal Year 2022 Results on Aug 30, 2022

High number of new directors

Investor sentiment deteriorated over the past week

Sandfire Resources Limited Announces Board Changes

Sandfire Resources Limited to Report Q4, 2022 Results on Jul 28, 2022

Sandfire Resources Limited Reports an Updated Measured Indicated and Inferred Mineral Resource Estimate (Mre) for the Matsa Mining Operations, Located in the Iberian Pyrite Belt in Southern Spain

Independent Non-Executive Director recently bought AU$100k worth of stock

Sandfire Resources Limited to Report Q3, 2022 Results on Apr 28, 2022

Sandfire Resources Limited Announces Commencement of Open Pit Mining Marks Another Key Milestone Towards First Copper Production

Sandfire Resources Limited Announces Board Changes

Upcoming dividend of AU$0.03 per share

Investor sentiment deteriorated over the past week

Independent Non-Executive Director recently bought AU$91k worth of stock

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Sandfire Resources Limited Announces Fully Franked Dividend for the Six Months Ended December 31, 2021, Payable on 30 March 2022

Sandfire Resources Limited to Report First Half, 2022 Results on Feb 25, 2022

Balkan Mining and Minerals Limited (ASX:BMM) agreed to acquire EMEA (BIH) Pty Ltd from Sandfire Resources Limited (ASX:SFR) for AUD 0.25 million.

Sandfire Resources Limited (ASX:SFR) acquired Minas de Aguas Teñidas, S.A.U. (MATSA) from Mubadala Investment Company PJSC and Trafigura Pte Ltd.

Auris Minerals Provides an Update on Exploration Completed by Sandfire Resources

Sandfire Resources Limited Provides Operating Guidance for the Year 2022

Sandfire Resources Limited Announces Mineral Resource Estimate for Old Highway Gold Deposit

Independent Non-Executive Director Paul Hallam has left the company

Investor sentiment deteriorated over the past week

Sandfire Resources Limited (ASX:SFR) entered into a binding sale and purchase agreement to acquire Minas de Aguas Teñidas, S.A.U. (MATSA) from Mubadala Investment Company PJSC and Trafigura Pte Ltd for $1.9 billion.

Full year 2021 earnings released: EPS AU$0.96 (vs AU$0.43 in FY 2020)

Sandfire Resources Ltd Provides Production Guidance for the Year Ended June 30, 2021

South32 Sets Sights on $3.9 Billion Assets in Spain, Chile

Revenue beats expectations

First half 2021 earnings released: EPS AU$0.34 (vs AU$0.21 in 1H 2020)

New 90-day high: AU$6.17

Sandfire Resources Limited Completes Diamond Drilling at Sams Creek Project

Sandfire Resources Limited to Report First Half, 2021 Results on Feb 25, 2021

Sandfire Resources Limited to Report Q2, 2021 Results on Jan 29, 2021

Sandfire Resources Limited Announces Board Appointments

Market bids up stock over the past week