West African Resources Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Richard Hyde

Chief executive officer

AU$2.2m

Total compensation

CEO salary percentage	37.0%
CEO tenure	17.7yrs
CEO ownership	1.7%
Management average tenure	4.7yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Richard Hyde's remuneration changed compared to West African Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	AU$2m	AU$803k	AU$147m
Sep 30 2023	n/a	n/a	AU$145m
Jun 30 2023	n/a	n/a	AU$144m
Mar 31 2023	n/a	n/a	AU$154m
Dec 31 2022	AU$2m	AU$702k	AU$164m
Sep 30 2022	n/a	n/a	AU$191m
Jun 30 2022	n/a	n/a	AU$219m
Mar 31 2022	n/a	n/a	AU$204m
Dec 31 2021	AU$2m	AU$551k	AU$189m
Sep 30 2021	n/a	n/a	AU$170m
Jun 30 2021	n/a	n/a	AU$152m
Mar 31 2021	n/a	n/a	AU$121m
Dec 31 2020	AU$1m	AU$490k	AU$89m
Sep 30 2020	n/a	n/a	AU$46m
Jun 30 2020	n/a	n/a	AU$2m
Mar 31 2020	n/a	n/a	-AU$1m
Dec 31 2019	AU$681k	AU$400k	-AU$4m
Dec 31 2018	n/a	n/a	-AU$7m
Sep 30 2018	n/a	n/a	-AU$22m
Jun 30 2018	AU$550k	AU$300k	-AU$25m
Mar 31 2018	n/a	n/a	-AU$23m
Dec 31 2017	n/a	n/a	-AU$22m
Sep 30 2017	n/a	n/a	-AU$16m
Jun 30 2017	AU$345k	AU$300k	-AU$14m

Compensation vs Market: Richard's total compensation ($USD1.42M) is above average for companies of similar size in the Australian market ($USD983.08K).

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

CEO

Richard Hyde

17.7yrs

Tenure

AU$2,171,664

Compensation

Mr. Richard Hyde, B.Sc. (Geology and Geophysics), MAusIMM, MAIG, is an Executive Chairman and CEO of West African Resources, Ltd. since September 2019. He served as the Managing Director of West African Re...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Hyde	Founder	no data	AU$2.17m	1.74% A$ 22.8m
Padraig O'Donoghue	CFO & Company Secretary	5.9yrs	AU$1.21m	0.17% A$ 2.2m
Lyndon Hopkins	COO & Executive Director	9.3yrs	AU$1.57m	0.36% A$ 4.7m
Stuart Cruickshanks	General Manager of Technical Services	4.7yrs	no data	no data
Ann Atkins	Legal Counsel & Joint Company Secretary	less than a year	no data	no data
Elizabeth Mounsey	Executive Director of Human Resources & Executive Director	1.4yrs	AU$562.40k	0.014% A$ 181.7k
Nathan Ryan	IR Contact	no data	no data	no data

4.7yrs

Average Tenure

Experienced Management: WAF's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Hyde	Founder	17.7yrs	AU$2.17m	1.74% A$ 22.8m
Lyndon Hopkins	COO & Executive Director	4.7yrs	AU$1.57m	0.36% A$ 4.7m
Elizabeth Mounsey	Executive Director of Human Resources & Executive Director	4yrs	AU$562.40k	0.014% A$ 181.7k
Rodney Leonard	Lead Independent Non-Executive Director	4.7yrs	AU$107.07k	0.025% A$ 331.5k
Nigel Spicer	Independent Non-Executive Director	4.7yrs	AU$85.78k	0.0094% A$ 122.7k
Stewart Findlay	Independent Non-Executive Director	4yrs	AU$86.39k	0.012% A$ 151.3k
Robin Romero	Independent Non-Executive Director	1.4yrs	AU$117.79k	no data

4.7yrs

Average Tenure

Experienced Board: WAF's board of directors are considered experienced (4.7 years average tenure).

West African Resources Management

Management criteria checks 3/4

Key information

Recent management updates

West African Resources Limited, Annual General Meeting, May 10, 2024

West African Resources Limited Appoints Ann Atkins as an Additional Company Secretary

Insufficient new directors

Founder recently sold AU$2.7m worth of stock

Less than half of directors are independent

West African Resources Limited Announces Board and Committee Changes

Recent updates

Investor sentiment improves as stock rises 16%

Now 20% undervalued

Full year 2023 earnings released: EPS: AU$0.14 (vs AU$0.16 in FY 2022)

West African Resources Limited, Annual General Meeting, May 10, 2024

Investor sentiment improves as stock rises 19%

New major risk - Revenue and earnings growth

West African Resources Limited Appoints Ann Atkins as an Additional Company Secretary

West African Resources Limited Provides Production Guidance for the Year 2023

First half 2023 earnings released: EPS: AU$0.073 (vs AU$0.093 in 1H 2022)

Insufficient new directors

Full year 2022 earnings released: EPS: AU$0.16 (vs AU$0.21 in FY 2021)

West African Resources Limited Provides 2023 Production for its Sanbrado Gold Operations (Sanbrado) in Burkina Faso

West African Resources Limited Intercepts 20.5M At 2.98 G/T Gold At MV3 East

Founder recently sold AU$2.7m worth of stock

Less than half of directors are independent

West African Resources Limited Announces Board and Committee Changes

Investor sentiment improved over the past week

High number of new directors

First half 2022 earnings released: EPS: AU$0.093 (vs AU$0.074 in 1H 2021)

West African Resources Limited Announces Results of Its Feasibility Study for the Kiaka Gold Project

WAF Hits 15M At 5.8 G/T Gold in RC Drilling At MV3

West African Resources Limited Hits 13M At 5.3 G/T Gold in First Pass Drilling At MV3

High number of new and inexperienced directors

West African Resources Limited, Annual General Meeting, May 13, 2022

Full year 2021 earnings released: EPS: AU$0.21 (vs AU$0.10 in FY 2020)

Investor sentiment improved over the past week

West African Resources Limited Announces Production Guidance for the Full Year of 2022

West African Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 126.51 million.

Investor sentiment deteriorated over the past week

Founder recently sold AU$1.4m worth of stock

West African Resources Limited (ASX:WAF) completed the acquisition of a 90% stake in Kiaka S.A from B2Gold Corp. (TSX:BTO) and GAMS-Mining F&I Ltd.

Investor sentiment improved over the past week

First half 2021 earnings released: EPS AU$0.074 (vs AU$0.003 in 1H 2020)

Full year 2020 earnings released: EPS AU$0.10 (vs AU$0.005 loss in FY 2019)

West African Resources Limited, Annual General Meeting, May 14, 2021

West African Resources Limited Announces Resource, Reserve and Production Guidance Update 2021

New 90-day low: AU$0.72

West African Resources Limited Appoints Rod Leonard as Lead Independent Director of the Board

West African Resources Limited Intercepts 6m At 20.6 G/T Gold and 6.5M At 16.1 G/T Gold Beneath Reserves At M1 South

West African Resources Limited(ASX:WAF) dropped from S&P/ASX Emerging Companies Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure