Shareholders Would Not Be Objecting To Avino Silver & Gold Mines Ltd.'s (TSE:ASM) CEO Compensation And Here's Why
Key Insights
- Avino Silver & Gold Mines to hold its Annual General Meeting on 27th of May
- CEO David Wolfin's total compensation includes salary of US$281.0k
- The overall pay is comparable to the industry average
- Avino Silver & Gold Mines' total shareholder return over the past three years was 340% while its EPS grew by 184% over the past three years
The performance at Avino Silver & Gold Mines Ltd. (TSE:ASM) has been quite strong recently and CEO David Wolfin has played a role in it. Coming up to the next AGM on 27th of May, shareholders would be keeping this in mind. The focus will probably be on the future company strategy as shareholders cast their votes on resolutions such as executive remuneration and other matters. Here is our take on why we think CEO compensation is not extravagant.
Check out our latest analysis for Avino Silver & Gold Mines
Comparing Avino Silver & Gold Mines Ltd.'s CEO Compensation With The Industry
Our data indicates that Avino Silver & Gold Mines Ltd. has a market capitalization of CA$537m, and total annual CEO compensation was reported as US$753k for the year to December 2024. That's a slight decrease of 3.9% on the prior year. While we always look at total compensation first, our analysis shows that the salary component is less, at US$281k.
In comparison with other companies in the Canadian Metals and Mining industry with market capitalizations ranging from CA$279m to CA$1.1b, the reported median CEO total compensation was US$950k. This suggests that Avino Silver & Gold Mines remunerates its CEO largely in line with the industry average. What's more, David Wolfin holds CA$13m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
| Component | 2024 | 2023 | Proportion (2024) |
| Salary | US$281k | US$285k | 37% |
| Other | US$472k | US$498k | 63% |
| Total Compensation | US$753k | US$784k | 100% |
Speaking on an industry level, nearly 95% of total compensation represents salary, while the remainder of 5% is other remuneration. Avino Silver & Gold Mines pays a modest slice of remuneration through salary, as compared to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
Avino Silver & Gold Mines Ltd.'s Growth
Over the past three years, Avino Silver & Gold Mines Ltd. has seen its earnings per share (EPS) grow by 184% per year. Its revenue is up 56% over the last year.
This demonstrates that the company has been improving recently and is good news for the shareholders. It's great to see that revenue growth is strong, too. These metrics suggest the business is growing strongly. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.
Has Avino Silver & Gold Mines Ltd. Been A Good Investment?
We think that the total shareholder return of 340%, over three years, would leave most Avino Silver & Gold Mines Ltd. 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. Instead, investors might be more interested in discussions that would help manage their longer-term growth expectations such as company business strategies and future growth potential.
CEO compensation can have a massive impact on performance, but it's just one element. That's why we did some digging and identified 1 warning sign for Avino Silver & Gold Mines that you should be aware of before investing.
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.
Valuation is complex, but we're here to simplify it.
Discover if Avino Silver & Gold Mines might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.