Centamin Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Martin Horgan

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	39.2%
CEO tenure	4yrs
CEO ownership	0.03%
Management average tenure	5.6yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Martin Horgan's remuneration changed compared to Centamin's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$2m	US$739k	US$92m
Sep 30 2023	n/a	n/a	US$86m
Jun 30 2023	n/a	n/a	US$79m
Mar 31 2023	n/a	n/a	US$76m
Dec 31 2022	US$2m	US$675k	US$72m
Sep 30 2022	n/a	n/a	US$100m
Jun 30 2022	n/a	n/a	US$127m
Mar 31 2022	n/a	n/a	US$114m
Dec 31 2021	US$1m	US$684k	US$102m
Sep 30 2021	n/a	n/a	US$120m
Jun 30 2021	n/a	n/a	US$139m
Mar 31 2021	n/a	n/a	US$148m
Dec 31 2020	US$1m	US$467k	US$156m

Compensation vs Market: Martin's total compensation ($USD1.89M) is about average for companies of similar size in the Canadian market ($USD2.25M).

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

CEO

Martin Horgan (49 yo)

4yrs

Tenure

US$1,886,453

Compensation

Mr. Martin Horgan serves as Chief Executive Officer and Director of Centamin Plc since April 6, 2020. He Co-Founded Toro Gold Ltd and served as its Chief Executive Officer from 2009 to 2019. Mr. Horgan is...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Martin Horgan	CEO & Executive Director	4yrs	US$1.89m	0.035% $ 874.6k
Ross Ian Jerrard	CFO & Executive Director	8yrs	US$1.43m	0.075% $ 1.9m
Riaan Nel	Group Financial Controller & Group Accountant	7.2yrs	no data	0.072% $ 1.8m
Craig Murray	Head of Risk	4.1yrs	no data	0.098% $ 2.5m
Howard Bills	Head of Exploration	no data	no data	no data
Paul Cannon	Head of Environmental	no data	no data	0.079% $ 2.0m
Amr Mohamed Hassouna	Country Manager (Egypt)	no data	no data	0.095% $ 2.4m
Michael Stoner	Head of Corporate	less than a year	no data	no data
Darren Le Masurier	Group Company Secretary	10.8yrs	no data	0.074% $ 1.9m
Michael Kriewaldt	Manager of Exploration	no data	US$52.56k	no data

5.6yrs

Average Tenure

Experienced Management: CEE's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Martin Horgan	CEO & Executive Director	4yrs	US$1.89m	0.035% $ 874.6k
Ross Ian Jerrard	CFO & Executive Director	6.2yrs	US$1.43m	0.075% $ 1.9m
Ibrahim Fawzy	Independent Non-Executive Director	5.7yrs	US$100.34k	0.012% $ 303.3k
Sally Eyre	Senior Independent Non Executive Director	5yrs	US$125.42k	0.0013% $ 32.4k
Catharine E. Farrow	Independent Non-Executive Director	4.6yrs	US$112.88k	0.0026% $ 65.1k
Mark Anthony Bankes	Independent Non-Executive Director	13.2yrs	US$132.37k	0.027% $ 691.5k
Iman Naguib	Independent Non-Executive Director	less than a year	no data	0.0033% $ 82.3k
Martie Cloete	Independent Non-Executive Director	4.6yrs	US$112.88k	0.0013% $ 32.4k
Hendrik Faul	Independent Non-Executive Director	3.8yrs	US$112.88k	no data
James Rutherford	Independent Non-Executive Chairman	4.3yrs	US$313.55k	0.022% $ 541.8k
Hoda Mansour	Independent Non-Executive Director	less than a year	no data	no data

4.6yrs

Average Tenure

58yo

Average Age

Experienced Board: CEE's board of directors are considered experienced (4.6 years average tenure).

Centamin Management

Management criteria checks 4/4

Key information

Recent management updates

Centamin plc, Annual General Meeting, May 21, 2024

Centamin plc Announces Board Changes

Insufficient new directors

CEO & Executive Director recently bought CA$167k worth of stock

CEO & Executive Director recently bought CA$166k worth of stock

High number of new directors

Recent updates

Centamin plc Reaffirms Production Guidance for the Year 2024

Centamin plc Provides Production Guidance for the Full Year 2024

Full year 2023 earnings: EPS misses analyst expectations

Centamin plc Proposes Final Dividend for the Six Months Ended 31 December 2023, Payable on 19 June 2024

Centamin plc, Annual General Meeting, May 21, 2024

Centamin plc Announces Board Changes

Centamin plc Provides Production Guidance for the Full Year 2023

Centamin plc to Report Q3, 2023 Results on Oct 19, 2023

Upcoming dividend of US$0.02 per share at 3.5% yield

First half 2023 earnings released: EPS: US$0.079 (vs US$0.074 in 1H 2022)

Centamin plc Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 29 September 2023

Centamin plc to Report Q2, 2023 Results on Jul 26, 2023

Centamin plc Approves Final Dividend for the Year Ended December 31, 2022

Insufficient new directors

CEO & Executive Director recently bought CA$167k worth of stock

CEO & Executive Director recently bought CA$166k worth of stock

Full year 2022 earnings released: EPS: US$0.063 (vs US$0.088 in FY 2021)

Centamin plc Provides Production Guidance for the Year 2023

Centamin plc to Report Fiscal Year 2022 Final Results on Mar 16, 2023

Centamin plc to Report Fiscal Year 2022 Results on Jan 19, 2023

Centamin plc Provides Doropo Pre-Feasibility Study Update

High number of new directors

Investor sentiment improved over the past week

Centamin plc Provides Production Guidance for the Year 2022

Investor sentiment improved over the past week

Upcoming dividend of US$0.025 per share

First half 2022 earnings released: EPS: US$0.074 (vs US$0.052 in 1H 2021)

Centamin plc Re-Affirms Production Guidance for the Full Year 2022

Centamin plc to Report First Half, 2022 Results on Aug 04, 2022

Centamin plc Re-Affirms Production Guidance for the Full Year 2022

Centamin Announces Update Summarizing Progress on the Ongoing Exploration Initiatives Across It's Prospective Portfolio in Egypt and West Africa

CFO & Executive Director recently bought CA$89k worth of stock

Centamin plc Approves Final Dividend

High number of new directors

Centamin plc Provides Production Guidance for the Year 2022

Centamin plc to Report Q3, 2022 Results on Oct 19, 2022

Centamin plc to Report Q1, 2022 Results on Apr 20, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Centamin plc to Report Fiscal Year 2021 Results on Mar 16, 2022

Centamin plc Reaffirms Production Guidance for 2022

Centamin plc Reaffirms Production Guidance for the Year 2022

Centamin plc Provides Production Guidance for the Year 2022, 2023, and 2024

Independent Non-Executive Director recently bought CA$63k worth of stock

Upcoming dividend of US$0.04 per share

First half 2021 earnings released: EPS US$0.053 (vs US$0.066 in 1H 2020)

Centamin plc Approves the Declaration of Final Dividend for the Year 2020

Independent Non-Executive Director recently bought CA$254k worth of stock

Independent Non-Executive Chairman recently bought CA$90k worth of stock

Full year 2020 earnings released: EPS US$0.14 (vs US$0.076 in FY 2019)

Centamin plc to Report Fiscal Year 2020 Results on Mar 22, 2021

New 90-day low: CA$1.90

Independent Non-Executive Chairman recently bought CA$205k worth of stock

New 90-day low: CA$1.95

Market pulls back on stock over the past week

New 90-day low: CA$2.35

Market pulls back on stock over the past week

Independent Non-Executive Chairman recently bought CA$261k worth of stock

Centamin plc Detects Movement in a Localised Area of Waste Material in the Sukari Open Pit Stage 4 West Wall

New 90-day low: CA$2.80

Insider recently sold CA$742.3k worth of stock

New 90-day high - CA$3.80

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members