Erdene Resource Development Management
Management criteria checks 2/4
Erdene Resource Development's CEO is Peter Akerley, appointed in Mar 2003, has a tenure of 21.75 years. total yearly compensation is CA$845.84K, comprised of 47.8% salary and 52.2% bonuses, including company stock and options. directly owns 0.88% of the company’s shares, worth CA$1.70M. The average tenure of the management team and the board of directors is 13.8 years and 8.5 years respectively.
Key information
Peter Akerley
Chief executive officer
CA$845.8k
Total compensation
| CEO salary percentage | 47.8% |
| CEO tenure | 21.8yrs |
| CEO ownership | 0.9% |
| Management average tenure | 13.8yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
Companies Like Erdene Resource Development (TSE:ERD) Are In A Position To Invest In Growth
Sep 17
Is Erdene Resource Development (TSE:ERD) Using Too Much Debt?
Mar 04Is Erdene Resource Development (TSE:ERD) A Risky Investment?
Nov 16Is Erdene Resource Development (TSE:ERD) A Risky Investment?
Jul 28Is Erdene Resource Development (TSE:ERD) In A Good Position To Invest In Growth?
Apr 14CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$7m |
| Jun 30 2024 | n/a | n/a | -CA$7m |
| Mar 31 2024 | n/a | n/a | -CA$8m |
| Dec 31 2023 | CA$846k | CA$405k | CA$522k |
| Sep 30 2023 | n/a | n/a | CA$621k |
| Jun 30 2023 | n/a | n/a | -CA$159k |
| Mar 31 2023 | n/a | n/a | CA$651k |
| Dec 31 2022 | CA$642k | CA$357k | -CA$6m |
| Sep 30 2022 | n/a | n/a | -CA$7m |
| Jun 30 2022 | n/a | n/a | -CA$7m |
| Mar 31 2022 | n/a | n/a | -CA$6m |
| Dec 31 2021 | CA$591k | CA$331k | -CA$6m |
| Sep 30 2021 | n/a | n/a | -CA$5m |
| Jun 30 2021 | n/a | n/a | -CA$7m |
| Mar 31 2021 | n/a | n/a | -CA$13m |
| Dec 31 2020 | CA$570k | CA$308k | -CA$13m |
| Sep 30 2020 | n/a | n/a | -CA$12m |
| Jun 30 2020 | n/a | n/a | -CA$9m |
| Mar 31 2020 | n/a | n/a | -CA$3m |
| Dec 31 2019 | CA$466k | CA$296k | -CA$3m |
| Sep 30 2019 | n/a | n/a | -CA$3m |
| Jun 30 2019 | n/a | n/a | -CA$3m |
| Mar 31 2019 | n/a | n/a | -CA$3m |
| Dec 31 2018 | CA$656k | CA$298k | -CA$4m |
Compensation vs Market: Peter's total compensation ($USD588.33K) is above average for companies of similar size in the Canadian market ($USD167.17K).
Compensation vs Earnings: Peter's compensation has increased whilst the company is unprofitable.
CEO
Peter Akerley (61 yo)
21.8yrs
Tenure
CA$845,841
Compensation
Mr. Peter C. Akerley, B.Sc., has been the Chief Executive Officer and President of Erdene Resource Development Corporation since March 2003. Mr. Akerley has been the President of BRM Exploration Ltd. since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 21.8yrs | CA$845.84k | 0.88% CA$ 1.7m | |
| VP & CFO | 5.6yrs | CA$436.44k | 0.32% CA$ 614.7k | |
| Vice President of Exploration | 7.9yrs | CA$329.49k | no data | |
| Chief Development Officer of Erdene Mongol LLC | less than a year | CA$528.48k | no data | |
| Chief Administrative Officer | 19.8yrs | no data | no data | |
| Director of External Relations & Communications | no data | no data | no data | |
| Chief Geologist of Mongolia | no data | no data | no data | |
| Senior Geologist | no data | no data | no data | |
| Corporate Secretary | 21.8yrs | no data | no data | |
| Chief Executive Officer of Erdene Mongol LLC | no data | no data | no data |
13.8yrs
Average Tenure
Experienced Management: ERD's management team is seasoned and experienced (13.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 21.8yrs | CA$845.84k | 0.88% CA$ 1.7m | |
| Independent Director | 8.5yrs | CA$83.20k | 0.26% CA$ 496.1k | |
| Independent Director | 5.5yrs | CA$86.00k | 0.59% CA$ 1.1m | |
| Independent & Non-Executive Director | 5.3yrs | CA$82.00k | no data | |
| Independent Non-Executive Director | 6.8yrs | CA$80.00k | 0.15% CA$ 290.3k | |
| Independent Chairman of the Board | 9.4yrs | CA$160.00k | 0.39% CA$ 758.2k | |
| Independent Director | 8.5yrs | CA$89.20k | 0.070% CA$ 135.6k |
8.5yrs
Average Tenure
67yo
Average Age
Experienced Board: ERD's board of directors are considered experienced (8.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 11:01 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Erdene Resource Development Corporation is covered by 1 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 |
|---|---|
| Nelson Mah | Northern Securities |