Foran Mining Management
Management criteria checks 2/4
Foran Mining's CEO is Dan Myerson, appointed in Nov 2020, has a tenure of 4.08 years. total yearly compensation is CA$1.58M, comprised of 30% salary and 70% bonuses, including company stock and options. directly owns 1.34% of the company’s shares, worth CA$22.05M. The average tenure of the management team and the board of directors is 1.3 years and 2.4 years respectively.
Key information
Dan Myerson
Chief executive officer
CA$1.6m
Total compensation
| CEO salary percentage | 30.0% |
| CEO tenure | 4.1yrs |
| CEO ownership | 1.3% |
| Management average tenure | 1.3yrs |
| Board average tenure | 2.4yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$6m |
| Jun 30 2024 | n/a | n/a | -CA$7m |
| Mar 31 2024 | n/a | n/a | -CA$8m |
| Dec 31 2023 | CA$2m | CA$475k | -CA$14m |
| Sep 30 2023 | n/a | n/a | -CA$12m |
| Jun 30 2023 | n/a | n/a | -CA$12m |
| Mar 31 2023 | n/a | n/a | -CA$13m |
| Dec 31 2022 | CA$2m | CA$375k | -CA$10m |
| Sep 30 2022 | n/a | n/a | -CA$7m |
| Jun 30 2022 | n/a | n/a | -CA$6m |
| Mar 31 2022 | n/a | n/a | -CA$6m |
| Dec 31 2021 | CA$1m | n/a | -CA$4m |
| Sep 30 2021 | n/a | n/a | -CA$4m |
| Jun 30 2021 | n/a | n/a | -CA$4m |
| Mar 31 2021 | n/a | n/a | -CA$3m |
| Dec 31 2020 | CA$179k | n/a | -CA$2m |
Compensation vs Market: Dan's total compensation ($USD1.10M) is below average for companies of similar size in the Canadian market ($USD1.83M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
CEO
Dan Myerson (36 yo)
4.1yrs
Tenure
CA$1,581,634
Compensation
Mr. Daniel Myerson, also known as Dan, MFin., serves as Executive Chairman at Foran Mining Corporation since November 01, 2020 and serves as its Chief Executive Officer since November 09, 2020. He served a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Chairman | 4.1yrs | CA$1.58m | 1.34% CA$ 22.0m | |
| Chief Financial Officer | 3.5yrs | CA$1.03m | 0.0071% CA$ 117.7k | |
| Chief Operating Officer | 1.3yrs | CA$711.33k | no data | |
| Vice President of Technical Services | 1.3yrs | CA$423.44k | no data | |
| Senior Advisor | 1.3yrs | CA$1.30m | no data | |
| Vice President of Exploration | 1.3yrs | CA$541.82k | no data | |
| Vice President of Legal | less than a year | no data | no data | |
| Vice President of Human Resources | less than a year | no data | no data | |
| Vice President of Capital Markets & External Affairs | 1.9yrs | no data | no data | |
| Vice President of Projects | no data | no data | no data |
1.3yrs
Average Tenure
Experienced Management: FOM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Chairman | 4.1yrs | CA$1.58m | 1.34% CA$ 22.0m | |
| Independent Director | 12.7yrs | CA$226.24k | 0.14% CA$ 2.3m | |
| Independent Director | less than a year | no data | 0.0032% CA$ 52.7k | |
| Lead Independent Director | 13.8yrs | CA$221.74k | 0.72% CA$ 11.9m | |
| Member of Advisory Board | 1.9yrs | CA$407.44k | no data | |
| Independent Director | 1.6yrs | CA$218.49k | no data | |
| Independent Director | 1.6yrs | CA$191.87k | no data | |
| Independent Director | 3.3yrs | CA$251.14k | no data | |
| Member of Advisory Board | 2.9yrs | no data | no data | |
| Independent Director | 1.8yrs | CA$265.10k | no data |
2.4yrs
Average Tenure
56.5yo
Average Age
Experienced Board: FOM's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:21 |
| End of Day Share Price | 2024/12/20 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Foran Mining Corporation is covered by 20 analysts. 3 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 |
|---|---|
| Alexander Robert Pearce | BMO Capital Markets Equity Research |
| William Thomas Dymott | Cavendish Historical (Cenkos Securities) |
| Stefan Ioannou | Cormark Securities Inc. |