Fortune Minerals Management
Management criteria checks 3/4
Fortune Minerals' CEO is Robin Goad, appointed in Jan 1988, has a tenure of 36.92 years. total yearly compensation is CA$333.64K, comprised of 74.9% salary and 25.1% bonuses, including company stock and options. directly owns 2% of the company’s shares, worth CA$460.71K. The average tenure of the management team and the board of directors is 7.6 years and 10 years respectively.
Key information
Robin Goad
Chief executive officer
CA$333.6k
Total compensation
| CEO salary percentage | 74.9% |
| CEO tenure | 36.9yrs |
| CEO ownership | 2.0% |
| Management average tenure | 7.6yrs |
| Board average tenure | 10yrs |
Recent management updates
Recent updates
Would Fortune Minerals (TSE:FT) Be Better Off With Less Debt?
Dec 21
Fortune Minerals (TSE:FT) Is Making Moderate Use Of Debt
Sep 07Here's Why Fortune Minerals (TSE:FT) Can Afford Some Debt
May 25Would Fortune Minerals (TSE:FT) Be Better Off With Less Debt?
Nov 29Is Fortune Minerals (TSE:FT) Using Too Much Debt?
May 05Here's Why Fortune Minerals (TSE:FT) Can Afford Some Debt
Sep 02Fortune Minerals (TSE:FT) Is Making Moderate Use Of Debt
Mar 31We Think Fortune Minerals (TSE:FT) Has A Fair Chunk Of Debt
Nov 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$3m |
| Jun 30 2024 | n/a | n/a | -CA$3m |
| Mar 31 2024 | n/a | n/a | -CA$3m |
| Dec 31 2023 | CA$334k | CA$250k | -CA$3m |
| Sep 30 2023 | n/a | n/a | -CA$3m |
| Jun 30 2023 | n/a | n/a | -CA$3m |
| Mar 31 2023 | n/a | n/a | -CA$3m |
| Dec 31 2022 | CA$433k | CA$255k | -CA$3m |
| Sep 30 2022 | n/a | n/a | -CA$2m |
| Jun 30 2022 | n/a | n/a | -CA$562k |
| Mar 31 2022 | n/a | n/a | CA$2m |
| Dec 31 2021 | CA$331k | CA$247k | -CA$2m |
| Sep 30 2021 | n/a | n/a | -CA$2m |
| Jun 30 2021 | n/a | n/a | -CA$3m |
| Mar 31 2021 | n/a | n/a | -CA$5m |
| Dec 31 2020 | CA$304k | CA$296k | -CA$2m |
| Sep 30 2020 | n/a | n/a | -CA$82k |
| Jun 30 2020 | n/a | n/a | CA$263k |
| Mar 31 2020 | n/a | n/a | CA$253k |
| Dec 31 2019 | CA$357k | CA$349k | -CA$3m |
| Sep 30 2019 | n/a | n/a | -CA$4m |
| Jun 30 2019 | n/a | n/a | -CA$4m |
| Mar 31 2019 | n/a | n/a | CA$3m |
| Dec 31 2018 | CA$380k | CA$326k | CA$9m |
| Sep 30 2018 | n/a | n/a | CA$4m |
| Jun 30 2018 | n/a | n/a | CA$2m |
| Mar 31 2018 | n/a | n/a | -CA$5m |
| Dec 31 2017 | CA$401k | CA$326k | -CA$12m |
Compensation vs Market: Robin's total compensation ($USD232.32K) is above average for companies of similar size in the Canadian market ($USD163.68K).
Compensation vs Earnings: Robin's compensation has been consistent with company performance over the past year.
CEO
Robin Goad (66 yo)
36.9yrs
Tenure
CA$333,636
Compensation
Mr. Robin Ellis Goad, M.Sc., P.Geo., Co-founded Fortune Minerals Limited in 1988 and serves as its Chief Executive Officer and President. Mr. Goad oversees three mining and refinery projects undergoing env...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 36.9yrs | CA$333.64k | 2% CA$ 460.7k | |
| Interim Chief Financial Officer | 4.5yrs | CA$178.72k | 0.13% CA$ 29.2k | |
| Technical Director & Director | 7.6yrs | CA$20.00k | 0.020% CA$ 4.5k | |
| Investor Relations Manager | 13.5yrs | no data | no data | |
| Chief Metallurgist | less than a year | no data | no data | |
| Corporate Secretary | no data | no data | 0.021% CA$ 4.8k |
7.6yrs
Average Tenure
66yo
Average Age
Experienced Management: FT's management team is seasoned and experienced (7.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 36.2yrs | CA$333.64k | 2% CA$ 460.7k | |
| Technical Director & Director | 8.3yrs | CA$20.00k | 0.020% CA$ 4.5k | |
| Independent Chairman of the Board | 18.8yrs | CA$57.98k | 1.35% CA$ 310.4k | |
| Independent Director | 11.4yrs | CA$25.00k | 2.23% CA$ 513.0k | |
| Independent Director | 6.5yrs | CA$25.00k | 0.29% CA$ 67.5k | |
| Independent Director | 8.7yrs | CA$20.00k | 0.21% CA$ 47.4k |
10.0yrs
Average Tenure
65.5yo
Average Age
Experienced Board: FT's board of directors are seasoned and experienced ( 10 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 20:50 |
| End of Day Share Price | 2024/12/24 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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Fortune Minerals Limited is covered by 2 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 |
|---|---|
| Rodney Cooper | Eight Capital |
| Hendrik Visagie | Octagon Capital Corporation |