Gatos Silver Management
Management criteria checks 1/4
Gatos Silver's CEO is Dale Andres, appointed in Apr 2022, has a tenure of 2.08 years. total yearly compensation is $4.04M, comprised of 16.1% salary and 83.9% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth CA$2.57M. The average tenure of the management team and the board of directors is 1.8 years and 4.3 years respectively.
Key information
Dale Andres
Chief executive officer
US$4.0m
Total compensation
| CEO salary percentage | 16.1% |
| CEO tenure | 2.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.8yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$15m |
| Dec 31 2023 | US$4m | US$650k | US$13m |
| Sep 30 2023 | n/a | n/a | US$5m |
| Jun 30 2023 | n/a | n/a | US$5m |
| Mar 31 2023 | n/a | n/a | US$14m |
| Dec 31 2022 | US$2m | US$630k | US$15m |
| Sep 30 2022 | n/a | n/a | -US$53m |
| Jun 30 2022 | n/a | n/a | -US$71m |
| Mar 31 2022 | n/a | n/a | -US$63m |
| Dec 31 2021 | US$5m | US$335k | -US$66m |
Compensation vs Market: Dale's total compensation ($USD4.04M) is above average for companies of similar size in the Canadian market ($USD1.71M).
Compensation vs Earnings: Dale's compensation has increased by more than 20% in the past year.
CEO
Dale Andres (54 yo)
2.1yrs
Tenure
US$4,037,856
Compensation
Mr. Dale E. Andres serves as an Independent Director at Artemis Gold Inc. since May 8, 2023. He serves as Chief Executive Officer and Director at Gatos Silver, Inc. since April 8, 2022. Mr. Andres was Inte...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.1yrs | US$4.04m | 0.23% $ 2.6m | |
| Chief Financial Officer | 1.8yrs | US$2.00m | 0% $ 0 | |
| Senior Vice President of Corporate Development & Technical Services | 2.3yrs | US$1.69m | 0.043% $ 481.8k | |
| General Manager of Operations | 1.6yrs | no data | no data | |
| General Counsel & Chief Compliance Officer | 1.6yrs | no data | 0.029% $ 321.3k | |
| Vice President of Exploration & Technical Services | no data | no data | no data |
1.8yrs
Average Tenure
50.5yo
Average Age
Experienced Management: GATO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.1yrs | US$4.04m | 0.23% $ 2.6m | |
| Independent Director | 12.7yrs | US$301.50k | 0.0065% $ 71.9k | |
| Independent Director | 3.6yrs | US$246.50k | 0% $ 0 | |
| Independent Chairperson | 4.6yrs | US$394.00k | 0.014% $ 160.6k | |
| Independent Director | 5yrs | US$243.50k | 0.12% $ 1.3m | |
| Independent Director | 3.1yrs | US$243.00k | 0% $ 0 | |
| Independent Director | 4.6yrs | US$312.75k | 0.014% $ 160.6k | |
| Independent Director | 3.9yrs | US$344.00k | 0% $ 0 |
4.3yrs
Average Tenure
64yo
Average Age
Experienced Board: GATO's board of directors are considered experienced (4.3 years average tenure).