Ivanhoe Mines Ltd.

TSX:IVN Stock Report

Market Cap: CA$23.2b

Ivanhoe Mines Management

Management criteria checks 3/4

Ivanhoe Mines' CEO is Marna Cloete, appointed in Mar 2020, has a tenure of 4.75 years. total yearly compensation is $4.38M, comprised of 20.2% salary and 79.8% bonuses, including company stock and options. directly owns 0.055% of the company’s shares, worth CA$12.70M. The average tenure of the management team and the board of directors is 3.1 years and 5.5 years respectively.

Key information

Marna Cloete

Chief executive officer

US$4.4m

Total compensation

CEO salary percentage20.2%
CEO tenure4.8yrs
CEO ownership0.05%
Management average tenure3.1yrs
Board average tenure5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Marna Cloete's remuneration changed compared to Ivanhoe Mines's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$157m

Jun 30 2024n/an/a

US$151m

Mar 31 2024n/an/a

US$167m

Dec 31 2023US$4mUS$884k

US$319m

Sep 30 2023n/an/a

US$333m

Jun 30 2023n/an/a

US$247m

Mar 31 2023n/an/a

US$471m

Dec 31 2022US$4mUS$750k

US$411m

Sep 30 2022n/an/a

US$415m

Jun 30 2022n/an/a

US$478m

Mar 31 2022n/an/a

US$58m

Dec 31 2021US$7mUS$650k

US$55m

Sep 30 2021n/an/a

US$4m

Jun 30 2021n/an/a

-US$87m

Mar 31 2021n/an/a

US$13m

Dec 31 2020US$1mUS$452k

-US$20m

Sep 30 2020n/an/a

-US$8m

Jun 30 2020n/an/a

-US$4m

Mar 31 2020n/an/a

US$4m

Dec 31 2019US$2mUS$465k

US$19m

Sep 30 2019n/an/a

US$52m

Jun 30 2019n/an/a

US$48m

Mar 31 2019n/an/a

US$38m

Dec 31 2018US$811kUS$463k

US$26m

Sep 30 2018n/an/a

US$183m

Jun 30 2018n/an/a

US$174m

Mar 31 2018n/an/a

US$171m

Dec 31 2017US$974kUS$417k

US$170m

Compensation vs Market: Marna's total compensation ($USD4.38M) is below average for companies of similar size in the Canadian market ($USD7.76M).

Compensation vs Earnings: Marna's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Marna Cloete (47 yo)

4.8yrs

Tenure

US$4,379,780

Compensation

Ms. Martie Cloete, also known as Marna, serves as President at Ivanhoe Mines Limited since March 11, 2020 and served as its Chief Financial Officer since December 2009 until November 12, 2021. Ms. Cloete h...

Leadership Team

NamePositionTenureCompensationOwnership
Robert Martin Friedland
Founder & Executive Co-Chairman24.1yrsUS$5.02m12.23%
CA$ 2.8b
Martie Cloete
President4.8yrsUS$4.38m0.055%
CA$ 12.7m
David Van Heerden
Chief Financial Officer3.1yrsUS$1.47m0.0029%
CA$ 678.7k
Mark Farren
Chief Operating Officer2.1yrsUS$2.46m0.022%
CA$ 5.2m
Olivier Binyingo
Executive Vice President of DRCless than a yearUS$1.97m0.0059%
CA$ 1.4m
Matthew Keevil
Director of Investor Relations & Corporate Communicationsno datano datano data
Mary Vincelli
VP of Compliance & Corporate Secretaryno datano data0.0077%
CA$ 1.8m
Alex Pickard
Executive Vice President of Corporate Development & Investor Relationsno datano datano data
Setha Makhesha
Executive Vice President of Sustainability & Special Projects10.3yrsUS$1.43m0.0054%
CA$ 1.2m
Steve Amos
Executive Vice President of Projects2.3yrsno data0.0060%
CA$ 1.4m

3.1yrs

Average Tenure

58yo

Average Age

Experienced Management: IVN's management team is considered experienced (3.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Robert Martin Friedland
Founder & Executive Co-Chairman24.1yrsUS$5.02m12.23%
CA$ 2.8b
Peter Meredith
Independent Director26.6yrsUS$247.92k0.061%
CA$ 14.0m
William Hayden
Independent Director17.8yrsUS$235.50k0.043%
CA$ 9.9m
Jinghe Chen
Non-Executive Director5.5yrsUS$222.00k0%
CA$ 0
Martie Jacoba Van Rensburg
Independent Non-Executive Director4.3yrsUS$266.08k0.0013%
CA$ 296.5k
Phumzile Mlambo-Ngcuka
Independent Director1.5yrsUS$130.34kno data
Weibao Hao
Non-Executive Co-Chairman1.4yrsUS$124.44kno data
Kgalema Motlanthe
Independent Director6.7yrsUS$228.00k0.0043%
CA$ 993.8k
Tadeu Carneiro
Lead Independent Director6.3yrsUS$289.96k0.044%
CA$ 10.3m
Manfu Ma
Non-Independent Non-Executive Director5.3yrsUS$247.29kno data
Delphine Traore
Independent Director1.5yrsUS$131.84k0.00043%
CA$ 99.6k

5.5yrs

Average Tenure

67yo

Average Age

Experienced Board: IVN's board of directors are considered experienced (5.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:50
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Ivanhoe Mines Ltd. is covered by 31 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander Robert PearceBMO Capital Markets Equity Research
Lawson WinderBofA Global Research
Anthony LesiakCanaccord Genuity