Mandalay Resources Management
Management criteria checks 3/4
Mandalay Resources' CEO is Frazer Bourchier, appointed in Apr 2023, has a tenure of 2.17 years. total yearly compensation is $1.32M, comprised of 20.2% salary and 79.8% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth CA$1.40M. The average tenure of the management team and the board of directors is 2.3 years and 7.1 years respectively.
Key information
Frazer Bourchier
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 20.22% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.3yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
Exploration Successes At Costerfield And Björkdal Will Boost Future Production
Emphasis on high-margin production and cost efficiency is set to improve earnings stability and net margins over time.Investors Still Aren't Entirely Convinced By Mandalay Resources Corporation's (TSE:MND) Earnings Despite 28% Price Jump
Dec 11
Mandalay Resources' (TSE:MND) Solid Earnings Are Supported By Other Strong Factors
Nov 15Is Mandalay Resources (TSE:MND) A Risky Investment?
Sep 12Mandalay Resources Corporation's (TSE:MND) 60% Share Price Surge Not Quite Adding Up
Apr 24Investors Will Want Mandalay Resources' (TSE:MND) Growth In ROCE To Persist
Jan 30Here's Why Mandalay Resources (TSE:MND) Has A Meaningful Debt Burden
Oct 24There's Been No Shortage Of Growth Recently For Mandalay Resources' (TSE:MND) Returns On Capital
Oct 04Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Jul 12Mandalay Resources (TSE:MND) Is Doing The Right Things To Multiply Its Share Price
Jun 15Under The Bonnet, Mandalay Resources' (TSE:MND) Returns Look Impressive
Oct 04Mandalay Resources (TSE:MND) Seems To Use Debt Quite Sensibly
Aug 23Why We Like The Returns At Mandalay Resources (TSE:MND)
Jun 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$57m |
| Dec 31 2024 | n/a | n/a | US$48m |
| Sep 30 2024 | n/a | n/a | US$30m |
| Jun 30 2024 | n/a | n/a | US$29m |
| Mar 31 2024 | n/a | n/a | US$13m |
| Dec 31 2023 | US$1m | US$267k | US$8m |
Compensation vs Market: Frazer's total compensation ($USD1.32M) is about average for companies of similar size in the Canadian market ($USD1.10M).
Compensation vs Earnings: Insufficient data to compare Frazer's compensation with company performance.
CEO
Frazer Bourchier (59 yo)
Mr. Frazer William Bourchier, BASc, MASc, P.Eng. has been President, Chief Executive Officer and Director at Mandalay Resources Corporation since April 03, 2023. Mr. Bourchier had been President Chief Exec...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.2yrs | US$1.32m | 0.29% CA$ 1.4m | |
| Chief Operating Officer | 2.5yrs | US$606.46k | 0.12% CA$ 571.4k | |
| Vice President of Operational Geology & Exploration | 5.3yrs | US$443.79k | 0.12% CA$ 561.1k | |
| Executive VP & Chief Development Officer | 1.6yrs | US$272.35k | 0.026% CA$ 126.4k | |
| CFO & Executive VP | 1.3yrs | no data | 0.071% CA$ 344.7k | |
| Senior Director of Corporate Affairs & Corporate Secretary | 8.3yrs | no data | no data |
Experienced Management: MND's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.2yrs | US$1.32m | 0.29% CA$ 1.4m | |
| Independent Director | 15.2yrs | US$101.89k | 0.27% CA$ 1.3m | |
| Non-Independent Chairman | 15.8yrs | US$205.68k | 0.087% CA$ 421.0k | |
| Independent Director | 4.1yrs | US$98.12k | no data | |
| Independent Director | less than a year | no data | no data | |
| Lead Independent Director | 9.1yrs | US$101.89k | 0.13% CA$ 640.5k | |
| Non-Executive & Non-Independent Director | 7.1yrs | US$464.25k | 1.05% CA$ 5.1m |
Experienced Board: MND's board of directors are considered experienced (7.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/12 21:28 |
| End of Day Share Price | 2025/06/12 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
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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.
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 Github.
Analyst Sources
Mandalay Resources Corporation is covered by 10 analysts. 2 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 |
|---|---|
| Brian Quast | BMO Capital Markets Equity Research |
| Michael Parkin | Desjardins Securities Inc. |
| Benjamin Asuncion | Haywood Securities Inc. |