NGEx Minerals Ltd.

TSX:NGEX Stock Report

Market Cap: CA$5.5b

NGEx Minerals Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Wojtek Wodzicki

Chief executive officer

CA$5.5m

Total compensation

CEO salary percentage9.19%
CEO tenure7.3yrs
CEO ownership1.0%
Management average tenure1.7yrs
Board average tenure6.9yrs

Recent management updates

Recent updates

Narrative Update • Jun 05

(Deep Dive) NGEx Minerals, Legendary Lundin Backed, Spectacular Grades + Giant Scale Is A Must Watch

In this video, we break down why NGEx is one of the most exciting copper-gold discovery stories in the market. We cover Lunahuasi’s spectacular high-grade drill results, Los Helados as a massive resource-backed anchor and why the Lundin connection gives this story real strategic weight.
New Narrative • Jun 03

Lundin-Backed: 10x High-Grade Copper-Gold Discovery + Billion-Pound Resource Anchor

Disclaimer This material is provided for informational and educational purposes only and should not be considered financial, investment, legal, tax, or other professional advice. The views expressed are based on publicly available information, company filings, technical reports, news releases, corporate presentations, and personal analysis at the time of writing, and they may change without notice.
Analysis Article • Jul 14

Here's Why We're Not Too Worried About NGEx Minerals' (TSE:NGEX) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • Jun 17

Is There An Opportunity With NGEx Minerals Ltd.'s (TSE:NGEX) 43% Undervaluation?

Key Insights Using the 2 Stage Free Cash Flow to Equity, NGEx Minerals fair value estimate is CA$26.33 Current share...
Analysis Article • Mar 29

Here's Why We're Not At All Concerned With NGEx Minerals' (TSE:NGEX) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article • Aug 21

Companies Like NGEx Minerals (TSE:NGEX) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Analysis Article • Apr 17

We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Analysis Article • Dec 21

We're Hopeful That NGEx Minerals (CVE:NGEX) Will Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. By way of example, NGEx...
Analysis Article • Apr 08

Is NGEx Minerals (CVE:NGEX) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article • Jul 07

NGEx Minerals (CVE:NGEX) Is In A Good Position To Deliver On Growth Plans

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, NGEx Minerals ( CVE:NGEX...

CEO Compensation Analysis

How has Wojtek Wodzicki's remuneration changed compared to NGEx Minerals's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-CA$132m

Dec 31 2025CA$5mCA$505k

-CA$123m

Sep 30 2025n/an/a

-CA$112m

Jun 30 2025n/an/a

-CA$93m

Mar 31 2025n/an/a

-CA$79m

Dec 31 2024CA$3mCA$439k

-CA$64m

Sep 30 2024n/an/a

-CA$46m

Jun 30 2024n/an/a

-CA$40m

Mar 31 2024n/an/a

-CA$42m

Dec 31 2023CA$3mCA$400k

-CA$38m

Sep 30 2023n/an/a

-CA$37m

Jun 30 2023n/an/a

-CA$39m

Mar 31 2023n/an/a

-CA$39m

Dec 31 2022CA$2mCA$369k

-CA$32m

Sep 30 2022n/an/a

-CA$27m

Jun 30 2022n/an/a

-CA$22m

Mar 31 2022n/an/a

-CA$13m

Dec 31 2021CA$563kCA$354k

-CA$5m

Sep 30 2021n/an/a

-CA$4m

Jun 30 2021n/an/a

-CA$5m

Mar 31 2021n/an/a

-CA$5m

Dec 31 2020CA$509kCA$297k

-CA$6m

Sep 30 2020n/an/a

-CA$6m

Jun 30 2020n/an/a

-CA$6m

Mar 31 2020n/an/a

-CA$6m

Dec 31 2019CA$384kCA$92k

-CA$5m

Compensation vs Market: Wojtek's total compensation ($USD3.88M) is about average for companies of similar size in the Canadian market ($USD3.16M).

Compensation vs Earnings: Wojtek's compensation has increased whilst the company is unprofitable.

CEO

Wojtek Wodzicki (63 yo)

7.3yrs
Tenure
CA$5,494,049
Compensation

Dr. Wojtek A. Wodzicki, P.Geo. (BC), is an Non Independent Director of LunR Royalties Corp. from October 15, 2025. Dr. Wodzicki serves as Chief Executive Officer, President at NGEx Minerals Ltd. and serves...

Leadership Team

NamePositionTenureCompensationOwnership
Wojtek Wodzicki
Presidentno dataCA$5.49m0.95%
CA$ 52.7m
Arndt Brettschneider
Vice President Operations & Projects1.4yrsCA$3.74m0.0046%
CA$ 255.3k
Finlay Heppenstall
VP of Corporate Development & Investor Relations1.7yrsCA$2.47m0.0063%
CA$ 347.8k
Robert Carmichael
Vice President of Explorationno dataCA$2.67m0.35%
CA$ 19.4m
Alexander Shing Tong
Chief Financial Officerno datano datano data
Judy McCall
Corporate Secretary4.6yrsno data0.00092%
CA$ 51.0k
Martin Rode
General Manager of South America Operations4.4yrsCA$1.08mno data
Fernando Caruso
Consultantno datano datano data
1.7yrs
Average Tenure
62yo
Average Age

Experienced Management: NGEX's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Wojtek Wodzicki
President7.3yrsCA$5.49m0.95%
CA$ 52.7m
William Rand
Independent Non-Executive Chairman6.9yrsCA$1.10m0.40%
CA$ 22.0m
Alessandro Bitelli
Independent Director3yrsCA$1.10m0.088%
CA$ 4.8m
Neil Patrick O'Brien
Non-Independent Director6.9yrsCA$1.09m0.18%
CA$ 9.7m
Peter O'Callaghan
Independent Directorless than a yearno data0.0067%
CA$ 370.5k
Adam Lundin
Independent Director6.9yrsCA$1.09m0.84%
CA$ 46.5m
Joyce Ngo
Independent Director1yrCA$1.07m0.0050%
CA$ 274.7k
Cheri Pedersen
Independent Director6.9yrsCA$1.09m0.28%
CA$ 15.5m
Erin Johnston
Director1yrCA$1.07m0.0084%
CA$ 467.5k
6.9yrs
Average Tenure
66yo
Average Age

Experienced Board: NGEX's board of directors are considered experienced (6.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/22 20:51
End of Day Share Price 2026/06/19 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

NGEx Minerals Ltd. is covered by 17 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.

AnalystInstitution
Stefan IoannouATB Cormark
Rene CartierBMO Capital Markets Equity Research
Alexander Robert PearceBMO Capital Markets Equity Research