NGEx Minerals Ltd.

TSX:NGEX Stock Report

Market Cap: CA$5.7b

NGEx Minerals Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Wojtek Wodzicki

Chief executive officer

CA$3.4m

Total compensation

CEO salary percentage13.05%
CEO tenure7.3yrs
CEO ownership1.0%
Management average tenure4.3yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

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...
Analysis Article • Mar 24

Would NGEx Minerals (CVE:NGEX) Be Better Off With Less Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

CEO Compensation Analysis

How has Wojtek Wodzicki's remuneration changed compared to NGEx Minerals's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

-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 ($USD2.46M) is about average for companies of similar size in the Canadian market ($USD3.11M).

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

CEO

Wojtek Wodzicki (62 yo)

7.3yrs
Tenure
CA$3,360,065
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$3.36m0.95%
CA$ 54.4m
Jeffrey Yip
Chief Financial Officer6.7yrsCA$1.54m0.24%
CA$ 14.0m
Finlay Heppenstall
VP of Corporate Development & Investor Relations1.6yrsCA$1.47m0.0063%
CA$ 359.3k
Robert Carmichael
Vice President of Explorationno dataCA$1.35m0.35%
CA$ 20.0m
Martin Rode
General Manager of South America Operations4.3yrsCA$1.08mno data
Arndt Brettschneider
Vice President Operations & Projects1.3yrsno data0.0046%
CA$ 263.7k
Judy McCall
Corporate Secretary4.5yrsno data0.00092%
CA$ 52.6k
Fernando Caruso
Consultantno datano datano data
4.3yrs
Average Tenure

Experienced Management: NGEX's management team is considered experienced (4.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Wojtek Wodzicki
President7.3yrsCA$3.36m0.95%
CA$ 54.4m
William Rand
Independent Non-Executive Chairman6.8yrsCA$429.21k0.40%
CA$ 22.7m
Alessandro Bitelli
Independent Director2.9yrsCA$430.12k0.088%
CA$ 5.0m
Neil Patrick O'Brien
Non-Independent Director6.8yrsCA$422.81k0.18%
CA$ 10.0m
Peter O'Callaghan
Directorless than a yearno data0.0067%
CA$ 382.7k
Adam Lundin
Independent Director6.8yrsCA$422.42k0.84%
CA$ 48.0m
Joyce Ngo
Independent Directorless than a yearCA$37.50k0.0050%
CA$ 283.7k
Cheri Pedersen
Independent Director6.8yrsCA$425.74k0.28%
CA$ 16.0m
Erin Johnston
Directorless than a yearno data0.0084%
CA$ 482.8k
6.8yrs
Average Tenure
65yo
Average Age

Experienced Board: NGEX's board of directors are considered experienced (6.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 06:29
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
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 18 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
Alexander Robert PearceBMO Capital Markets Equity Research
Rene CartierBMO Capital Markets Equity Research