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Trilogy Metals Inc.

TSX:TMQ Stock Report

Market Cap: CA$768.7m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Trilogy Metals Management

Management criteria checks 2/4

Trilogy Metals' CEO is Tony Giardini, appointed in Jun 2020, has a tenure of 6.25 years. total yearly compensation is $1.83M, comprised of 20.3% salary and 79.7% bonuses, including company stock and options. directly owns 5.14% of the company’s shares, worth CA$39.50M. The average tenure of the management team and the board of directors is 3.3 years and 11.3 years respectively.

Key information

Tony Giardini

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage20.30%
CEO tenure6.3yrs
CEO ownership5.1%
Management average tenure3.3yrs
Board average tenure11.3yrs

Recent management updates

Recent updates

Analysis Article • Jul 18

Trilogy Metals (TSE:TMQ) Is In A Strong Position To Grow Its Business

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • Feb 15

We Think Trilogy Metals (TSE:TMQ) 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 • Nov 02

Trilogy Metals (TSE:TMQ) Is In A Good Position To Deliver On Growth Plans

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Analysis Article • May 15

Here's Why We're Watching Trilogy Metals' (TSE:TMQ) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Analysis Article • Jun 18

Trilogy Metals (TSE:TMQ) Is In A Strong Position To Grow Its Business

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Jan 08

What Type Of Shareholders Make Up Trilogy Metals Inc.'s (TSE:TMQ) Share Registry?

If you want to know who really controls Trilogy Metals Inc. ( TSE:TMQ ), then you'll have to look at the makeup of its...

CEO Compensation Analysis

How has Tony Giardini's remuneration changed compared to Trilogy Metals's earnings?
DateTotal CompensationSalaryCompany Earnings
May 31 2026n/an/a

-US$50m

Feb 28 2026n/an/a

-US$46m

Nov 30 2025US$2mUS$371k

-US$42m

Aug 31 2025n/an/a

-US$9m

May 31 2025n/an/a

-US$9m

Feb 28 2025n/an/a

-US$9m

Nov 30 2024US$2mUS$381k

-US$9m

Aug 31 2024n/an/a

-US$10m

May 31 2024n/an/a

-US$12m

Feb 29 2024n/an/a

-US$13m

Nov 30 2023US$2mUS$385k

-US$15m

Aug 31 2023n/an/a

-US$17m

May 31 2023n/an/a

-US$23m

Feb 28 2023n/an/a

-US$24m

Nov 30 2022US$1mUS$386k

-US$24m

Aug 31 2022n/an/a

-US$25m

May 31 2022n/an/a

-US$23m

Feb 28 2022n/an/a

-US$22m

Nov 30 2021US$2mUS$399k

-US$22m

Aug 31 2021n/an/a

-US$19m

May 31 2021n/an/a

-US$14m

Feb 28 2021n/an/a

-US$14m

Nov 30 2020US$2mUS$62k

US$162m

Aug 31 2020n/an/a

US$158m

May 31 2020n/an/a

US$149m

Feb 29 2020n/an/a

US$148m

Nov 30 2019US$137kn/a

-US$28m

Compensation vs Market: Tony's total compensation ($USD1.83M) is above average for companies of similar size in the Canadian market ($USD863.00K).

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


CEO

Tony Giardini (66 yo)

6.3yrs
Tenure
US$1,828,556
Compensation

Mr. Tony Serafino Giardini, CA, CPA, CBV, is Independent Director of Alamos Gold Inc. from September 10, 2024. Mr. Giardini had been an Independent Director of Torex Gold Resources Inc. since June 29, 2021...


Leadership Team

NamePositionTenureCompensationOwnership
Tony Giardini
President6.3yrsUS$1.83m5.14%
CA$ 39.5m
Elaine Sanders
VP, CFO & Corporate Secretary15.4yrsUS$970.12k1.97%
CA$ 15.2m
Matthew Keevil
Vice President of Investor Relations & Business Developmentless than a yearno data0.011%
CA$ 83.9k
Kimberly Lim
Director of Corporate Communicationsless than a yearno datano data
Olav Langelaar
Vice President of Corporate Developmentless than a yearno data0.013%
CA$ 97.9k
Richard Gosse
Vice President of Exploration6yrsno data1.26%
CA$ 9.7m
3.3yrs
Average Tenure
62yo
Average Age

Experienced Management: TMQ's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tony Giardini
President14.7yrsUS$1.83m5.14%
CA$ 39.5m
James Gowans
Independent Director7.3yrsUS$140.33k0.14%
CA$ 1.0m
William Hayden
Independent Director11.3yrsUS$121.72k0.22%
CA$ 1.7m
Janice Stairs
Independent Chair of the Board15.4yrsUS$148.56k0.29%
CA$ 2.3m
Diana Walters
Independent Director10.3yrsUS$131.72k0.12%
CA$ 895.8k
William L. Hensley
Independent Director8.8yrsUS$126.72k0.011%
CA$ 82.5k
Gregory Lang
Independent Director14.7yrsUS$126.72k0.058%
CA$ 445.0k
11.3yrs
Average Tenure
71yo
Average Age

Experienced Board: TMQ's board of directors are seasoned and experienced ( 11.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/16 23:09
End of Day Share Price 2026/09/16 00:00
Earnings2026/05/31
Annual Earnings2025/11/30

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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 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

Trilogy Metals Inc. is covered by 11 analysts. 1 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
Rene CartierBMO Capital Markets Equity Research
Vitaly KononovFreedom Broker

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