Shareholders May Not Be So Generous With Silver X Mining Corp.'s (CVE:AGX) CEO Compensation And Here's Why

Key Insights

• Silver X Mining will host its Annual General Meeting on 17th of September
• Total pay for CEO Jose Garcia Jimenez includes US$243.4k salary
• The overall pay is 87% above the industry average
• Silver X Mining's EPS grew by 47% over the past three years while total shareholder return over the past three years was 104%

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

CEO Jose Garcia Jimenez has done a decent job of delivering relatively good performance at Silver X Mining Corp. (CVE:AGX) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 17th of September. However, some shareholders may still want to keep CEO compensation within reason.

Check out our latest analysis for Silver X Mining

Comparing Silver X Mining Corp.'s CEO Compensation With The Industry

According to our data, Silver X Mining Corp. has a market capitalization of CA$107m, and paid its CEO total annual compensation worth US$243k over the year to December 2024. That's slightly lower by 7.8% over the previous year. Notably, the salary of US$243k is the entirety of the CEO compensation.

In comparison with other companies in the Canadian Metals and Mining industry with market capitalizations under CA$277m, the reported median total CEO compensation was US$130k. Accordingly, our analysis reveals that Silver X Mining Corp. pays Jose Garcia Jimenez north of the industry median. Moreover, Jose Garcia Jimenez also holds CA$6.8m worth of Silver X Mining stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

Talking in terms of the industry, salary represented approximately 96% of total compensation out of all the companies we analyzed, while other remuneration made up 4% of the pie. On a company level, Silver X Mining prefers to reward its CEO through a salary, opting not to pay Jose Garcia Jimenez through non-salary benefits. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

A Look at Silver X Mining Corp.'s Growth Numbers

Silver X Mining Corp.'s earnings per share (EPS) grew 47% per year over the last three years. In the last year, its revenue is up 23%.

This demonstrates that the company has been improving recently and is good news for the shareholders. It's also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Silver X Mining Corp. Been A Good Investment?

Boasting a total shareholder return of 104% over three years, Silver X Mining Corp. has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.

To Conclude...

Silver X Mining rewards its CEO solely through a salary, ignoring non-salary benefits completely. Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. Still, not all shareholders might be in favor of a pay raise to the CEO, seeing that they are already being paid higher than the industry.

It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. In our study, we found 4 warning signs for Silver X Mining you should be aware of, and 1 of them is potentially serious.

Switching gears from Silver X Mining, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.