Amaroq Minerals Ltd.

TSXV:AMRQ Stock Report

Market Cap: CA$417.9m

Amaroq Minerals Management

Management criteria checks 2/4

Amaroq Minerals' CEO is Eldur Olafsson, appointed in Apr 2017, has a tenure of 7.08 years. total yearly compensation is CA$801.94K, comprised of 43% salary and 57% bonuses, including company stock and options. directly owns 0.86% of the company’s shares, worth CA$3.61M. The average tenure of the management team and the board of directors is 2 years and 3 years respectively.

Key information

Eldur Olafsson

Chief executive officer

CA$801.9k

Total compensation

CEO salary percentage43.0%
CEO tenure7.1yrs
CEO ownership0.9%
Management average tenure2yrs
Board average tenure3yrs

Recent management updates

Recent updates

Amaroq Minerals (CVE:AMRQ) Will Have To Spend Its Cash Wisely

Oct 02
Amaroq Minerals (CVE:AMRQ) Will Have To Spend Its Cash Wisely

Is AEX Gold (CVE:AEX) In A Good Position To Deliver On Growth Plans?

Mar 22
Is AEX Gold (CVE:AEX) In A Good Position To Deliver On Growth Plans?

Here's Why We're Watching AEX Gold's (CVE:AEX) Cash Burn Situation

Dec 03
Here's Why We're Watching AEX Gold's (CVE:AEX) Cash Burn Situation

We Think AEX Gold (CVE:AEX) Can Afford To Drive Business Growth

Jul 11
We Think AEX Gold (CVE:AEX) Can Afford To Drive Business Growth

We Think AEX Gold (CVE:AEX) Can Afford To Drive Business Growth

Mar 21
We Think AEX Gold (CVE:AEX) Can Afford To Drive Business Growth

Here's Why We're Not At All Concerned With AEX Gold's (CVE:AEX) Cash Burn Situation

Dec 09
Here's Why We're Not At All Concerned With AEX Gold's (CVE:AEX) Cash Burn Situation

CEO Compensation Analysis

How has Eldur Olafsson's remuneration changed compared to Amaroq Minerals's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

-CA$834k

Sep 30 2023n/an/a

CA$9m

Jun 30 2023n/an/a

CA$9m

Mar 31 2023n/an/a

-CA$21m

Dec 31 2022CA$802kCA$345k

-CA$22m

Sep 30 2022n/an/a

-CA$27m

Jun 30 2022n/an/a

-CA$27m

Mar 31 2022n/an/a

-CA$26m

Dec 31 2021CA$472kCA$345k

-CA$25m

Sep 30 2021n/an/a

-CA$19m

Jun 30 2021n/an/a

-CA$17m

Mar 31 2021n/an/a

-CA$15m

Dec 31 2020CA$406kCA$347k

-CA$12m

Sep 30 2020n/an/a

-CA$9m

Jun 30 2020n/an/a

-CA$7m

Mar 31 2020n/an/a

-CA$6m

Dec 31 2019CA$209kCA$190k

-CA$5m

Sep 30 2019n/an/a

-CA$4m

Jun 30 2019n/an/a

-CA$3m

Mar 31 2019n/an/a

-CA$4m

Dec 31 2018CA$202kCA$181k

-CA$4m

Sep 30 2018n/an/a

-CA$4m

Jun 30 2018n/an/a

-CA$6m

Mar 31 2018n/an/a

-CA$5m

Dec 31 2017CA$198kCA$133k

-CA$4m

Compensation vs Market: Eldur's total compensation ($USD582.86K) is below average for companies of similar size in the Canadian market ($USD1.29M).

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

CEO

Eldur Olafsson (37 yo)

7.1yrs

Tenure

CA$801,935

Compensation

Mr. Eldur Olafsson serves as Founder at Amaroq Minerals Ltd. (formerly known as AEX Gold Inc.) since April 2017. He is a co-owner at Vatnar S.?R.L. Mr. Olafsson serves as Chief Executive Officer and Presi...

Leadership Team

NamePositionTenureCompensationOwnership
Eldur Olafsson
Founder7.1yrsCA$801.94k0.86%
CA$ 3.6m
Marthinus Crouse
CFO & Director3.3yrsCA$496.70k0.12%
CA$ 498.8k
Joan Plant
Executive Vice Presidentless than a yearCA$341.71k0%
CA$ 0
James Gilbertson
Vice President of Explorationno dataCA$292.44kno data
Anna Solotova
VP of Corporate Legal & Corporate Secretaryless than a yearno datano data
George Fowlie
Director of Corporate Development3.3yrsCA$79.92kno data
Gilles Seguin
Underground Mine Chief Engineerless than a yearno datano data

2.0yrs

Average Tenure

49.5yo

Average Age

Experienced Management: AMRQ's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Eldur Olafsson
Founder7.1yrsCA$801.94k0.86%
CA$ 3.6m
Marthinus Crouse
CFO & Director3.1yrsCA$496.70k0.12%
CA$ 498.8k
Sigurbjorn Thorkelsson
Independent Non-Executive Director3.8yrsCA$86.00k2.34%
CA$ 9.8m
Graham Stewart
Independent Non-Executive Chairman7.1yrsCA$181.00k0.69%
CA$ 2.9m
Warwick Morley-Jepson
Non-Executive Director2.8yrsCA$103.00kno data
David Neuhauser
Non-Executive Director2.9yrsCA$86.00kno data
Liane Kelly
Senior Independent Director2.8yrsCA$86.00kno data
Line Frederiksen
Non-Executive Director2.9yrsCA$86.00kno data

3.0yrs

Average Tenure

54.5yo

Average Age

Experienced Board: AMRQ's board of directors are considered experienced (3 years average tenure).

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