Cerrado Gold Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Mark Brennan
Chief executive officer
US$437.8k
Total compensation
| CEO salary percentage | 100.00% |
| CEO tenure | 5.3yrs |
| CEO ownership | 3.7% |
| Management average tenure | 3.3yrs |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
Valuation Update (May 2026)
FCF Multiple Model at US$6,000/oz and US$7,000/oz Gold This is a simplified free cash flow valuation model. It uses MDN’s published PEA production and free cash flow assumptions as the base, then applies a gold price uplift.There's No Escaping Cerrado Gold Inc.'s (CVE:CERT) Muted Revenues Despite A 32% Share Price Rise
Cerrado Gold Inc. ( CVE:CERT ) shares have continued their recent momentum with a 32% gain in the last month alone...Is Cerrado Gold (CVE:CERT) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Cerrado Gold Inc.'s (CVE:CERT) 29% Share Price Surge Not Quite Adding Up
Cerrado Gold Inc. ( CVE:CERT ) shares have continued their recent momentum with a 29% gain in the last month alone. The...
125 Baggers at Full Potential !
Here’s the freshest, need-to-know on Cerrado Gold (TSXV: CERT / OTCQX: CRDOF) , focused on your three pillars: Gold/Silver bull market (macro tailwind) Gold just printed successive all-time highs around $3,600–$3,670/oz on growing Fed-cut expectations, a weaker USD and record central-bank buying. Major houses (ANZ) now see $3,800 YE-2025 and a possible $4,000 peak by mid-2026.Solid Earnings Reflect Cerrado Gold's (CVE:CERT) Strength As A Business
Cerrado Gold Inc. ( CVE:CERT ) just reported healthy earnings but the stock price didn't move much. Investors are...Cerrado Gold Inc. (CVE:CERT) Surges 36% Yet Its Low P/S Is No Reason For Excitement
The Cerrado Gold Inc. ( CVE:CERT ) share price has done very well over the last month, posting an excellent gain of...Cerrado Gold Inc.'s (CVE:CERT) Shares Bounce 43% But Its Business Still Trails The Industry
Cerrado Gold Inc. ( CVE:CERT ) shares have continued their recent momentum with a 43% gain in the last month alone. The...Cerrado Gold Inc.'s (CVE:CERT) Shares Not Telling The Full Story
You may think that with a price-to-sales (or "P/S") ratio of 0.2x Cerrado Gold Inc. ( CVE:CERT ) is definitely a stock...Cerrado Gold Inc. (CVE:CERT) Shares Fly 29% But Investors Aren't Buying For Growth
Cerrado Gold Inc. ( CVE:CERT ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...Insufficient Growth At Cerrado Gold Inc. (CVE:CERT) Hampers Share Price
With a price-to-sales (or "P/S") ratio of 0.1x Cerrado Gold Inc. ( CVE:CERT ) may be sending very bullish signals at...A Piece Of The Puzzle Missing From Cerrado Gold Inc.'s (CVE:CERT) 37% Share Price Climb
Cerrado Gold Inc. ( CVE:CERT ) shareholders are no doubt pleased to see that the share price has bounced 37% in the...Cerrado Gold Inc. (CVE:CERT) Surges 26% Yet Its Low P/S Is No Reason For Excitement
Cerrado Gold Inc. ( CVE:CERT ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...Cerrado Gold's (CVE:CERT) Returns On Capital Are Heading Higher
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...We Like These Underlying Return On Capital Trends At Cerrado Gold (CVE:CERT)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | -US$3m |
| Dec 31 2025 | US$438k | US$438k | -US$20m |
| Sep 30 2025 | n/a | n/a | -US$15m |
| Jun 30 2025 | n/a | n/a | US$2m |
| Mar 31 2025 | n/a | n/a | US$2m |
| Dec 31 2024 | US$334k | US$334k | US$534k |
| Sep 30 2024 | n/a | n/a | US$6m |
| Jun 30 2024 | n/a | n/a | US$993k |
| Mar 31 2024 | n/a | n/a | -US$822k |
| Dec 31 2023 | US$316k | US$316k | -US$3m |
| Sep 30 2023 | n/a | n/a | -US$9m |
| Jun 30 2023 | n/a | n/a | -US$16m |
| Mar 31 2023 | n/a | n/a | -US$17m |
| Dec 31 2022 | US$245k | US$245k | -US$6m |
| Sep 30 2022 | n/a | n/a | -US$2m |
| Jun 30 2022 | n/a | n/a | US$3m |
| Mar 31 2022 | n/a | n/a | US$3m |
| Dec 31 2021 | US$627k | US$300k | -US$6m |
| Sep 30 2021 | n/a | n/a | -US$14m |
| Jun 30 2021 | n/a | n/a | -US$15m |
| Mar 31 2021 | n/a | n/a | -US$15m |
| Dec 31 2020 | US$569k | US$256k | -US$13m |
Compensation vs Market: Mark's total compensation ($USD437.76K) is about average for companies of similar size in the Canadian market ($USD493.22K).
Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.
CEO
Mark Brennan (61 yo)
Mr. Mark Peter Brennan is the Founding Partner of Ascendant Resources Inc. and its Executive Chairman since May 01, 2017. He serves as the Member of Advisory Board at aXpire. He served as Chief Executive O...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | no data | US$437.76k | 3.67% CA$ 8.0m | |
| Chief Financial Officer | 5yrs | US$217.51k | 0.22% CA$ 469.6k | |
| Chief Executive Officer of Minera Don Nicolas | no data | US$390.00k | no data | |
| President | no data | US$258.72k | no data | |
| Chief Operating Officer | 4.8yrs | US$277.99k | 0.75% CA$ 1.6m | |
| Chief Technical Officer | 1.7yrs | no data | no data | |
| Vice President of Investor Relations | 3.3yrs | no data | no data | |
| VP, General Counsel & Corporate Secretary | 5yrs | no data | no data | |
| Vice President of Corporate Development | 4.6yrs | US$41.89k | no data | |
| Director of Geology & Resources | 3.3yrs | no data | no data | |
| Chief Mining Engineer | 3.2yrs | no data | no data | |
| Chief Processing Engineer | 3.2yrs | no data | no data |
Experienced Management: CERT's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 5.3yrs | US$437.76k | 3.67% CA$ 8.0m | |
| Independent Director | 4yrs | US$36.48k | 0.081% CA$ 175.4k | |
| Director | 5.3yrs | US$29.18k | 1.62% CA$ 3.5m | |
| Independent Director | 1.1yrs | US$18.24k | 0.032% CA$ 70.7k | |
| Independent Director | 4yrs | US$36.48k | 0.10% CA$ 219.9k | |
| Independent Director | 3yrs | US$29.18k | 0.017% CA$ 37.4k |
Experienced Board: CERT's board of directors are considered experienced (4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 19:25 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Cerrado Gold Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kerry Smith | Haywood Securities Inc. |
| Heiko Ihle | H.C. Wainwright & Co. |
| Ronald Stewart | Red Cloud Securities |