Maple Gold Mines Ltd.

TSXV:MGM Stock Report

Market Cap: CA$25.0m

Maple Gold Mines Management

Management criteria checks 1/4

Maple Gold Mines' CEO is Kiran Patankar, appointed in Aug 2023, has a tenure of 1.33 years. total yearly compensation is CA$499.27K, comprised of 48.5% salary and 51.5% bonuses, including company stock and options. directly owns 0.49% of the company’s shares, worth CA$121.95K. The average tenure of the management team and the board of directors is 0.9 years and 4.3 years respectively.

Key information

Kiran Patankar

Chief executive officer

CA$499.3k

Total compensation

CEO salary percentage48.5%
CEO tenure1.3yrs
CEO ownership0.5%
Management average tenureless than a year
Board average tenure4.3yrs

Recent management updates

Recent updates

We Think Maple Gold Mines (CVE:MGM) Needs To Drive Business Growth Carefully

Aug 19
We Think Maple Gold Mines (CVE:MGM) Needs To Drive Business Growth Carefully

Maple Gold Mines (CVE:MGM) Will Have To Spend Its Cash Wisely

Aug 06
Maple Gold Mines (CVE:MGM) Will Have To Spend Its Cash Wisely

We're Not Very Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Rate

Mar 10
We're Not Very Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Rate

Here's Why We're Watching Maple Gold Mines' (CVE:MGM) Cash Burn Situation

Nov 23
Here's Why We're Watching Maple Gold Mines' (CVE:MGM) Cash Burn Situation

Here's Why We're Not Too Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Situation

Aug 05
Here's Why We're Not Too Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Situation

We're Hopeful That Maple Gold Mines (CVE:MGM) Will Use Its Cash Wisely

Apr 12
We're Hopeful That Maple Gold Mines (CVE:MGM) Will Use Its Cash Wisely

We're Interested To See How Maple Gold Mines (CVE:MGM) Uses Its Cash Hoard To Grow

Jul 14
We're Interested To See How Maple Gold Mines (CVE:MGM) Uses Its Cash Hoard To Grow

We're Hopeful That Maple Gold Mines (CVE:MGM) Will Use Its Cash Wisely

Mar 28
We're Hopeful That Maple Gold Mines (CVE:MGM) Will Use Its Cash Wisely

CEO Compensation Analysis

How has Kiran Patankar's remuneration changed compared to Maple Gold Mines's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$4m

Jun 30 2024n/an/a

-CA$4m

Mar 31 2024n/an/a

-CA$4m

Dec 31 2023CA$499kCA$242k

-CA$7m

Sep 30 2023n/an/a

-CA$9m

Jun 30 2023n/an/a

-CA$11m

Mar 31 2023n/an/a

-CA$11m

Dec 31 2022CA$355kCA$176k

-CA$10m

Sep 30 2022n/an/a

-CA$9m

Jun 30 2022n/an/a

-CA$8m

Mar 31 2022n/an/a

-CA$7m

Dec 31 2021CA$284kCA$129k

-CA$6m

Compensation vs Market: Kiran's total compensation ($USD347.66K) is above average for companies of similar size in the Canadian market ($USD163.68K).

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

CEO

Kiran Patankar (47 yo)

1.3yrs

Tenure

CA$499,270

Compensation

Mr. Kiran U. Patankar serves as President and Chief Executive Officer at Maple Gold Mines Ltd. from November 2023 and has been its Director and served as its Interim President & CEO since August 29, 2023 u...

Leadership Team

NamePositionTenureCompensationOwnership
Kiran Patankar
President1.3yrsCA$499.27k0.49%
CA$ 122.0k
Wilma Lee
Vice President of Compliance & Corporate Secretary3.2yrsCA$258.47k0.11%
CA$ 26.3k
Nicholas Furber
Chief Financial Officerless than a yearno data0.051%
CA$ 12.6k
Ian Dunlop
Vice President of Technical Servicesless than a yearno datano data

0.9yrs

Average Tenure

Experienced Management: MGM's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Kiran Patankar
Presidentno dataCA$499.27k0.49%
CA$ 122.0k
Gerald Riverin
Independent Director4.5yrsCA$38.97k0.11%
CA$ 28.4k
Darwin Green
Independent Directorless than a yearno data0.033%
CA$ 8.2k
Maurice A. Tagami
Independent Director7.3yrsCA$18.25k0.41%
CA$ 102.4k
Michelle Roth
Independent Non-Executive Chairperson4.1yrsCA$38.13k0.13%
CA$ 31.4k

4.3yrs

Average Tenure

66yo

Average Age

Experienced Board: MGM's board of directors are considered experienced (4.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 01:59
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Maple Gold Mines Ltd. is covered by 1 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
Mark La ReichmanNOBLE Capital Markets, Inc.