Maple Gold Mines Management
Management criteria checks 1/4
Maple Gold Mines' CEO is Kiran Patankar, appointed in Aug 2023, has a tenure of 1.25 years. total yearly compensation is CA$499.27K, comprised of 48.5% salary and 51.5% bonuses, including company stock and options. directly owns 0.5% of the company’s shares, worth CA$135.96K. The average tenure of the management team and the board of directors is 1.3 years and 4.2 years respectively.
Key information
Kiran Patankar
Chief executive officer
CA$499.3k
Total compensation
| CEO salary percentage | 48.5% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.5% |
| Management average tenure | 1.3yrs |
| Board average tenure | 4.2yrs |
Recent management updates
Recent updates
We Think Maple Gold Mines (CVE:MGM) Needs To Drive Business Growth Carefully
Aug 19
Maple Gold Mines (CVE:MGM) Will Have To Spend Its Cash Wisely
Aug 06We're Not Very Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Rate
Mar 10Here's Why We're Watching Maple Gold Mines' (CVE:MGM) Cash Burn Situation
Nov 23Here's Why We're Not Too Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Situation
Aug 05We're Hopeful That Maple Gold Mines (CVE:MGM) Will Use Its Cash Wisely
Apr 12We're Interested To See How Maple Gold Mines (CVE:MGM) Uses Its Cash Hoard To Grow
Jul 14We're Hopeful That Maple Gold Mines (CVE:MGM) Will Use Its Cash Wisely
Mar 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$4m |
| Jun 30 2024 | n/a | n/a | -CA$4m |
| Mar 31 2024 | n/a | n/a | -CA$4m |
| Dec 31 2023 | CA$499k | CA$242k | -CA$7m |
| Sep 30 2023 | n/a | n/a | -CA$9m |
| Jun 30 2023 | n/a | n/a | -CA$11m |
| Mar 31 2023 | n/a | n/a | -CA$11m |
| Dec 31 2022 | CA$355k | CA$176k | -CA$10m |
| Sep 30 2022 | n/a | n/a | -CA$9m |
| Jun 30 2022 | n/a | n/a | -CA$8m |
| Mar 31 2022 | n/a | n/a | -CA$7m |
| Dec 31 2021 | CA$284k | CA$129k | -CA$6m |
Compensation vs Market: Kiran's total compensation ($USD357.20K) is above average for companies of similar size in the Canadian market ($USD169.13K).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.3yrs | CA$499.27k | 0.50% CA$ 136.0k | |
| Interim CFO | 1.3yrs | CA$201.24k | 0% CA$ 0 | |
| Vice President of Compliance & Corporate Secretary | 3.1yrs | CA$258.47k | 0.11% CA$ 29.3k | |
| Vice President of Technical Services | less than a year | no data | no data | |
| Chief Geologist | 1.3yrs | no data | no data |
1.3yrs
Average Tenure
Experienced Management: MGM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | no data | CA$499.27k | 0.50% CA$ 136.0k | |
| Independent Director | 4.4yrs | CA$38.97k | 0.12% CA$ 31.7k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 7.3yrs | CA$18.25k | 0.42% CA$ 114.2k | |
| Independent Non-Executive Chairperson | 4yrs | CA$38.13k | 0.13% CA$ 35.0k |
4.2yrs
Average Tenure
66yo
Average Age
Experienced Board: MGM's board of directors are considered experienced (4.2 years average tenure).