Maple Gold Mines Ltd.

TSXV:MGM Stock Report

Market Cap: CA$211.6m

Maple Gold Mines Management

Management criteria checks 1/4

Maple Gold Mines' CEO is Kiran Patankar, appointed in Aug 2023, has a tenure of 3.08 years. total yearly compensation is CA$532.60K, comprised of 60.1% salary and 39.9% bonuses, including company stock and options. directly owns 0.69% of the company’s shares, worth CA$1.46M. The average tenure of the management team and the board of directors is 1.3 years and 1.6 years respectively.

Key information

Kiran Patankar

Chief executive officer

CA$532.6k

Total compensation

CEO salary percentage60.08%
CEO tenure3.1yrs
CEO ownership0.7%
Management average tenure1.3yrs
Board average tenure1.6yrs

Recent management updates

Recent updates

Analysis Article • Jul 17

We Think Maple Gold Mines (CVE:MGM) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. Indeed, Maple Gold Mines ( CVE:MGM...
Analysis Article • Jul 30

Is Maple Gold Mines (CVE:MGM) In A Good Position To Invest In Growth?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Apr 10

Maple Gold Mines (CVE:MGM) Is In A Good Position To Deliver On Growth Plans

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Aug 19

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

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Aug 06

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

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Mar 10

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

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article • Nov 23

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

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Aug 05

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

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Apr 12

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

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Jul 14

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

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Maple Gold Mines ( CVE:MGM...
Analysis Article • Mar 28

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

We can readily understand why investors are attracted to unprofitable companies. Indeed, Maple Gold Mines ( CVE:MGM...

CEO Compensation Analysis

How has Kiran Patankar's remuneration changed compared to Maple Gold Mines's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-CA$20m

Mar 31 2026n/an/a

-CA$13m

Dec 31 2025CA$533kCA$320k

-CA$8m

Sep 30 2025n/an/a

-CA$5m

Jun 30 2025n/an/a

-CA$4m

Mar 31 2025n/an/a

-CA$6m

Dec 31 2024CA$460kCA$315k

-CA$4m

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 ($USD383.07K) is about average for companies of similar size in the Canadian market ($USD532.28K).

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

CEO

Kiran Patankar (49 yo)

3.1yrs
Tenure
CA$532,596
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 since November 17, 2023 and served as its Interim President & CEO...

Leadership Team

NamePositionTenureCompensationOwnership
Kiran Patankar
President3.1yrsCA$532.60k0.69%
CA$ 1.5m
Nicholas Furber
Chief Financial Officer1.8yrsCA$149.00k0.039%
CA$ 83.0k
Wilma Lee
Chief Governance & Compliance Officer4.9yrsCA$263.79k0.11%
CA$ 231.4k
Ian Cunningham-Dunlop
Executive Vice Presidentless than a yearCA$178.00k0.051%
CA$ 107.1k
Sarah Herriott
Vice President of Investor Relations & Corporate Developmentno datano data0.0027%
CA$ 5.8k
Alex Rodriguez Tovalino
Senior Vice President of Corporate Development & Strategyless than a yearno datano data
Pascal Lessard
Vice President of Explorationless than a yearno datano data
1.3yrs
Average Tenure
52yo
Average Age

Experienced Management: MGM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Kiran Patankar
President2.8yrsCA$532.60k0.69%
CA$ 1.5m
Gerald Riverin
Independent Director6.3yrsCA$32.60k0.10%
CA$ 212.6k
Marc Legault
Independent Director1.1yrsCA$8.83kno data
Darwin Green
Independent Director2.2yrsno data0.032%
CA$ 68.4k
Dustin Isaacs
Independent Chairmanless than a yearno data0.21%
CA$ 438.1k
Christopher Adams
Independent Director1.1yrsCA$10.83k0.25%
CA$ 533.1k
1.6yrs
Average Tenure
57yo
Average Age

Experienced Board: MGM's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 20:28
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

Analysis Model and Snowflake

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Learn about the 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

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
Bereket BerheBeacon Securities Limited