Newcore Gold Ltd.

TSXV:NCAU Stock Report

Market Cap: CA$156.3m

Newcore Gold Management

Management criteria checks 2/4

Newcore Gold's CEO is Luke Alexander, appointed in May 2020, has a tenure of 6.08 years. total yearly compensation is CA$625.00K, comprised of 52% salary and 48% bonuses, including company stock and options. directly owns 1.71% of the company’s shares, worth CA$2.67M. The average tenure of the management team and the board of directors is 6.1 years and 11.5 years respectively.

Key information

Luke Alexander

Chief executive officer

CA$625.0k

Total compensation

CEO salary percentage52.00%
CEO tenure6.1yrs
CEO ownership1.7%
Management average tenure6.1yrs
Board average tenure11.5yrs

Recent management updates

Recent updates

Analysis Article • Jan 07

Will Newcore Gold (CVE:NCAU) Spend Its Cash Wisely?

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Newcore Gold ( CVE:NCAU...
Analysis Article • Jul 16

We Think Newcore Gold (CVE:NCAU) Needs To Drive Business Growth Carefully

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • Dec 22

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

There's no doubt that money can be made by owning shares of unprofitable businesses. By way of example, Newcore Gold...
Analysis Article • Jun 27

Is Newcore Gold (CVE:NCAU) In A Good Position To Invest In Growth?

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 04

Will Newcore Gold (CVE:NCAU) Spend Its Cash Wisely?

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article • Apr 19

Will Newcore Gold (CVE:NCAU) Spend 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 • Dec 03

We're Keeping An Eye On Newcore Gold's (CVE:NCAU) Cash Burn Rate

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

CEO Compensation Analysis

How has Luke Alexander's remuneration changed compared to Newcore Gold's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-CA$3m

Dec 31 2025n/an/a

-CA$2m

Sep 30 2025n/an/a

-CA$2m

Jun 30 2025n/an/a

-CA$670k

Mar 31 2025n/an/a

-CA$5m

Dec 31 2024CA$625kCA$325k

-CA$5m

Sep 30 2024n/an/a

-CA$5m

Jun 30 2024n/an/a

-CA$4m

Mar 31 2024n/an/a

-CA$4m

Dec 31 2023CA$450kCA$300k

-CA$3m

Sep 30 2023n/an/a

-CA$2m

Jun 30 2023n/an/a

-CA$3m

Mar 31 2023n/an/a

-CA$3m

Dec 31 2022CA$550kCA$300k

-CA$3m

Sep 30 2022n/an/a

-CA$4m

Jun 30 2022n/an/a

-CA$3m

Mar 31 2022n/an/a

-CA$4m

Dec 31 2021CA$404kCA$250k

-CA$4m

Sep 30 2021n/an/a

-CA$4m

Jun 30 2021n/an/a

-CA$4m

Mar 31 2021n/an/a

-CA$3m

Dec 31 2020CA$1mn/a

-CA$2m

Compensation vs Market: Luke's total compensation ($USD448.12K) is above average for companies of similar size in the Canadian market ($USD155.34K).

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

CEO

Luke Alexander

6.1yrs
Tenure
CA$625,000
Compensation

Mr. Luke Alexander serves as Member of Advisory Board at DLP Resources Inc. He serves as Chief Executive Officer, President & Director at Newcore Gold Ltd. Since May 19, 2020 Mr. Alexander is Independent D...

Leadership Team

NamePositionTenureCompensationOwnership
Douglas Forster
Corporate Secretary & Non-Executive Chairman16.4yrsno data2.87%
CA$ 4.5m
Luke Alexander
President6.1yrsCA$625.00k1.71%
CA$ 2.7m
Wayne Lee
Chief Financial Officer5.5yrsCA$125.00k0.026%
CA$ 41.3k
Gregory Smith
Vice-President of Exploration11.4yrsCA$416.67k0.28%
CA$ 430.5k
Mal Karwowska
Vice President of Corporate Development & Investor Relations5.8yrsCA$300.00k0.18%
CA$ 275.0k
6.1yrs
Average Tenure
60yo
Average Age

Experienced Management: NCAU's management team is seasoned and experienced (6.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Douglas Forster
Corporate Secretary & Non-Executive Chairman16.4yrsno data2.87%
CA$ 4.5m
Luke Alexander
President6.1yrsCA$625.00k1.71%
CA$ 2.7m
George Salamis
Independent Director11.5yrsno data0.40%
CA$ 621.9k
Blayne Johnson
Independent Lead Director14.1yrsno data3.73%
CA$ 5.8m
Ryan King
Independent Director16.4yrsno data0.56%
CA$ 868.6k
Michael Vint
Independent Director9.2yrsno data0.58%
CA$ 913.1k
Omaya Elguindi
Independent Director6.1yrsno data0.53%
CA$ 832.4k
11.5yrs
Average Tenure
60.5yo
Average Age

Experienced Board: NCAU's board of directors are seasoned and experienced ( 11.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 05:01
End of Day Share Price 2026/06/09 00:00
Earnings2026/03/31
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 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

Newcore Gold Ltd. is covered by 6 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.

AnalystInstitution
Peter BellCanaccord Genuity
Hoe Soo AhnDB Financial Investment Co. Ltd.
Marcus GianniniHaywood Securities Inc.