Magna Mining Inc.

TSXV:NICU Stock Report

Market Cap: CA$276.2m

Magna Mining Management

Management criteria checks 2/4

Magna Mining's CEO is Jason Jessup, appointed in May 2021, has a tenure of 3.58 years. total yearly compensation is CA$388.33K, comprised of 73% salary and 27% bonuses, including company stock and options. directly owns 5.37% of the company’s shares, worth CA$14.83M. The average tenure of the management team and the board of directors is 0.8 years and 3.6 years respectively.

Key information

Jason Jessup

Chief executive officer

CA$388.3k

Total compensation

CEO salary percentage73.0%
CEO tenure3.6yrs
CEO ownership5.4%
Management average tenureless than a year
Board average tenure3.6yrs

Recent management updates

Recent updates

We Think Magna Mining (CVE:NICU) Needs To Drive Business Growth Carefully

Jul 17
We Think Magna Mining (CVE:NICU) Needs To Drive Business Growth Carefully

CEO Compensation Analysis

How has Jason Jessup's remuneration changed compared to Magna Mining's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$14m

Jun 30 2024n/an/a

-CA$13m

Mar 31 2024n/an/a

-CA$11m

Dec 31 2023CA$388kCA$283k

-CA$10m

Sep 30 2023n/an/a

-CA$26m

Jun 30 2023n/an/a

-CA$24m

Mar 31 2023n/an/a

-CA$23m

Dec 31 2022CA$173kCA$163k

-CA$22m

Sep 30 2022n/an/a

-CA$5m

Jun 30 2022n/an/a

-CA$6m

Mar 31 2022n/an/a

-CA$8m

Dec 31 2021CA$156kCA$156k

-CA$7m

Sep 30 2021n/an/a

-CA$6m

Jun 30 2021n/an/a

-CA$4m

Mar 31 2021n/an/a

-CA$1m

Dec 31 2020CA$7kn/a

-CA$1m

Compensation vs Market: Jason's total compensation ($USD270.23K) is below average for companies of similar size in the Canadian market ($USD737.53K).

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

CEO

Jason Jessup

3.6yrs

Tenure

CA$388,333

Compensation

Mr. Jason David Jessup, MBA, co-founded Magna Mining in 2016. He serves as Chief Executive Officer and Director Magna Mining Inc. since May 4, 2021. He serves as Independent Director at Dryden Gold Corp. H...

Leadership Team

NamePositionTenureCompensationOwnership
Jason Jessup
CEO & Director3.6yrsCA$388.33k5.37%
CA$ 14.8m
Paul Fowler
Senior VP & Corporate Secretaryno dataCA$340.83k0.60%
CA$ 1.7m
Scott Gilbert
Chief Financial Officerless than a yearno datano data
Jeff Huffman
Chief Operating Officer1.1yrsno data0.060%
CA$ 167.0k
David King
Senior Vice President of Exploration and Geoscienceless than a yearno data0.026%
CA$ 71.0k

0.8yrs

Average Tenure

Experienced Management: NICU's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Jason Jessup
CEO & Director3.6yrsCA$388.33k5.37%
CA$ 14.8m
Jonathan Goodman
Independent Director2.8yrsCA$27.11kno data
John Seaman
Independent Director3.6yrsCA$33.60k0.26%
CA$ 706.6k
Carl DeLuca
Independent Director3.6yrsCA$27.11k0.15%
CA$ 408.4k
Vernon Baker
Independent Chairman3.6yrsCA$32.67k2.33%
CA$ 6.4m
Shastri Ramnath
Independent Directorless than a yearno data0.093%
CA$ 255.6k

3.6yrs

Average Tenure

56yo

Average Age

Experienced Board: NICU's board of directors are considered experienced (3.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 11:20
End of Day Share Price 2024/12/20 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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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 .

Analyst Sources

Magna Mining Inc. 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
Brandon GasparSCP Resource Finance LP