Sterling Metals Management

Management criteria checks 3/4

Sterling Metals' CEO is Mat Wilson, appointed in Jun 2017, has a tenure of 6.92 years. total yearly compensation is CA$271.67K, comprised of 81.6% salary and 18.4% bonuses, including company stock and options. directly owns 0.82% of the company’s shares, worth CA$100.81K. The average tenure of the management team and the board of directors is 6.7 years and 5 years respectively.

Key information

Mat Wilson

Chief executive officer

CA$271.7k

Total compensation

CEO salary percentage	81.6%
CEO tenure	6.9yrs
CEO ownership	0.8%
Management average tenure	6.7yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mat Wilson's remuneration changed compared to Sterling Metals's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-CA$1m
Dec 31 2023	n/a	n/a	-CA$2m
Sep 30 2023	n/a	n/a	-CA$1m
Jun 30 2023	n/a	n/a	-CA$2m
Mar 31 2023	n/a	n/a	-CA$2m
Dec 31 2022	CA$272k	CA$222k	-CA$2m
Sep 30 2022	n/a	n/a	-CA$2m
Jun 30 2022	n/a	n/a	-CA$2m
Mar 31 2022	n/a	n/a	-CA$1m
Dec 31 2021	CA$230k	CA$180k	-CA$1m
Sep 30 2021	n/a	n/a	-CA$3m
Jun 30 2021	n/a	n/a	-CA$3m
Mar 31 2021	n/a	n/a	-CA$2m
Dec 31 2020	CA$140k	CA$120k	-CA$2m
Sep 30 2020	n/a	n/a	-CA$451k
Jun 30 2020	n/a	n/a	-CA$358k
Mar 31 2020	n/a	n/a	-CA$317k
Dec 31 2019	CA$120k	CA$120k	-CA$278k
Sep 30 2019	n/a	n/a	-CA$546k
Jun 30 2019	n/a	n/a	CA$2m
Mar 31 2019	n/a	n/a	-CA$21m
Dec 31 2018	CA$120k	CA$120k	-CA$21m
Sep 30 2018	n/a	n/a	-CA$22m
Jun 30 2018	n/a	n/a	-CA$26m
Mar 31 2018	n/a	n/a	-CA$3m
Dec 31 2017	CA$90k	CA$90k	-CA$2m

Compensation vs Market: Mat's total compensation ($USD198.80K) is about average for companies of similar size in the Canadian market ($USD175.62K).

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

CEO

Mat Wilson (38 yo)

6.9yrs

Tenure

CA$271,667

Compensation

Mr. Mathew Wilson, also known as Mat, serves as Chief Investment Officer at EarthLabs Inc. since March 03, 2023. He has been Chief Executive Officer and President of Sterling Metals Corp. (formerly known a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mathew Wilson	President	6.9yrs	CA$271.67k	0.82% CA$ 100.8k
Dennis Logan	Chief Financial Officer	6.7yrs	CA$99.00k	0.13% CA$ 16.3k
Jeremy Niemi	Senior VP of Exploration & Evaluation	1.3yrs	no data	0.052% CA$ 6.3k
Chris Irwin	Corporate Secretary	6.7yrs	no data	no data

6.7yrs

Average Tenure

51yo

Average Age

Experienced Management: SAG's management team is seasoned and experienced (6.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mathew Wilson	President	6.7yrs	CA$271.67k	0.82% CA$ 100.8k
Richard Patricio	Independent Chairman	7.9yrs	CA$24.00k	0.39% CA$ 48.1k
Neil Patrick O'Brien	Member of Technical Advisory Board	1.3yrs	no data	no data
Stephen Piercey	Member of Technical Advisory Board	1.3yrs	no data	no data
Stephen Keith	Independent Director	7.9yrs	CA$24.00k	0.040% CA$ 4.9k
Mark Raguz	Member of Advisory Board	3.4yrs	no data	no data

5.0yrs

Average Tenure

43.5yo

Average Age

Experienced Board: SAG's board of directors are considered experienced (5 years average tenure).

Sterling Metals Management

Management criteria checks 3/4

Key information

Recent management updates

Sterling Metals Corp., Annual General Meeting, Jul 10, 2024

Sterling Metals Corp., Annual General Meeting, Oct 18, 2023

High number of new and inexperienced directors

Sterling Metals Corp. Announces Management Changes

Sterling Metals Corp., Annual General Meeting, Aug 02, 2022

Sterling Metals Corp. Announces Formation of Advisory Board and Appoints Denis Laviolette, Kelly Malcolm and Mark Raguz as Inaugural Members

Recent updates

Sterling Metals Corp., Annual General Meeting, Jul 10, 2024

New major risk - Shareholder dilution

Sterling Metals Corp. (TSXV:SAG) completed the acquisition of 24,000-hectare Copper Road Project located in Batchewana Bay, Ontario from Copper Road Resources Inc. (TSXV:CRD) for CAD 4.2 million.

Sterling Metals Corp. (TSXV:SAG) completed the acquisition of 24,000-hectare Copper Road Project located in Batchewana Bay, Ontario from Copper Road Resources Inc. (TSXV:CRD) for CAD 4.2 million.

Sterling Metals Corp. Announces Initial Assay Results from the Adeline Project, Labrador

New major risk - Financial position

Sterling Metals Corp. Reports Assay Results from Its 2023 Drilling on the Sail Pond Silver and Base Metal Project in the Great Northern Peninsula of Newfoundland

New major risk - Share price stability

Sterling Metals Commences Diamond Drilling At Its Adeline Project in Labrador

Sterling Metals Corp., Annual General Meeting, Oct 18, 2023

Sterling Metals Corp. Commences Exploration Activities At Its Adeline Project in Labrador

New major risk - Share price stability

Sterling Metals Corp. Resumes Drilling at Sail Pond Project, Testing for Additional High-Grade Silver and Copper at Heimdall North Discovery Target

Sterling Metals Corp. Announces Results of 2022 Regional Drilling and Orion 3D Geophysical Survey At Sail Pond

Sterter Metals Corp. Announces the Completion of the Deep Orion 3D Geophysical Survey and Report the Balance of Results from Its 2022 Drilling on the Sail Pond Silver and Base Metal Project in the Great Northern Peninsula of Newfoundland

High number of new and inexperienced directors

Sterling Metals Corp. Announces Management Changes

Sterling Metals Corp. Expands Heimdall and Announces Discovery of New High Grade Zone 500M North

Sterling Metals Corp. Launches 2022 Exploration Campaign on Its 100% Owned Sail Pond Silver-Copper-Lead-Zinc Project

Sterling Metals Corp., Annual General Meeting, Aug 02, 2022

Sterling Metals Corp. announced that it has received CAD 1.8 million in funding

Sterling Metals Corp. announced that it has received CAD 3 million in funding

Sterling Metals Corp. announced that it expects to receive CAD 2.5 million in funding

Sterling Metals Drills Newly Discovered Heimdall Zone At Sail Pond Silver and Base Metal Project

Sterling Metals Discovers High Grade Polymetallic Mineralization

Sterling Metals Launches Maiden Drill Campaign At the Sail Pond Silver and Base Metal Project

Goldspot Discoveries Corp. and Sterling Metals Corp. Identify Numerous Targets on the Sail Pond Silver Project in Newfoundland, and Announce Drilling Program

Sterling Metals Corp. announced that it has received CAD 3 million in funding

Sterling Metals Corp. announced that it expects to receive CAD 2.5 million in funding

Sterling Metals Corp. Reports Results of the 2020 Soil Sampling Program from its Sail Pond Silver Project Located on the Great Northern Peninsula of Newfoundland

Sterling Metals Corp. Announces Results of Initial Reconnaissance Prospecting Program on Recently Acquired Sail Pond Project Located in Northwestern Newfoundland

New 90-day high: CA$0.58

Sterling Metals Corp. Announces Formation of Advisory Board and Appoints Denis Laviolette, Kelly Malcolm and Mark Raguz as Inaugural Members

New 90-day low: CA$0.28

Latin American Minerals Inc. (TSXV:LAT) entered into letter of intent to acquire Sail Pond Silver Project in Newfoundland from Altius Resources, Inc.

Latin American Minerals Inc. announced that it has received CAD 1.5 million in funding

Latin American Minerals Inc. announced that it expects to receive CAD 1.25 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

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