Magna Mining Management
Management criteria checks 2/4
Magna Mining's CEO is Jason Jessup, appointed in May 2021, has a tenure of 3.5 years. total yearly compensation is CA$388.33K, comprised of 73% salary and 27% bonuses, including company stock and options. directly owns 5.38% of the company’s shares, worth €10.12M. The average tenure of the management team and the board of directors is 0.7 years and 3.5 years respectively.
Key information
Jason Jessup
Chief executive officer
CA$388.3k
Total compensation
| CEO salary percentage | 73.0% |
| CEO tenure | 3.5yrs |
| CEO ownership | 5.4% |
| Management average tenure | less than a year |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$14m |
| Jun 30 2024 | n/a | n/a | -CA$13m |
| Mar 31 2024 | n/a | n/a | -CA$11m |
| Dec 31 2023 | CA$388k | CA$283k | -CA$10m |
| Sep 30 2023 | n/a | n/a | -CA$26m |
| Jun 30 2023 | n/a | n/a | -CA$24m |
| Mar 31 2023 | n/a | n/a | -CA$23m |
| Dec 31 2022 | CA$173k | CA$163k | -CA$22m |
| Sep 30 2022 | n/a | n/a | -CA$5m |
| Jun 30 2022 | n/a | n/a | -CA$6m |
| Mar 31 2022 | n/a | n/a | -CA$8m |
| Dec 31 2021 | CA$156k | CA$156k | -CA$7m |
| Sep 30 2021 | n/a | n/a | -CA$6m |
| Jun 30 2021 | n/a | n/a | -CA$4m |
| Mar 31 2021 | n/a | n/a | -CA$1m |
| Dec 31 2020 | CA$7k | n/a | -CA$1m |
Compensation vs Market: Jason's total compensation ($USD277.75K) is below average for companies of similar size in the German market ($USD782.05K).
Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.
CEO
Jason Jessup
3.5yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.5yrs | CA$388.33k | 5.38% € 10.1m | |
| Senior VP & Corporate Secretary | no data | CA$340.83k | 0.61% € 1.1m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Operating Officer | less than a year | no data | 0.061% € 114.0k | |
| Senior Vice President of Exploration and Geoscience | less than a year | no data | 0.026% € 48.5k |
0.7yrs
Average Tenure
Experienced Management: 8YD's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.5yrs | CA$388.33k | 5.38% € 10.1m | |
| Independent Director | 2.7yrs | CA$27.11k | no data | |
| Independent Director | 3.5yrs | CA$33.60k | 0.25% € 472.8k | |
| Independent Director | 3.5yrs | CA$27.11k | 0.15% € 278.9k | |
| Independent Chairman | 3.5yrs | CA$32.67k | 2.34% € 4.4m | |
| Independent Director | less than a year | no data | 0.093% € 174.5k |
3.5yrs
Average Tenure
56yo
Average Age
Experienced Board: 8YD's board of directors are considered experienced (3.5 years average tenure).