Agnico Eagle Mines Management

Management criteria checks 3/4

Agnico Eagle Mines' CEO is Ammar Al-Joundi, appointed in Apr 2015, has a tenure of 9.42 years. total yearly compensation is $7.76M, comprised of 12.4% salary and 87.6% bonuses, including company stock and options. directly owns 0.028% of the company’s shares, worth €10.15M. The average tenure of the management team and the board of directors is 2.6 years and 3.5 years respectively.

Key information

Ammar Al-Joundi

Chief executive officer

US$7.8m

Total compensation

CEO salary percentage	12.4%
CEO tenure	9.4yrs
CEO ownership	0.03%
Management average tenure	2.6yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ammar Al-Joundi's remuneration changed compared to Agnico Eagle Mines's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$620m
Mar 31 2024	n/a	n/a	US$472m
Dec 31 2023	US$8m	US$963k	US$2b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$8m	US$956k	US$670m
Sep 30 2022	n/a	n/a	US$578m
Jun 30 2022	n/a	n/a	US$630m
Mar 31 2022	n/a	n/a	US$536m
Dec 31 2021	US$7m	US$758k	US$562m
Sep 30 2021	n/a	n/a	US$666m
Jun 30 2021	n/a	n/a	US$770m
Mar 31 2021	n/a	n/a	US$678m
Dec 31 2020	US$5m	US$621k	US$512m
Sep 30 2020	n/a	n/a	US$638m
Jun 30 2020	n/a	n/a	US$492m
Mar 31 2020	n/a	n/a	US$415m
Dec 31 2019	US$4m	US$678k	US$473m
Sep 30 2019	n/a	n/a	-US$252m
Jun 30 2019	n/a	n/a	-US$312m
Mar 31 2019	n/a	n/a	-US$335m
Dec 31 2018	US$5m	US$695k	-US$327m
Sep 30 2018	n/a	n/a	US$104m
Jun 30 2018	n/a	n/a	US$160m
Mar 31 2018	n/a	n/a	US$210m
Dec 31 2017	US$5m	US$655k	US$241m

Compensation vs Market: Ammar's total compensation ($USD7.76M) is above average for companies of similar size in the German market ($USD5.35M).

Compensation vs Earnings: Ammar's compensation has been consistent with company performance over the past year.

CEO

Ammar Al-Joundi (60 yo)

9.4yrs

Tenure

US$7,755,236

Compensation

Mr. Ammar Al-Joundi, MBA, is Independent Director at Canadian Imperial Bank of Commerce from April 07, 2022. Mr. Al-Joundi is Director of CIBC INC. (Ontario, Canada) from 2022.He joined Canadian Imperial...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ammar Al-Joundi	CEO, President & Director	9.4yrs	US$7.76m	0.028% $ 10.2m
James Porter	Executive VP of Finance & Chief Financial Officer	1.3yrs	US$2.81m	0.0023% $ 857.2k
Jean Robitaille	Executive VP and Chief Strategy & Technology Officer	2.6yrs	US$2.66m	0.017% $ 6.2m
Natasha Nella Vaz	Executive VP and COO of Ontario	2.6yrs	US$2.27m	0.0016% $ 600.8k
Jean-Marie Clouet	Vice President of Investor Relations	less than a year	no data	no data
Christopher Vollmershausen	Executive VP of Legal	4.7yrs	no data	0.0021% $ 783.9k
Peter Netupsky	Vice President of Corporate Development	2.7yrs	no data	no data
Carol-Ann Plummer-Theriault	Executive Vice President of Sustainability	less than a year	no data	0.00095% $ 348.0k
Dominique Girard	Executive VP and COO of Nunavut	2.6yrs	US$3.80m	0.0056% $ 2.1m
Guy Gosselin	Executive Vice President of Exploration	5.1yrs	no data	0.0070% $ 2.6m
Mathew Cook	VP of Finance & Corporate Controller	12.6yrs	no data	no data
Ben Lam	Vice President of Treasury	4.4yrs	no data	no data

2.6yrs

Average Tenure

52yo

Average Age

Experienced Management: AE9's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ammar Al-Joundi	CEO, President & Director	2.6yrs	US$7.76m	0.028% $ 10.2m
Sean Boyd	Chair of the Board of Directors	26.4yrs	US$6.01m	0.027% $ 9.8m
Jamie Sokalsky	Lead Independent Director	9.3yrs	US$349.97k	0.0060% $ 2.2m
Elizabeth Lewis-Gray	Independent Director	2.6yrs	US$309.97k	0.00015% $ 54.9k
John Roberts	Independent Director	16.3yrs	US$309.97k	0.0034% $ 1.2m
Peter Grosskopf	Independent Director	2.6yrs	US$324.97k	0.0025% $ 912.1k
Jeffrey Parr	Independent Vice Chair of the Board	2.6yrs	US$345.20k	0.0031% $ 1.2m
Jonathan Gill	Independent Director	2.6yrs	US$330.20k	no data
Martine Celej	Independent Director	13.6yrs	US$309.97k	0.0038% $ 1.4m
Deborah McCombe	Independent Director	10.6yrs	US$324.97k	0.0031% $ 1.1m
Leona Aglukkaq	Independent Director	3.5yrs	US$322.47k	0.00035% $ 128.2k

3.5yrs

Average Tenure

65yo

Average Age

Experienced Board: AE9's board of directors are considered experienced (3.5 years average tenure).

Agnico Eagle Mines Management

Management criteria checks 3/4

Key information

Recent management updates

CEO, President & Director recently sold €11m worth of stock

Chair of the Board of Directors recently sold €7.3m worth of stock

Agnico Eagle Mines Limited Announces Transition of Boyd from Executive Chair to Chair of the Board of Directors, Effective December 31, 2023

Executive VP of Legal recently sold €238k worth of stock

CEO & Non-Independent Director recently bought €354k worth of stock

Insider recently sold €671k worth of stock

Recent updates

Upcoming dividend of US$0.40 per share

Second quarter dividend of US$0.40 announced

Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.66 in 2Q 2023)

CEO, President & Director recently sold €11m worth of stock

Upcoming dividend of US$0.40 per share

Chair of the Board of Directors recently sold €7.3m worth of stock

First quarter dividend of US$0.40 announced

First quarter 2024 earnings released: EPS: US$0.70 (vs US$3.87 in 1Q 2023)

Agnico Eagle Mines Limited Provides Gold Production Guidance for 2024

Now 23% overvalued after recent price rise

Full year 2023 earnings released: EPS: US$3.97 (vs US$1.53 in FY 2022)

Now 21% undervalued

Fourth quarter dividend of US$0.40 announced

Full year 2023 earnings released: EPS: US$3.97 (vs US$1.53 in FY 2022)

Agnico Eagle Declares Quarterly Cash Dividend, Payable on March 15, 2024

Now 21% undervalued

Agnico Eagle Mines Limited to Report Q2, 2024 Results on Jul 31, 2024

Now 20% undervalued

Upcoming dividend of US$0.40 per share at 3.2% yield

Third quarter 2023 earnings released: EPS: US$0.36 (vs US$0.17 in 3Q 2022)

Agnico Eagle Mines Limited Announces Transition of Boyd from Executive Chair to Chair of the Board of Directors, Effective December 31, 2023

Upcoming dividend of US$0.40 per share at 3.3% yield

Agnico Eagle Mines Limited Provides Production Guidance for the Year 2023

Agnico Eagle Mines Limited Approves Quarterly Cash Dividend, Payable on September 15, 2023

Second quarter 2023 earnings released: EPS: US$0.66 (vs US$0.61 in 2Q 2022)

Upcoming dividend of US$0.40 per share at 3.0% yield

Executive VP of Legal recently sold €238k worth of stock

Full year 2022 earnings released: EPS: US$1.53 (vs US$2.31 in FY 2021)

CEO & Non-Independent Director recently bought €354k worth of stock

Upcoming dividend of US$0.40 per share at 3.5% yield

Agnico Eagle Mines Limited Provides Production Guidance for the Full Year 2023, 2024, 2025

Full year 2022 earnings released: EPS: US$1.53 (vs US$2.23 in FY 2021)

Agnico Eagle Mines Limited Declares Quarterly Cash Dividend, Payable on March 15, 2023

Insider recently sold €671k worth of stock

Agnico Eagle Mines Limited to Report Q4, 2022 Results on Feb 16, 2023

Insider recently sold €173k worth of stock

Insider recently sold €507k worth of stock

Independent Director recently bought €120k worth of stock

Upcoming dividend of US$0.40 per share

High number of new directors

Pan American Silver Corp. (TSX:PAAS) and Agnico Eagle Mines Limited (NYSE:AEM) made a definitive binding offer to acquire remaining stake in Yamana Gold Inc. (TSX:YRI) for $4.9 billion.

Gold Fields Target Yamana Catches Eyes of Agnico Eagle, Pan American

Third quarter 2022 earnings released: EPS: US$0.17 (vs US$0.47 in 3Q 2021)

Agnico Eagle Mines Limited Provides Production Guidance for the Fiscal Year 2022

Upcoming dividend of US$0.40 per share

Agnico Eagle Mines Limited Provides an Drilling Updates

Second quarter 2022 earnings released: EPS: US$0.61 (vs US$0.78 in 2Q 2021)

Agnico Eagle Mines Limited Declares Quarterly Cash Dividend, Payable on September 15, 2022

Agnico Eagle Mines Limited Provides Production Guidance for the Year 2022

Agnico Eagle Mines Limited to Report Q2, 2022 Results on Jul 27, 2022

Upcoming dividend of US$0.40 per share

Independent Director recently sold €100k worth of stock

Agnico Eagle Mines Limited (NYSE:AEM) announces an Equity Buyback for $500 million worth of its shares.

First quarter 2022 earnings released: EPS: US$0.29 (vs US$0.56 in 1Q 2021)

High number of new directors

Maple Gold Mines Ltd. and Agnico Eagle Mines Limited Updates 2021 Drill Program

High number of new directors

Investor sentiment improved over the past week

Executive Chairman recently bought €934k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Agnico Eagle Mines Announces Results from 59 Holes, Including Four Wedge Holes and One Hole Extension, Totaling 49,073.5 M of Drilling Along the Detour Mine Trend At the Detour Lake Property

Agnico Eagle Mines Limited Announces Reconstitute of Board of Directors

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of Kirkland Lake Gold Ltd. (TSX:KL) in a merger of equals transaction.

Agnico Eagle Mines Limited to Report Q4, 2021 Results on Feb 23, 2022

Agnico Eagle Mines Limited Provides Update on Nunavut Operations

Maple Gold Mines Ltd. and Agnico Eagle Mines Limited Add a Second Drill Rig at Douay, Prepares for Phase I Drilling

Insufficient new directors

Upcoming dividend of US$0.35 per share