Northern Star Resources Management

Management criteria checks 2/4

Northern Star Resources' CEO is Stuart Tonkin, appointed in Oct 2016, has a tenure of 7.5 years. total yearly compensation is A$6.31M, comprised of 26.5% salary and 73.5% bonuses, including company stock and options. directly owns 0.075% of the company’s shares, worth €7.93M. The average tenure of the management team and the board of directors is 3.3 years and 3 years respectively.

Key information

Stuart Tonkin

Chief executive officer

AU$6.3m

Total compensation

CEO salary percentage	26.5%
CEO tenure	7.5yrs
CEO ownership	0.07%
Management average tenure	3.3yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Stuart Tonkin's remuneration changed compared to Northern Star Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$736m
Sep 30 2023	n/a	n/a	AU$661m
Jun 30 2023	AU$6m	AU$2m	AU$585m
Mar 31 2023	n/a	n/a	AU$404m
Dec 31 2022	n/a	n/a	AU$223m
Sep 30 2022	n/a	n/a	AU$338m
Jun 30 2022	AU$5m	AU$2m	AU$452m
Mar 31 2022	n/a	n/a	AU$789m
Dec 31 2021	n/a	n/a	AU$1b
Sep 30 2021	n/a	n/a	AU$1b
Jun 30 2021	AU$3m	AU$1m	AU$1b
Mar 31 2021	n/a	n/a	AU$674m
Dec 31 2020	n/a	n/a	AU$315m
Sep 30 2020	n/a	n/a	AU$286m
Jun 30 2020	AU$2m	AU$1m	AU$258m
Mar 31 2020	n/a	n/a	AU$229m
Dec 31 2019	n/a	n/a	AU$199m
Sep 30 2019	n/a	n/a	AU$177m
Jun 30 2019	AU$2m	AU$590k	AU$155m
Mar 31 2019	n/a	n/a	AU$176m
Dec 31 2018	n/a	n/a	AU$197m
Sep 30 2018	n/a	n/a	AU$196m
Jun 30 2018	AU$1m	AU$590k	AU$194m
Dec 31 2017	n/a	n/a	AU$183m
Sep 30 2017	n/a	n/a	AU$186m
Jun 30 2017	AU$1m	AU$553k	AU$189m

Compensation vs Market: Stuart's total compensation ($USD4.14M) is about average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Stuart's compensation has increased by more than 20% in the past year.

CEO

Stuart Tonkin (47 yo)

7.5yrs

Tenure

AU$6,305,106

Compensation

Mr. Stuart Peter Tonkin, BEng (Hons) has been the Chief Executive Officer at Northern Star Resources Limited since October 29, 2016. He has been Managing Director and Director of Northern Star Resources Li...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stuart Tonkin	CEO, MD & Director	7.5yrs	AU$6.31m	0.075% A$ 7.9m
Ryan Gurner	Chief Financial Officer	2.3yrs	AU$1.66m	0.0038% A$ 401.5k
Simon Jessop	Chief Operating Officer	3.3yrs	AU$2.25m	0.023% A$ 2.4m
Hilary Macdonald	Chief Legal Officer & Company Secretary	8.3yrs	AU$1.46m	0.0066% A$ 695.0k
Steven McClare	Chief Technical Officer	3.3yrs	no data	no data
Sophie Spartalis	General Manager of Investor Relations	2.4yrs	no data	no data
Marianne Dravnieks	Executive Manager People & Culture	3.3yrs	no data	no data
Michael Mulroney	Chief Development Officer	no data	AU$889.25k	no data
Daniel Howe	Chief Geological Officer	2.3yrs	no data	no data
Sarah Reilly	Senior Legal Counsel & Joint Company Secretary	1.6yrs	no data	no data

3.3yrs

Average Tenure

Experienced Management: NS7's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stuart Tonkin	CEO, MD & Director	2.8yrs	AU$6.31m	0.075% A$ 7.9m
Michael Chaney	Non-Executive Chairman	2.8yrs	AU$615.00k	0.0061% A$ 645.2k
John Fitzgerald	Independent Non-Executive Director	11.4yrs	AU$266.83k	0.0055% A$ 582.7k
Sharon Warburton	Independent Non-Executive Director	2.6yrs	AU$254.13k	0.0013% A$ 134.6k
Nicholas Cernotta	Independent Non-Executive Director	4.8yrs	AU$256.58k	0.0025% A$ 264.9k
John Richards	Non-Executive Director	3.2yrs	AU$246.65k	0.0018% A$ 189.6k
Sally Langer	Non-Executive Director	3.2yrs	AU$279.17k	0.0012% A$ 126.1k
Marnie Finlayson	Independent Non-Executive Director	1.5yrs	AU$169.49k	0.00030% A$ 31.8k

3.0yrs

Average Tenure

56.5yo

Average Age

Experienced Board: NS7's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.

Northern Star Resources Management

Management criteria checks 2/4

Key information

Recent management updates

CEO, MD & Director recently sold €2.2m worth of stock

Northern Star Resources Limited, Annual General Meeting, Nov 16, 2023

Independent Non-Executive Director recently sold €72k worth of stock

CEO, MD & Director recently sold €1.5m worth of stock

High number of new directors

Independent Non-Executive Director recently bought €54k worth of stock

Recent updates

Northern Star Resources Limited to Report Q3, 2024 Results on Apr 23, 2024

Upcoming dividend of AU$0.15 per share

First half dividend of AU$0.15 announced

First half 2024 earnings released: EPS: AU$0.17 (vs AU$0.041 in 1H 2023)

Northern Star Resources Limited to Report First Half, 2024 Results on Feb 22, 2024

CEO, MD & Director recently sold €2.2m worth of stock

Northern Star Resources Limited (ASX:NST) entered into a binding Asset Sale Agreement to acquire 62 tenements in east Kalgoorlie from Horizon Minerals Limited (ASX:HRZ) for AUD 3.1 million.

Northern Star Resources Limited to Report Q1, 2024 Results on Oct 19, 2023

Northern Star Resources Limited, Annual General Meeting, Nov 16, 2023

Upcoming dividend of AU$0.15 per share at 2.3% yield

Northern Star Resources Limited Announces Unfranked Final Ordinary Dividend for Fiscal Year Ended 30 June 2023, Payable on 12 October 2023

Full year 2023 earnings released: EPS: AU$0.51 (vs AU$0.37 in FY 2022)

Northern Star Resources Limited to Report Fiscal Year 2023 Results on Aug 24, 2023

Northern Star Resources Limited (ASX:NST) completed the acquisition of Tenements comprising the Millrose Project from Strickland Metals Limited (ASX:STK).

Northern Star Resources Limited to Report Q4, 2023 Results on Jul 19, 2023

Northern Star Resources Limited (ASX:NST) entered into a binding asset sale agreement to acquire interests in Tenements comprising the Millrose Project from Strickland Metals Limited (ASX:STK) for AUD 59.5 million.

Independent Non-Executive Director recently sold €72k worth of stock

Now 22% undervalued after recent price drop

Upcoming dividend of AU$0.11 per share at 2.3% yield

First half 2023 earnings released: EPS: AU$0.041 (vs AU$0.24 in 1H 2022)

Northern Star Resources Limited to Report First Half, 2023 Final Results on Feb 20, 2023

Northern Star Resources Limited to Report Q2, 2023 Results on Jan 19, 2023

CEO, MD & Director recently sold €1.5m worth of stock

High number of new directors

Northern Star Resources Limited Announces Positive Progress from Its FY23 Exploration Program

Investor sentiment improved over the past week

Now 21% undervalued

Northern Star Resources Limited Provides Sales Guidance for the Year 2023

Northern Star Resources Limited to Report Q1, 2023 Results on Oct 19, 2022

Independent Non-Executive Director recently bought €54k worth of stock

Northern Star Resources Limited, Annual General Meeting, Nov 16, 2022

Northern Star Resources Limited Appoints Marnie Finlayson as an Independent Non-Executive Director, Effective from 1 October 2022

Non-Executive Chairman recently bought €236k worth of stock

Northern Star Resources Ltd. Appoints Sarah Reilly as Joint Company Secretary

Full year 2022 earnings released: EPS: AU$0.37 (vs AU$1.15 in FY 2021)

Northern Star Resources Limited Declares Fully Franked Final Dividend for the Year Ended June 30, 2022, Payable on September 29, 2022

Northern Star Resources Limited Provides Sales Guidance for the Year 2023

Northern Star Resources Limited Announces Board Changes

Northern Star Resources Limited to Report Fiscal Year 2022 Results on Aug 29, 2022

Northern Star Resources Limited Provides Sales Guidance for the Fiscal Year 2023

Northern Star Resources Limited to Report Q4, 2022 Results on Jul 20, 2022

Black Cat Syndicate Limited (ASX:BC8) acquired Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST).

Less than half of directors are independent

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST).

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST).

Northern Star Resources Limited to Report Q3, 2022 Results on Apr 27, 2022

Northern Star Resources Limited Announces Raleigh Finlayson Agreed to Re-Join the Board as Non-Executive Director, effective on 4 April 2022

Upcoming dividend of AU$0.10 per share

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Northern Star Resources Limited Provides Production Guidance for the Year 2022

Northern Star Resources Limited Announces Franked Distribution for the Six Months Ended December 31, 2021, Payable on March 29, 2022

Northern Star Resources Limited to Report First Half, 2022 Results on Feb 10, 2022

CEO, MD & Director recently bought €275k worth of stock

Northern Star Resources Limited (ASX:NST) completed the acquisition of GMK Investments Pty Ltd. from Newmont Australia Pty Ltd.

Northern Star Resources Limited (ASX:NST) entered into binding sale agreement to acquire GMK Investments Pty Ltd. from Newmont Australia Pty Ltd for $95 million.

Non-Executive Director recently bought €62k worth of stock

Executive Director Raleigh Finlayson has left the company

Executive Director recently bought €599k worth of stock

CEO, MD & Director recently bought €290k worth of stock

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board