Evolution Mining Management

Management criteria checks 2/4

Evolution Mining's CEO is Lawrie Conway, appointed in Jan 2023, has a tenure of 1.5 years. total yearly compensation is A$2.89M, comprised of 29.8% salary and 70.2% bonuses, including company stock and options. directly owns 0.079% of the company’s shares, worth €3.34M. The average tenure of the management team and the board of directors is 1.5 years and 8.6 years respectively.

Key information

Lawrie Conway

Chief executive officer

AU$2.9m

Total compensation

CEO salary percentage	29.8%
CEO tenure	1.5yrs
CEO ownership	0.08%
Management average tenure	1.5yrs
Board average tenure	8.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lawrie Conway's remuneration changed compared to Evolution Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$159m
Sep 30 2023	n/a	n/a	AU$161m
Jun 30 2023	AU$3m	AU$862k	AU$164m
Mar 31 2023	n/a	n/a	AU$248m
Dec 31 2022	n/a	n/a	AU$333m
Sep 30 2022	n/a	n/a	AU$328m
Jun 30 2022	AU$2m	AU$738k	AU$323m
Mar 31 2022	n/a	n/a	AU$265m
Dec 31 2021	n/a	n/a	AU$207m
Sep 30 2021	n/a	n/a	AU$276m
Jun 30 2021	AU$2m	AU$740k	AU$345m
Mar 31 2021	n/a	n/a	AU$364m
Dec 31 2020	n/a	n/a	AU$383m
Sep 30 2020	n/a	n/a	AU$342m
Jun 30 2020	AU$2m	AU$739k	AU$302m
Mar 31 2020	n/a	n/a	AU$288m
Dec 31 2019	n/a	n/a	AU$274m
Sep 30 2019	n/a	n/a	AU$246m
Jun 30 2019	AU$1m	AU$724k	AU$218m
Mar 31 2019	n/a	n/a	AU$225m
Dec 31 2018	n/a	n/a	AU$232m
Sep 30 2018	n/a	n/a	AU$248m
Jun 30 2018	AU$1m	AU$715k	AU$263m

Compensation vs Market: Lawrie's total compensation ($USD1.93M) is about average for companies of similar size in the German market ($USD2.26M).

Compensation vs Earnings: Lawrie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Lawrie Conway

1.5yrs

Tenure

AU$2,889,582

Compensation

Mr. Lawrence John Conway, also known as Lawrie, BBus, MAICD, CPA, GAICD, serves as Managing Director and Chief Executive Officer at Evolution Mining Limited since January 1, 2023. He has been a Director at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jacob Klein	Executive Chairman	12.8yrs	AU$3.90m	0.76% A$ 32.0m
Lawrence Conway	CEO, MD & Director	1.5yrs	AU$2.89m	0.079% A$ 3.3m
Barend Van Der Merwe	Chief Financial Officer	1.3yrs	AU$701.02k	no data
Evan Elstein	Company Secretary and VP of Information Technology	12.8yrs	AU$1.63m	0.028% A$ 1.2m
Paul Eagle	Vice President of People & Culture	8yrs	AU$1.62m	0.050% A$ 2.1m
Fiona Murfitt	Vice President of Sustainability	4yrs	AU$1.57m	no data
Matthew O'Neill	Chief Operating Officer	less than a year	no data	no data
Nancy Guay	Chief Technical Officer	less than a year	no data	no data
Peter O'Connor	General Manager of Investor Relations	no data	no data	no data

1.5yrs

Average Tenure

Experienced Management: WE7's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jacob Klein	Executive Chairman	12.8yrs	AU$3.90m	0.76% A$ 32.0m
Lawrence Conway	CEO, MD & Director	12.8yrs	AU$2.89m	0.079% A$ 3.3m
James Askew	Independent Non-Executive Director	12.8yrs	AU$236.86k	0.044% A$ 1.9m
Thomas McKeith	Independent Non-Executive Director	10.4yrs	AU$231.86k	0.014% A$ 609.9k
Victoria Binns	Independent Non-Executive Director	4.3yrs	AU$216.86k	0.0045% A$ 189.8k
Peter Smith	Lead independent Director	4.3yrs	AU$231.86k	0.0052% A$ 220.2k
Andrea Hall	Independent Non-Executive Director	6.8yrs	AU$256.86k	0.0053% A$ 221.9k
Jason Attew	Independent Non-Executive Director	4.6yrs	AU$269.60k	0.0051% A$ 215.1k

8.6yrs

Average Tenure

60yo

Average Age

Experienced Board: WE7's board of directors are considered experienced (8.6 years average tenure).

Evolution Mining Management

Management criteria checks 2/4

Key information

Recent management updates

Evolution Mining Limited, Annual General Meeting, Nov 21, 2024

Executive Chairman recently sold €2.2m worth of stock

Insufficient new directors

Evolution Mining Limited Announces Appointment of Lawrie Conway as Chief Executive Officer, Effective 1 January 2023

Evolution Mining Limited, Annual General Meeting, Nov 24, 2022

Executive Chairman recently bought €89k worth of stock

Recent updates

Now 22% undervalued after recent price drop

Evolution Mining Limited, Annual General Meeting, Nov 21, 2024

Evolution Mining Limited to Report Q1, 2025 Results on Oct 16, 2024

Evolution Mining Limited to Report Q4, 2024 Results on Jul 18, 2024

Upcoming dividend of AU$0.02 per share

First half 2024 earnings released: EPS: AU$0.052 (vs AU$0.055 in 1H 2023)

First half dividend of AU$0.02 announced

Evolution Mining Limited to Report First Half, 2024 Results on Feb 14, 2024

Evolution Mining Limited to Report Q3, 2024 Results on Apr 17, 2024

Investor sentiment deteriorates as stock falls 19%

Evolution Mining Limited to Report Q2, 2024 Results on Jan 17, 2024

Evolution Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 525.000001 million.

Evolution Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 60.000001 million.

Investor sentiment improves as stock rises 16%

Executive Chairman recently sold €2.2m worth of stock

Upcoming dividend of AU$0.02 per share at 1.2% yield

Evolution Mining Limited Declares a Fully Franked Final Dividend for the Year 2023, Payable on 6 October 2023

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: AU$0.18 (vs AU$0.18 in FY 2022)

Investor sentiment improves as stock rises 17%

Now 23% undervalued

Insufficient new directors

Now 21% undervalued after recent price drop

Upcoming dividend of AU$0.02 per share at 1.4% yield

First half 2023 earnings released: EPS: AU$0.055 (vs AU$0.05 in 1H 2022)

Evolution Mining Limited Declares Fully Franked Interim Dividend for the Half-Year Ended December 31, 2022, Payable on June 6, 2023

Evolution Mining Limited to Report Q4, 2023 Results on Jul 20, 2023

Evolution Mining Limited Announces Continued Exploration Success At Ernest Henry

Evolution Mining Limited to Report Q2, 2023 Results on Jan 19, 2023

Evolution Mining Limited Announces Significant New Copper-Gold Extensions At Ernest Henry

Investor sentiment improved over the past week

Musgrave Minerals Ltd. Reports Further Assay Results from Diamond and Aircore Drilling Programs on the Cue Joint Venture with Evolution Mining Ltd in Western Australia's Murchison District

Evolution Mining Limited Announces Mt Rawdon Pumped Hydro Receives Coordinated Project Status

Evolution Mining Limited Announces Appointment of Lawrie Conway as Chief Executive Officer, Effective 1 January 2023

Evolution Mining Limited, Annual General Meeting, Nov 24, 2022

Full year 2022 earnings released: EPS: AU$0.18 (vs AU$0.20 in FY 2021)

Upcoming dividend of AU$0.03 per share

Evolution Mining Limited Declares Fully Franked Final Dividend for 2022, Payable on 30 September 2022

Evolution Mining Limited Announces Material Increase in Ernest Henry Mineral Resource

Investor sentiment improved over the past week

Evolution Mining Limited to Report Fiscal Year 2022 Final Results on Oct 24, 2022

Evolution Mining Limited to Report Q4, 2022 Results on Jul 21, 2022

Executive Chairman recently bought €89k worth of stock

Investor sentiment deteriorated over the past week

Evolution Mining Limited Provides Production Guidance for the Quarter Ending June 2022, Fiscal Year 2022, 2023 and 2024

Upcoming dividend of AU$0.03 per share

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Evolution Mining Limited Declares Fully Franked Interim Dividend, Payable on March 25, 2022

Investor sentiment deteriorated over the past week

Evolution Mining Limited (ASX:EVN) completed the acquisition of Ernest Henry Mining Pty Ltd. from Glencore plc (LSE:GLEN).

Investor sentiment improved over the past week

Evolution Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 67.911297 million.

Upcoming dividend of AU$0.05 per share

Full year 2021 earnings released: EPS AU$0.20 (vs AU$0.18 in FY 2020)

Evolution Mining Limited announced that it expects to receive $550 million in funding

Evolution Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 400 million.

Investor sentiment deteriorated over the past week

Evolution Mining Limited Approves, Subject to Receipt of Final Regulatory Approval, the Development of the Cowal Underground Mine and A Clear and Defined Pathway to Grow Gold Production at Red Lake to 350,000 Ounces Per Annum

Andromeda Metals Limited (ASX:ADN) acquired remaining 51% Drummond Project from Evolution Mining Limited (ASX:EVN).

Evolution Mining Limited (ASX:EVN) entered into a definitive arrangement agreement to acquire Battle North Gold Corporation (TSX:BNAU) for approximately CAD 340 million.

Independent Non-Executive Director recently bought €70k worth of stock

Upcoming Dividend of AU$0.07 Per Share

First half 2021 earnings released: EPS AU$0.13 (vs AU$0.087 in 1H 2020)

Revenue beats expectations

New 90-day low: €2.68

Evolution Mining Limited Advises That It Has Received Board Approval to Progress the Development of A Surface Decline At the Red Lake Gold Mine in Ontario, Canada

Evolution Mining Limited to Report Q4, 2021 Results on Jul 22, 2021

New 90-day low: €2.86

Evolution Mining Limited (ASX:EVN) acquired remaining 30% stake in Crush Creek project from Basin Gold Pty Ltd for AUD 4.5 million.