Lundin Mining Management
Management criteria checks 2/4
Lundin Mining's CEO is Jack O. Lundin, appointed in Dec 2022, has a tenure of 2.33 years. total yearly compensation is $3.95M, comprised of 15.7% salary and 84.3% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth SEK74.75M. The average tenure of the management team and the board of directors is 2.4 years and 2.9 years respectively.
Key information
Jack O. Lundin
Chief executive officer
US$4.0m
Total compensation
| CEO salary percentage | 15.7% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.4yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | US$4m | US$621k | US$11m |
| Sep 30 2024 | n/a | n/a | US$275m |
| Jun 30 2024 | n/a | n/a | US$171m |
| Mar 31 2024 | n/a | n/a | US$109m |
| Dec 31 2023 | US$2m | US$358k | US$203m |
| Sep 30 2023 | n/a | n/a | US$348m |
| Jun 30 2023 | n/a | n/a | US$340m |
| Mar 31 2023 | n/a | n/a | US$228m |
| Dec 31 2022 | US$1m | US$26k | US$427m |
| Sep 30 2022 | n/a | n/a | US$510m |
| Jun 30 2022 | n/a | n/a | US$695m |
| Mar 31 2022 | n/a | n/a | US$990m |
| Dec 31 2021 | US$112k | n/a | US$780m |
Compensation vs Market: Jack O.'s total compensation ($USD3.95M) is about average for companies of similar size in the UK market ($USD3.81M).
Compensation vs Earnings: Jack O.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Jack O. Lundin (35 yo)
2.3yrs
Tenure
US$3,950,365
Compensation
Mr. Jack O. A. Lundin serves as Chief Executive Officer of Lundin Mining Corporation since December 4, 2023 and is its Director since January 01, 2024. He serves as Independent Chairman of Lundin Gold Inc....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.3yrs | US$3.95m | 0.12% SEK 74.8m | |
| Executive VP & CFO | 2.6yrs | US$2.51m | 0.0070% SEK 4.4m | |
| Executive VP & COO | 2.7yrs | US$2.29m | no data | |
| Executive VP & General Counsel | 2.3yrs | US$2.15m | no data | |
| Vice President of Technology & Innovation | 1.7yrs | no data | no data | |
| Vice President of Investor Relations | 1.7yrs | no data | no data | |
| Vice President of Corporate Development & Strategy | 4.3yrs | no data | no data | |
| Vice President of Human Resources | 2.5yrs | no data | no data | |
| Vice President of Exploration | no data | no data | no data | |
| Vice President of Sustainability | 1.4yrs | no data | no data | |
| Director of Governance & Corporate Secretary | 7yrs | no data | 0.0012% SEK 768.4k | |
| Vice President of Tax & Treasury | no data | no data | no data |
2.4yrs
Average Tenure
Experienced Management: LUMIS's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.3yrs | US$3.95m | 0.12% SEK 74.8m | |
| Independent Director | 18.5yrs | US$208.09k | 0.0096% SEK 6.1m | |
| Lead Independent Director | 4.9yrs | US$195.68k | 0.22% SEK 136.9m | |
| Independent Director | 18.5yrs | US$204.44k | 0.0058% SEK 3.7m | |
| Independent Director | 3.1yrs | US$155.52k | 0.0043% SEK 2.8m | |
| Chairman of the Board | 2.9yrs | US$251.90k | 0.35% SEK 223.7m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2.7yrs | US$182.54k | 0.00061% SEK 387.4k | |
| Independent Director | 2.1yrs | US$149.68k | no data |
2.9yrs
Average Tenure
59yo
Average Age
Experienced Board: LUMIS's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/22 16:24 |
| End of Day Share Price | 2025/04/22 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lundin Mining Corporation is covered by 56 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Olof Grenmark | ABG Sundal Collier |
| Farooq Hamed | Barclays |
| Charlie Clark | Berenberg |