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 9.08 years. total yearly compensation is $7.62M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.04% of the company’s shares, worth CA$17.28M. The average tenure of the management team and the board of directors is 2.3 years and 3.2 years respectively.

Key information

Ammar Al-Joundi

Chief executive officer

US$7.6m

Total compensation

CEO salary percentage	12.5%
CEO tenure	9.1yrs
CEO ownership	0.04%
Management average tenure	2.3yrs
Board average tenure	3.2yrs

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
Mar 31 2024	n/a	n/a	US$472m
Dec 31 2023	n/a	n/a	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 ($USD7.62M) is above average for companies of similar size in the UK market ($USD5.62M).

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

CEO

Ammar Al-Joundi (59 yo)

9.1yrs

Tenure

US$7,620,631

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
James Porter	Executive VP of Finance & Chief Financial Officer	less than a year	US$2.81m	0.0023% $ 999.1k
Jean Robitaille	Executive VP and Chief Strategy & Technology Officer	2.3yrs	US$2.66m	0.022% $ 9.6m
Natasha Nella Vaz	Executive VP and COO of Ontario	2.3yrs	US$2.27m	0.0016% $ 695.1k
Ammar Al-Joundi	CEO, President & Director	9.1yrs	US$7.62m	0.040% $ 17.3m
Christopher Vollmershausen	Executive VP of Legal	4.3yrs	no data	0.0021% $ 912.3k
Peter Netupsky	Vice President of Corporate Development	2.3yrs	no data	no data
Jason Allaire	Vice President of Health	2.3yrs	no data	no data
Dominique Girard	Executive VP and COO of Nunavut	2.3yrs	US$3.80m	0.0056% $ 2.4m
Carol-Ann Plummer-Theriault	Executive Vice President of Operational Excellence	no data	no data	0.0040% $ 1.7m
Guy Gosselin	Executive Vice President of Exploration	4.8yrs	no data	0.0077% $ 3.3m
Mohammed Ali	Vice President of Sustainability & Regulatory Affairs	2.3yrs	no data	no data
Mathew Cook	VP of Finance & Corporate Controller	12.3yrs	no data	no data

2.3yrs

Average Tenure

51yo

Average Age

Experienced Management: 0R2J's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ammar Al-Joundi	CEO, President & Director	2.3yrs	US$7.62m	0.040% $ 17.3m
Sean Boyd	Chair of the Board of Directors	26.1yrs	US$15.46m	0.051% $ 22.1m
Jamie Sokalsky	Lead Independent Director	8.9yrs	US$349.97k	0.0060% $ 2.6m
Elizabeth Lewis-Gray	Independent Director	2.3yrs	US$309.97k	0.00015% $ 65.2k
John Roberts	Independent Director	15.9yrs	US$309.97k	0.0046% $ 2.0m
Peter Grosskopf	Independent Director	2.3yrs	US$324.97k	0.0025% $ 1.1m
Jeffrey Parr	Independent Vice Chair of the Board	2.3yrs	US$345.20k	0.0032% $ 1.4m
Jonathan Gill	Independent Director	2.3yrs	US$330.20k	no data
Martine Celej	Independent Director	13.3yrs	US$309.97k	0.0038% $ 1.6m
Deborah McCombe	Independent Director	10.3yrs	US$324.97k	0.0031% $ 1.3m
Leona Aglukkaq	Independent Director	3.2yrs	US$322.47k	0.00036% $ 156.4k

3.2yrs

Average Tenure

64yo

Average Age

Experienced Board: 0R2J's board of directors are considered experienced (3.2 years average tenure).

Agnico Eagle Mines Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

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

High number of new directors

High number of new directors

Executive VP of Legal recently sold CA$352k worth of stock

CEO & Non-Independent Director recently bought CA$510k worth of stock

Recent updates

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

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

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

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

High number of new directors

Now 21% undervalued after recent price drop

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

High number of new directors

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)

High number of new directors

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

Executive VP of Legal recently sold CA$352k 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 CA$510k worth of stock

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

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

Insider recently sold CA$249k worth of stock

Insider recently sold CA$734k worth of stock

Independent Director recently bought CA$173k 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

Investor sentiment improved over the past week

High number of new directors

Upcoming dividend of US$0.40 per share

Agnico Eagle Mines Limited Provides an Drilling Updates

High number of new directors

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

Agnico Eagle Mines Limited Provides Production Guidance for the Year 2022

High number of new directors

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

Upcoming dividend of US$0.40 per share

High number of new directors

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

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 CA$1.3m worth of stock

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

Agnico Eagle Mines Limited (NYSE:AEM) signed an agreement to acquire Pima Property Located in Sonora, Mexico from Riverside Resources Inc. (TSXV:RRI).

Agnico Eagle Mines Limited Announces Executive Changes

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

Insufficient new directors

Agnico Eagle Mines Limited Provides Update on Nunavut Operations

Insufficient new directors

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

Second quarter 2021 earnings released: EPS US$0.78 (vs US$0.44 in 2Q 2020)

Gold Line Resources Ltd. (TSXV:GLDL) and EMX Royalty Corporation (TSXV:EMX) completed the acquisition of Oijärvi Gold and Solvik Gold Project from Agnico Eagle Mines Limited (NYSE:AEM).

Upcoming dividend of US$0.35 per share

Senior VP of Legal recently sold CA$114k worth of stock

First quarter 2021 earnings released: EPS US$0.56 (vs US$0.09 loss in 1Q 2020)