Denison Mines Management

Management criteria checks 3/4

Denison Mines' CEO is David Cates, appointed in Jan 2015, has a tenure of 9.33 years. total yearly compensation is CA$1.54M, comprised of 32.3% salary and 67.7% bonuses, including company stock and options. directly owns 0.24% of the company’s shares, worth $4.33M. The average tenure of the management team and the board of directors is 0.7 years and 4.4 years respectively.

Key information

David Cates

Chief executive officer

CA$1.5m

Total compensation

CEO salary percentage	32.3%
CEO tenure	9.3yrs
CEO ownership	0.2%
Management average tenure	less than a year
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Cates's remuneration changed compared to Denison Mines's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$2m	CA$498k	CA$89m
Sep 30 2023	n/a	n/a	CA$50m
Jun 30 2023	n/a	n/a	-CA$14m
Mar 31 2023	n/a	n/a	-CA$31m
Dec 31 2022	CA$2m	CA$467k	CA$13m
Sep 30 2022	n/a	n/a	CA$17m
Jun 30 2022	n/a	n/a	CA$57m
Mar 31 2022	n/a	n/a	CA$70m
Dec 31 2021	CA$2m	CA$450k	CA$19m
Sep 30 2021	n/a	n/a	CA$19m
Jun 30 2021	n/a	n/a	-CA$20m
Mar 31 2021	n/a	n/a	-CA$19m
Dec 31 2020	CA$810k	CA$318k	-CA$16m
Sep 30 2020	n/a	n/a	-CA$15m
Jun 30 2020	n/a	n/a	-CA$16m
Mar 31 2020	n/a	n/a	-CA$19m
Dec 31 2019	CA$960k	CA$313k	-CA$18m
Sep 30 2019	n/a	n/a	-CA$30m
Jun 30 2019	n/a	n/a	-CA$28m
Mar 31 2019	n/a	n/a	-CA$28m
Dec 31 2018	CA$1m	CA$306k	-CA$30m
Sep 30 2018	n/a	n/a	-CA$18m
Jun 30 2018	n/a	n/a	-CA$22m
Mar 31 2018	n/a	n/a	-CA$25m
Dec 31 2017	CA$838k	CA$300k	-CA$19m

Compensation vs Market: David's total compensation ($USD1.13M) is below average for companies of similar size in the US market ($USD5.72M).

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

CEO

David Cates (41 yo)

9.3yrs

Tenure

CA$1,543,594

Compensation

Mr. David Daniel Cates, CPA, CA, MAcc, has been the Chief Executive Officer and President at Uranium Participation Corporation since January 14, 2016. Mr. Cates has been the Chief Executive Officer of Deni...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Cates	President	9.3yrs	CA$1.54m	0.24% CA$ 4.3m
Elizabeth Sidle	VP of Finance & CFO	less than a year	CA$549.02k	0.00054% CA$ 9.9k
Kevin Himbeault	Vice President of Operations	2.3yrs	CA$556.73k	no data
Amanda Willett	VP of Legal & Corporate Secretary	7.9yrs	CA$533.45k	0.020% CA$ 359.0k
Mary Smith	Vice President of Human Resources	less than a year	CA$334.76k	0.000060% CA$ 1.1k
Sophia Shane	Investor Relations	no data	no data	no data
Geoffrey Smith	Vice President of Corporate Development & Commercial	less than a year	no data	no data
Andy Yackulic	VP of Exploration	4.3yrs	no data	no data
Janna Switzer	Vice President of Environment	less than a year	no data	no data
Chad Sorba	Vice President of Technical Services & Project Evaluation	less than a year	no data	no data

0.7yrs

Average Tenure

Experienced Management: DNN's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
David Cates	President	5.8yrs	CA$1.54m	0.24% CA$ 4.3m
Ronald Hochstein	Independent Chairman of the Board	24.1yrs	CA$205.28k	0.16% CA$ 2.9m
Brian Edgar	Lead Independent Director	19.2yrs	CA$175.28k	0.019% CA$ 350.6k
Jennifer Traub	Independent Director	3yrs	CA$172.38k	no data
David Neuburger	Independent Director	3yrs	CA$180.28k	0.0073% CA$ 133.3k
Patricia Volker	Independent Director	5.8yrs	CA$191.68k	0.021% CA$ 392.9k
Laurie Sterritt	Independent Director	2.3yrs	CA$170.28k	no data
Jong Hong	Director	less than a year	no data	no data

4.4yrs

Average Tenure

57yo

Average Age

Experienced Board: DNN's board of directors are considered experienced (4.4 years average tenure).

Denison Mines Management

Management criteria checks 3/4

Key information

Recent management updates

President recently sold US$1.4m worth of stock

Denison Mines Corp., Annual General Meeting, May 09, 2024

Denison Mines Corp. Appoints Ms. Elizabeth Sidle as Chief Financial Officer

President recently sold US$2.5m worth of stock

Denison Mines Corp. Announces CFO Changes

Denison Mines Corp. Announces CFO Changes

Recent updates

President recently sold US$1.4m worth of stock

New major risk - Revenue and earnings growth

Denison Mines Corp. to Report Q3, 2024 Results on Nov 07, 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: CA$0.10 (vs CA$0.018 in FY 2022)

Denison Mines Corp., Annual General Meeting, May 09, 2024

Investor sentiment improves as stock rises 19%

Denison Mines Corp. Appoints Ms. Elizabeth Sidle as Chief Financial Officer

President recently sold US$2.5m worth of stock

Third quarter 2023 earnings released: EPS: CA$0.069 (vs CA$0.008 loss in 3Q 2022)

Denison Mines Corp. Announces Successful Completion of Recovered Solution Management Phase of Phoenix ISR Feasibility Field Test

Price target increased by 18% to US$5.00

Denison Mines Corp. has completed a Follow-on Equity Offering in the amount of $55.13 million.

Denison Mines Corp. announced that it expects to receive $15 million in funding

Denison Mines Corp. Announces CFO Changes

Denison Mines Corp. Announces CFO Changes

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: CA$0 (vs CA$0.02 loss in 2Q 2022)

Denison Mines Corp. Reports Significant Increase in Economic Results for Wheeler River

First quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.052 profit in 1Q 2022)

Full year 2022 earnings released: EPS: CA$0.018 (vs CA$0.024 in FY 2021)

Investor sentiment deteriorates as stock falls 16%

President recently sold US$390k worth of stock

President recently sold US$327k worth of stock

Denison Announces 97% Recovery from Long-Term Phoenix ISR Core Leach Test

Denison Announces Additional Highlights from Highly Successful Leaching Phase of Phoenix Isr Feasibility Field Test

Price target increased to US$4.25

Third quarter 2022 earnings released: CA$0.008 loss per share (vs CA$0.041 profit in 3Q 2021)

Denison Mines Corp. Announces History-Making Recovery of Uranium Bearing Solution from Phoenix ISR Feasibility Field Test

Denison Mines Corp. Announces History-Making Recovery of Uranium Bearing Solution from Phoenix ISR Feasibility Field Test

Investor sentiment deteriorated over the past week

Denison Announces Intersection of Additional High-Grade Uranium Mineralization at Waterfound

Denison Announces Expansion of High-Grade Uranium Mineralization At Mcclean Lake South

Investor sentiment improved over the past week

Denison Receives Permit for Phoenix ISR Feasibility Field Test

Second quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.003 loss in 2Q 2021)

Denison Achieves Key Milestone with Completion of Metallurgical Test Work to Define Phoenix Process Plant Components and Confirmation of Ability to Produce Yellowcake

Denison Mines Corp. (TSX:DML) made an offer to acquire UEX Corporation (TSX:UEX).

Denison Mines Corp. (TSX:DML) made an offer to acquire UEX Corporation (TSX:UEX).

Investor sentiment improved over the past week

Denison Mines Corp. Receives Approval from the Province of Saskatchewan to Prepare, Construct, and Operate the Facilities Required to Carry Out the In-Situ Recovery Feasibility Field Test Planned for the Phoenix Deposit

Denison Mines Corp. Receives Approval to Construct and Operate Phoenix Feasibility Field Test Facility from Saskatchewan Minister of Environment

Vice President of Operations recently sold US$141k worth of stock

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to US$4.25

Investor sentiment deteriorated over the past week

Denison Mines Corp. Announces Discovery of High-Grade Uranium Mineralization at 24.68% Owned Waterfound JV

Insider recently sold US$231k worth of stock

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Denison Mines Corp Announces Intersection of 24.9% eU3O8 over 4.2 metres extending beyond high-grade domain at Phoenix Zone A

Denison Mines Corp., Annual General Meeting, May 04, 2022

Denison Mines Corp. Announces the Appointment of Ms. Laurie Sterritt to the Board of Directors

Vice President of Operations recently sold US$215k worth of stock

President recently sold US$1.3m worth of stock

Third quarter 2021 earnings released: EPS CA$0.041 (vs CA$0.009 loss in 3Q 2020)

Denison Mines Corp. Announces Decision to Advance Wheeler River to Feasibility Study Stage

President recently sold US$923k worth of stock

Second quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.002 loss in 2Q 2020)

Denison Mines Corp. (TSX:DML) completed the acquisition of 50% stake in JCU (Canada) Exploration Company, Limited from UEX Corporation (TSX:UEX).

VP & Controller recently sold US$122k worth of stock

VP & Controller recently sold US$71k worth of stock

VP & Controller recently sold US$131k worth of stock

VP & Controller recently sold US$177k worth of stock

Director has left the company

Independent Chairman of the Board Catherine Jean Stefan has left the company

First quarter 2021 earnings released: CA$0.012 loss per share (vs CA$0.011 loss in 1Q 2020)

Denison Mines Corp. (TSX:DML) delivered a binding offer to acquire JCU (Canada) Exploration Company, Limited from Overseas Uranium Resources Development Co., Ltd. for CAD40.5 million.