Amaroq Minerals Management
Management criteria checks 3/4
Amaroq Minerals' CEO is Eldur Olafsson, appointed in Apr 2017, has a tenure of 7.17 years. total yearly compensation is CA$1.55M, comprised of 46.1% salary and 53.9% bonuses, including company stock and options. directly owns 0.86% of the company’s shares, worth $2.71M. The average tenure of the management team and the board of directors is 2 years and 3.1 years respectively.
Key information
Eldur Olafsson
Chief executive officer
CA$1.6m
Total compensation
| CEO salary percentage | 46.1% |
| CEO tenure | 7.2yrs |
| CEO ownership | 0.9% |
| Management average tenure | 2yrs |
| Board average tenure | 3.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -CA$7m |
| Dec 31 2023 | CA$2m | CA$716k | -CA$834k |
| Sep 30 2023 | n/a | n/a | CA$9m |
| Jun 30 2023 | n/a | n/a | CA$9m |
| Mar 31 2023 | n/a | n/a | -CA$21m |
| Dec 31 2022 | CA$1m | CA$345k | -CA$22m |
| Sep 30 2022 | n/a | n/a | -CA$27m |
| Jun 30 2022 | n/a | n/a | -CA$27m |
| Mar 31 2022 | n/a | n/a | -CA$26m |
| Dec 31 2021 | CA$472k | CA$345k | -CA$25m |
| Sep 30 2021 | n/a | n/a | -CA$19m |
| Jun 30 2021 | n/a | n/a | -CA$17m |
| Mar 31 2021 | n/a | n/a | -CA$15m |
| Dec 31 2020 | CA$406k | CA$347k | -CA$12m |
| Sep 30 2020 | n/a | n/a | -CA$9m |
| Jun 30 2020 | n/a | n/a | -CA$7m |
| Mar 31 2020 | n/a | n/a | -CA$6m |
| Dec 31 2019 | CA$209k | CA$190k | -CA$5m |
| Sep 30 2019 | n/a | n/a | -CA$4m |
| Jun 30 2019 | n/a | n/a | -CA$3m |
| Mar 31 2019 | n/a | n/a | -CA$4m |
| Dec 31 2018 | CA$202k | CA$181k | -CA$4m |
| Sep 30 2018 | n/a | n/a | -CA$4m |
| Jun 30 2018 | n/a | n/a | -CA$6m |
| Mar 31 2018 | n/a | n/a | -CA$5m |
| Dec 31 2017 | CA$198k | CA$133k | -CA$4m |
Compensation vs Market: Eldur's total compensation ($USD1.14M) is below average for companies of similar size in the US market ($USD2.49M).
Compensation vs Earnings: Eldur's compensation has increased whilst the company is unprofitable.
CEO
Eldur Olafsson (38 yo)
7.2yrs
Tenure
CA$1,553,155
Compensation
Mr. Eldur Olafsson serves as Founder at Amaroq Minerals Ltd. (formerly known as AEX Gold Inc.) since April 2017. He is a co-owner at Vatnar S.?R.L. Mr. Olafsson serves as Chief Executive Officer and Presi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 7.2yrs | CA$1.55m | 0.86% CA$ 2.7m | |
| CFO & Director | 3.4yrs | CA$841.21k | 0.12% CA$ 374.7k | |
| Executive Vice President | less than a year | CA$523.44k | 0% CA$ 0 | |
| Vice President of Exploration | no data | CA$291.61k | no data | |
| VP of Corporate Legal & Corporate Secretary | less than a year | no data | no data | |
| Director of Corporate Development | 3.4yrs | CA$79.92k | no data | |
| Underground Mine Chief Engineer | less than a year | no data | no data |
2.0yrs
Average Tenure
51yo
Average Age
Experienced Management: AMRQ.F's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 7.2yrs | CA$1.55m | 0.86% CA$ 2.7m | |
| CFO & Director | 3.2yrs | CA$841.21k | 0.12% CA$ 374.7k | |
| Independent Non-Executive Director | 3.9yrs | CA$86.00k | 2.34% CA$ 7.3m | |
| Independent Non-Executive Chairman | 7.2yrs | CA$181.00k | 0.69% CA$ 2.2m | |
| Independent Non-Executive Director | 2.8yrs | CA$103.00k | no data | |
| Independent Non-Executive Director | 3yrs | CA$86.00k | 4.45% CA$ 14.0m | |
| Senior Independent Director | 2.8yrs | CA$89.67k | no data | |
| Independent Non-Executive Director | 3yrs | CA$86.00k | no data |
3.1yrs
Average Tenure
55.5yo
Average Age
Experienced Board: AMRQ.F's board of directors are considered experienced (3.1 years average tenure).