The highest incomes mining government was Mark Rosenthal, the COO and former chairman and CEO of MP Supplies at C$29 million, which was 16.8% greater than the highest paid government a 12 months earlier.
Barrick Gold’s Mark Bristow got here in third at C$22.9 million, behind Cleveland-Cliffs’ Laurenco Goncalves (C$23.4 million) and forward of Freeport McMoRan’s Richard Adkerson (C$21.1 million) and Rio Tinto’s Jean-Sebastien Jacques (C$16.8 million).
Chief working officers have been additionally nicely compensated. P. Harvey of South32 obtained a complete of C$15.6 million, adopted by Barrick’s Catherine P. Uncooked (C$7.2 million). The following highest-earning COOs have been Robert Atkinson at Newmont (C$6.7 million), Clifford Smith at Cleveland-Cliffs (C$5.5 million) and Tracy L. Porter at Industrial Metals Firm (C$5.4 million).
Uncooked was not the best paid feminine government. That honour went to Karla R. Lewis at Reliance Metal & Aluminium who earned C$13.2 million. That was greater than double the best compensation for a girl (C$6.4 million) within the 2020 report.
The checklist of well-compensated chief monetary officers is lead by Nucor’s James D. Frias (C$10.4 million) after which Barrick’s Graham Shuttleworth (C$9.2 million), Anglo American’s Stephen Pearce (C$8.2 million), and Freeport McMoRan’s Kathleen L. Quirk (C$8.2 million). The highest 5 on this class additionally included MP Supplies’ Ryan Corbet (C$7.5 million).
Vice-presidents of company growth additionally play an important position for his or her employers. The highest 5 have been all from Canadian miners, starting with Geoffrey P. Gold at Kinross Gold who obtained C$4.5 million. The checklist continues with Agnico Eagle Mines’ Jean Robitaille (C$3 million), Wheaton Treasured Metals’ Haytham H. Hodaly (C$2.5 million), Yamana Gold’s Gerardo Fernandez (C$2.2 million), and in fifth place, Hudbay Minerals’ Eugene Lei.
The report discovered that compensation for board members different extensively throughout the businesses they lined. Sometimes, it features a base retainer, committee and/or assembly charges, and fairness compensation (shares and choices).
One of the best-paid board member was Anne Giardini at K92 Mining, who obtained C$2.2 million. Galiano Gold paid Paul Wright C$2 million; Antofagasta paid Jean Paul Luksic C$1.3 million; Marimaca Copper paid Michael Haworth C$1.2 million; and Stuart Chambers at Anglo American obtained C$1.2 million.
That is Bedford’s 12th annual report overlaying remuneration within the mining trade, offering insights and evaluation, with explicit emphasis on Canadian corporations. It may be downloaded here.
(This text first appeared in The Northern Miner)