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Key Insights

• Almadex Minerals to hold its Annual General Meeting on 26th of June

• Salary of CA$288.9k is part of CEO Morgan Poliquin's total remuneration

• The total compensation is 116% higher than the average for the industry

• Over the past three years, Almadex Minerals' EPS fell by 14% and over the past three years, the total loss to shareholders 15%

The results at Almadex Minerals Ltd. (CVE:DEX) have been quite disappointing recently and CEO Morgan Poliquin bears some responsibility for this. At the upcoming AGM on 26th of June, shareholders can hear from the board including their plans for turning around performance. This will be also be a chance where they can challenge the board on company direction and vote on resolutions such as executive remuneration. The data we present below explains why we think CEO compensation is not consistent with recent performance.

Check out our latest analysis for Almadex Minerals

How Does Total Compensation For Morgan Poliquin Compare With Other Companies In The Industry?

According to our data, Almadex Minerals Ltd. has a market capitalization of CA$13m, and paid its CEO total annual compensation worth CA$414k over the year to December 2023. Notably, that's an increase of 37% over the year before. In particular, the salary of CA$288.9k, makes up a huge portion of the total compensation being paid to the CEO.

In comparison with other companies in the Canadian Metals and Mining industry with market capitalizations under CA$274m, the reported median total CEO compensation was CA$191k. Accordingly, our analysis reveals that Almadex Minerals Ltd. pays Morgan Poliquin north of the industry median. What's more, Morgan Poliquin holds CA$440k worth of shares in the company in their own name.

Speaking on an industry level, nearly 94% of total compensation represents salary, while the remainder of 6% is other remuneration. It's interesting to note that Almadex Minerals allocates a smaller portion of compensation to salary in comparison to the broader industry. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

A Look at Almadex Minerals Ltd.'s Growth Numbers

Over the last three years, Almadex Minerals Ltd. has shrunk its earnings per share by 14% per year. Its revenue is down 88% over the previous year.

Overall this is not a very positive result for shareholders. This is compounded by the fact revenue is actually down on last year. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.