13 Canadian mining CEOs ranked among Canada’s highest paid CEOs of the 100 largest public companies in a Globe and Mail survey published Sunday.
RENO (MINEWEB) – Yamana Gold CEO Peter Marrone is Canadian’s highest paid mining CEO, ranking 15th in The Globe and Mail’s annual ranking of top paid CEOs from the 100 largest public companies.
However, Marrone’s total compensation dropped 11% to $10,708,817 as of the end of last year. The total value of the CEOs’ equity in Yamana was $27.61 million.
The only female mining CEO on the list, Turquoise Hill Resources’ Kay Priestly, was also the lowest paid, ranking 97th on the list at total compensation of $1,033,317. Priestly holds $511,384 in equity value in the parent company of the lucrative Oyu Tolgoi operation in Mongolia.
While 87th ranked-David Harquail of Franco Nevada was the second-lowest paid mining CEO on the list at total compensation of $2,709,412, up 7%; he ranked third in total equity held in Franco-Nevada, an astounding $68.2 million.
PotashCorp’s Bill Doyle ranked 47th among Canadian CEOs in total compensation of $6,565,611 (down 40%), but placed second among his fellow mining CEOs in terms of equity, holding equity of $104.78 million.
Doyle’s accrued CEO pension obligation is a substantial $22.2 million, second only to that of Eldorado Gold CEO Paul N. Wright.
Canadian mining’s No. 1 equity champ was 73rd ranked CEO Phillip Pascall of First Quantum Minerals, holding $110.5 million in equity, while receiving total compensation of $3,551,300, up 41%.
The highest total pension held by a mining CEO belongs to 52nd ranked Eldorado Gold CEO Paul Wright with an accrued CEO pension obligation of $23,209,906. However, Wright’s total compensation as CEO was $5,577,377 at the end of last year, a 70% free-fall from 2012.
Goldcorp CEO Chuck Jeannes, ranked 17th in the Globe and Mail CEO survey, earning a total compensation of $10,200,413, up 9%. However, the Global and Mail reported zero equity and no pension obligation for Jeannes in its report.
Barrick CEO Jamie Sokalsky, ranked 34th among Canadian CEOs in the survey, saw his total compensation plunge 30% to $7,972,705 with equity valued at $3,233,468.
Teck Resources CEO Don Lindsay ranked 20th among Canadian CEOs in the survey, earning total compensation of $9,889,974 with equity valued at $15.64 million.
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