Directors Without Stock

Directors Without Stock

Equinox Partners votes against directors who have served for two+ years but have held less than two years of compensation in the company’s stock. The firm believes financially-aligned directors are more likely to prioritize returns on and of owners’ capital.

Below is a list of directors from gold mining companies who fail our policy

Read our Letter

Adrian Reynolds

Resolute Mining

Brian Skanderbeg

Wesdome gold mines ltd

Dale Peniuk

Mag Silver Corp

David Southam

Ramelius Resources

Denise McComish

Gold Road Resources Ltd

Diane Garrett

Novagold resources corp

Thome Edie

Wesdome gold mines ltd

Elaine Dorward-King

Novagold resources corp

Ethan Schutt

Novagold resources corp

Gordon Pridham

Americas Gold and Silver Corp

Jennifer Maki

Pan American Silver Corp

Judith Mosely

Eldorado Gold Corp

Kathleen Sendall

Pan American Silver Corp

Kerry Gleeson

St. Barbara

Libby Mounsey

West African Resources Ltd

Lorie Waisberg

Americas Gold and Silver Corp

Maree Arnason

Gold Road Resources Ltd

Matt Badylak

Galiano

Natalia Streltsova

Ramelius Resources

Rex McLennan

Endeavour Silver

Robert Vassie

Aurelia Metals

Ron Little

Gold Resource Corp

Susan Mathieu

Mag Silver Corp

Teresa Conway

Eldorado Gold Corp

Tim Baker

Mag Silver Corp

Equinox Partners Investment Management, LLC | Information as of 04.30.25 unless noted | SEC registration does not imply a certain level of skill or training

Share prices are updated as of May 29, 2025. Annual compensation as well as number of shares owned are provided by Bloomberg.

Contact: Kieran Brennan Head of Business Development & Investor Relations [email protected]

NOTE:

If a given Director would like to be removed from our list due to the purchase of their company's stock, we would be happy to remove them in the next iteration.

Similarly, if a Director believes the publicly available data as presented could be amended or clarified, they should contact us immediately.

DISCLAIMER:

The information contained on this website is being provided by Equinox Partners for informational purposes only and is not a solicitation of proxies for any purpose. Nothing contained herein is intended to be or should be considered investment advice or a recommendation by Equinox Partners to buy or sell any security including, without limitation, any security issued by a company named herein.

Equinox Partners and certain related persons and other entities holds a financial interest in certain companies identified above as an equity investor.

METHODOLOGY:

Metrics for each company have been taken from respective company’s most recent proxy statement through May 2025. Pricing as of 5.30.25.

Values may be rounded. All values are in USD.

Compensation ratio is calculated using the aforementioned data and is defined by the total value of shares divided by annual compensation.

List only includes those directors appointed before 2023 and who fail the specified policy. Best efforts were made to include all public filings into the analysis.

© 2025 Equinox Partners Investment Management, LLC

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