According to Costmine‘s annual labour survey, the highest salary for a mining a CEO is an incredible ~$35 million USD in 2021. Each year, Costmine surveys over 200 publicly-listed Canadian and US mining companies and broke down the size of company by market capitalization.
The survey covers companies with a market capitalization from $25 million to $100 million, $100 million to $500 million, $500 million to $1 billion, and finally $1 billion plus companies.
The $35-million dollar salary is an outlier in the industry as the average salary for CEO’s is around $7.8 million for issuers with a market cap above $1 billion, with even one CEO accepting $1. Next on the pecking order, is the vice president with a maximum total compensation $5.6 million and a minimum of $242,000.
Costmine has been surveying US mining companies for their wage and benefits since 1983. The report includes:
- Managerial salary summaries
- Wage scales by job title for hourly workers
- Executive compensation
- Benefit plan profiles
- Incentive bonus plan descriptions
- Workers compensation & unemployment tax rates
Online Access, 2022 Edition
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