Mining
10 companies · FY2023
Reading the Mining CEO Pay Landscape (SIC 10, FY2023)
The Mining industry, classified under 2-digit SIC code 10, had 10 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2023. Across that set of firms, the median CEO-to-worker pay ratio was 33:1 and the average was 83:1. Median CEO total compensation in the sector was $3.3M, with the sector-wide average at $7.5M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.
Pay dispersion inside this industry is substantial. The 25th percentile CEO in Mining earned $1.0M, while the 75th percentile CEO earned $9.8M — a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. The gap between the 83:1 average and the 33:1 median is wide, which almost always signals that a small number of very-high-pay CEOs are pulling the mean upward; the median is the fairer yardstick for "a typical company in this sector."
Below you can scan each of the 12 Mining companies PlainCEOPay currently tracks in this SIC group, with headline pay, CEO name, median worker pay, and individual pay ratios. Click through to any company page to see the full compensation breakdown — base salary, stock awards, option awards, non-equity incentive pay, pension value changes, and other compensation — plus how that firm specifically compares to this industry benchmark. All data is pulled directly from SEC EDGAR filings and reflects what companies themselves disclosed to shareholders; it is not estimated, imputed, or projected.
Companies in Mining (12)
| Company | CEO | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| FREEPORT-MCMORAN INCSEC EDGAR DEF 14A — CIK 831259 | — | $24.0M | $94K | 256:1 | 2023 |
| NEWMONT Corp /DE/SEC EDGAR DEF 14A — CIK 1164727 | — | $11.7M | $55K | 212:1 | 2023 |
| CLEVELAND-CLIFFS INC.SEC EDGAR DEF 14A — CIK 764065 | — | $26.2M | $127K | 207:1 | 2023 |
| GOLD RESOURCE CORPSEC EDGAR DEF 14A — CIK 1160791 | — | $1.6M | $19K | 85:1 | 2021 |
| Coeur Mining, Inc.SEC EDGAR DEF 14A — CIK 215466 | — | $4.1M | $62K | 66:1 | 2023 |
| URANIUM ENERGY CORPSEC EDGAR DEF 14A — CIK 1334933 | — | $3.7M | $81K | 46:1 | 2023 |
| SOUTHERN COPPER CORP/SEC EDGAR DEF 14A — CIK 1001838 | — | $1.0M | $53K | 19:1 | 2023 |
| UR-ENERGY INCSEC EDGAR DEF 14A — CIK 1375205 | — | $1.1M | $75K | 15:1 | 2023 |
| NOVAGOLD RESOURCES INCSEC EDGAR DEF 14A — CIK 1173420 | — | $2.9M | $487K | 6:1 | 2023 |
| Texas Mineral Resources Corp.SEC EDGAR DEF 14A — CIK 1445942 | — | $120K | $60K | 2:1 | 2023 |
| Idaho Strategic Resources, Inc.SEC EDGAR DEF 14A — CIK 1030192 | — | $100K | $100K | 1:1 | 2023 |
| SOLITARIO RESOURCES CORP.SEC EDGAR DEF 14A — CIK 917225 | — | $147K | $147K | 1:1 | 2021 |
Frequently Asked Questions
What's the typical pay ratio in Mining? ▼
How much do Mining CEOs earn? ▼
How many companies report CEO pay in Mining? ▼
Where does this Mining pay data come from? ▼
Why is the average pay ratio much higher than the median in Mining? ▼
Read our methodology — how this data is sourced, computed, and verified.