Mining CEO pay ratio
SEC EDGAR DEF 14A benchmarks for SIC 12. Highest in-industry ratio on this page: Core Natural Resources, Inc. at 353:1.
- Median pay ratio
- 64:1
- Average pay ratio
- 100:1
- Median CEO pay
- $9.0M
- Companies tracked
- 6
Data updated August 2026
Answer first
Mining sits at #54 of 63 SIC-2 industries by median CEO-to-worker pay ratio and #23 of 63 by median CEO pay - ratio rank is not dollar rank (6 FY2025 filers, median 64:1 / $9.0M).
Ranked just above: Mining (64:1). Just below: Holding & Investment Offices (59:1). Inside this SIC, Core Natural Resources, Inc. currently leads the in-page company list at 353:1.
- Median ratio
- 64:1
- #54 of 63 SIC-2 industries
- Median CEO pay
- $9.0M
- #23 of 63 by median dollars
- Filers
- 6
- FY2025 SIC 12
Ratio bands inside Mining
Exclusive CEO-to-median-worker bands across 5 complete FY2025 filings in SIC 12. Segments sum to the in-industry set, not the leader bars below.
Mining vs all SIC-2 industries
Mining is #54 of 63 industries by median CEO-to-worker pay ratio (16th percentile). Corpus complete-filing median is 87:1; this industry's median is 64:1.
Filing-year trail · SIC 12
FY2021–2025 cohort medians; changes compare adjacent years and are not inflation-adjusted.
- Latest median ratio
- 64:1
- FY2025
- vs prior FY
- +6.5:1
- from FY2024 57:1
- Median CEO $ YoY
- +23%
- $9.0M latest
- Filer count YoY
- -1
- 6 in FY2025
| FY | Median ratio | Δ ratio | Median CEO pay | Δ pay | Filers |
|---|---|---|---|---|---|
| 2021 | 74:1 | - | $6.3M | - | 6 |
| 2022 | 42:1 | -32:1 | $3.8M | -39% | 7 |
| 2023 | 45:1 | +3:1 | $6.1M | +59% | 7 |
| 2024 | 57:1 | +12:1 | $7.4M | +22% | 7 |
| 2025 | 64:1 | +6.5:1 | $9.0M | +23% | 6 |
Source: PlainCEOPay industry_benchmarks for SIC 12 (Mining), FY2021–2025. Each row is one fiscal-year cohort median, not a company-level panel.
Lower-third median pay ratio
Mining in the lower-ratio third
Mining sits in the bottom third of SIC-2 industries by median CEO-to-worker pay ratio (64:1; #54 of 63). Mining (SIC 12) posts a lower-third median CEO-to-worker pay ratio of 64:1 across 6 FY2025 SEC filers.
Even in the lower-ratio third, the 25th percentile CEO earned $700K while the 75th earned $9.2M. The 100:1 average sits well above the 64:1 median, so a few very-high-pay CEOs are pulling the mean; the median is the fairer yardstick.
8 Mining companies below ; each company page sets its filing against this median.
Companies in Mining (8 )
| # | Company | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| 1 | Core Natural Resources, Inc. SEC EDGAR DEF 14A, CIK 1710366 | $46.4M | $131K | 353:1 | 2025 |
| 2 | Ramaco Resources, Inc. SEC EDGAR DEF 14A, CIK 1687187 | $9.2M | $118K | 78:1 | 2025 |
| 3 | Peabody Energy Corp SEC EDGAR DEF 14A, CIK 1064728 | $9.0M | $129K | 70:1 | 2025 |
| 4 | Warrior Met Coal, Inc. SEC EDGAR DEF 14A, CIK 1691303 | - | - | 57:1 | 2025 |
| 5 | Arch Resources, Inc. Latest filing FY2023 SEC EDGAR DEF 14A, CIK 1037676 | $6.2M | $120K | 52:1 | 2023 |
| 6 | Nacco Industries Inc SEC EDGAR DEF 14A, CIK 789933 | $142K | $142K | 36:1 | 2025 |
| 7 | Coronado Global Resources Inc. Latest filing FY2024 SEC EDGAR DEF 14A, CIK 1770561 | - | - | 18:1 | 2024 |
| 8 | Alpha Metallurgical Resources, Inc. SEC EDGAR DEF 14A, CIK 1704715 | $700K | $100K | 7:1 | 2025 |
Latest filing: 2 of the 8 issuers above have no FY2025 filing on file, so their rows show their newest earlier year (see the FY column). They are ranked here beside FY2025 filers and each carries the marker; the Mining benchmark and the lead figures on this page use FY2025 filers only.
Open Core Natural Resources, Inc. for the in-SIC filing next to this median, or compare every SIC on the Industries directory.
Read our methodology - how this data is sourced, computed, and verified.