Sundar PichaiSundar Pichai earned $164M in 2023

Dale Andres is the Chief Executive Officer of Gatos Silver, Inc., a company he joined in June 2021. He has a strong background in mining and engineering, holding a Bachelor's Degree in Mining Engineering. Before Gatos Silver, he worked at...

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Dale Andres

CEO of Gatos Silver

Education

Bachelor's Degree in Mining Engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

January 1, 1969 - 56 years ago

CEO of Gatos Silver for

3 years 0 months (Apr 2022 - Present)

Previous Experience

Formerly served as Senior Vice President at Teck Resources Limited

Rivals

Competitors/colleagues of Dale Andres

Holdings

See how much did Dale Andres make over time.

Dale Andres has made significant moves in his holdings with Gatos Silver, Inc. His insider trading reflects strong confidence in the company's future, with his holdings increasing steadily over time. As of September 2023, his holdings were valued at approximately...

Insider Trading

See recent insider trades of Dale Andres.

GATO

$55.50K

GATO at $5.55/share

Feb 23, 2024

Purchase

GATO

93,750 shares

GATO

Jan 15, 2024

Received

GATO

$116.08K

GATO at $4.64/share

Nov 9, 2023

Purchase

GATO

$128.75K

GATO at $5.15/share

Sep 28, 2023

Purchase

GATO

$270.00K

GATO at $5.40/share

Sep 26, 2023

Purchase

GATO

$270.00K

GATO at $5.40/share

Sep 11, 2023

Purchase

GATO

300,729 shares

GATO

Sep 11, 2023

Received

Compensation History

See how much did Dale Andres make over time.

Dale Andres earned a total compensation of approximately $1.5 million in 2022, which included a base salary of about $629,874. For 2023, his salary increased to $650,000, with his total compensation reaching around $4 million due to performance bonuses and additional benefits. He is part of an annual incentive plan that can yield a bonus equal to his entire salary, depending on the company’s performance and his personal achievements. The absence of stock awards in recent years was due to regulatory restrictions, but once these lifted, the expectation for future equity-based compensation became evident, indicating a performance-driven outlook. Overall, his compensation structure aligns with the company’s success, encouraging a strong focus on performance metrics.

Year

2022

Total Compensation

$1.45M

Salary

$629.87K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, emphasizing performance-based incentives.

Bonus

$0.00

Board Justification

Mr. Andres is eligible to participate in an annual incentive plan with a target bonus of 100% of his base salary upon achievement of certain targets determined by the Board.

Other

$824.26K

Board Justification

Includes annual cash bonuses and employer contributions to retirement plans, as well as health benefits totaling $19,691.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted in 2022 due to restrictions; therefore, no stock vested in 2022.

Performance Metrics

Performance metrics include health and safety at the Cerro Los Gatos mine, operational and financial performance, and strategic performance for the Los Gatos Joint Venture.

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