Jack Caldwell - Mining Engineer - Robertson GeoConsultants

The following are data from the CostMine 2014 Survey of U.S. Metal and Industrial Mine Salaries, Wages and Benefit.

The top total compensation for some lucky U.S. major mining company chairman is $55 million. Conversely some lowly major mining company chairman earned received a mere $3 million. The average chairman came up happy at $18 million.

Comparable numbers for the COO are $5 million at the top, $1 million at the bottom, and an average of $3 million.

Fun to note that the top CEO for a major got $10 million, the top President got $10 million, the top Vice-President got $6 million, and the top CFO got $6 million.

Turning to the bottom of the ladder, namely the Junior Mining Companies in the U.S. Here are top/bottom/average total compensation numbers (in millions of dollars) for some job title:

  • Chairman = 1.5/1.4/1.5
  • CEO = 3.5/0.3/2.0
  • President = 3.6/1.0/2.3
  • Vice President = 2.7/0.03/0.9
  • CFO = 2.7/0.3/1.2
  • COO = 1.6/1.0/1.4

Point is that you can do well at the top of a surviving Junior Mining Company in the U.S.