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THE BEDFORD MINING REPORT
2026 Report on Board and Executive Compensation in the Mining Industry
The Bedford Mining Report 2026
BOARD AND EXECUTIVE COMPENSATION
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Now in its 17th edition, Bedford's mining report covers more than 1,300 Named Executive Officers and 1,900 directors, showing what companies of comparable size are paying their leaders.
Key Findings
Comparing the same companies year over year, median total compensation for CEOs and CFOs rose 14%, against 4% for base salary. CFO turnover reached 21.3%, the highest in Bedford's five-year dataset. Equity remains central to mining pay, with 79% of executives receiving some form of equity compensation in fiscal 2025.
What's Inside
- Pay benchmarks at the 25th, 50th and 75th percentiles across seven asset tiers, for CEOs, CFOs, COOs, VPs of Development and Exploration, legal executives, Board members and Board Chairs
- The highest-paid CEOs, CFOs and COOs in the dataset
- A same-company analysis of how pay changed from fiscal 2024 to 2025
- Pay mix, pay-at-risk and equity practices by company size
- Board retainers, committee fees and director equity
- Severance and change in control provisions, share ownership guidelines, Say on Pay, and this year's ISS and Glass Lewis updates
Need more than the benchmarks?
Bedford's compensation team can build a peer group around your company, benchmark roles beyond those in the report, and advise on incentive and equity design. To discuss how your company's pay compares, contact Frank Galati.
Frank Galati, MBA, CPA, Managing Partner
Tel: 416-963-9000 ext. 251
Cell: 416-970-7600
Email: fgalati@bedfordgroup.com