Announcement • Mar 20
Sociedad Minera Corona, SA, Annual General Meeting, Mar 30, 2026 Sociedad Minera Corona, SA, Annual General Meeting, Mar 30, 2026, at 15:00 SA Pacific Standard Time. Location: 429 jr contralmirante montero, 11th floor magdalena del mar district, lima province and department, lima Peru Board Change • Mar 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Chairman of the Board Ernesto Valdez was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Feb 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio).