Cartier Silver Management

Management criteria checks 2/4

Cartier Silver's CEO is Tom Larsen, appointed in Sep 2014, has a tenure of 9.67 years. total yearly compensation is CA$696.80K, comprised of 17.2% salary and 82.8% bonuses, including company stock and options. directly owns 1.59% of the company’s shares, worth CA$275.70K. The average tenure of the management team and the board of directors is 18.5 years and 8.9 years respectively.

Key information

Tom Larsen

Chief executive officer

CA$696.8k

Total compensation

CEO salary percentage	17.2%
CEO tenure	9.7yrs
CEO ownership	1.6%
Management average tenure	18.5yrs
Board average tenure	8.9yrs

Recent management updates

Recent updates

We're Not Very Worried About Cartier Silver's (CSE:CFE) Cash Burn Rate

Jul 12

CEO Compensation Analysis

How has Tom Larsen's remuneration changed compared to Cartier Silver's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$7m
Sep 30 2023	n/a	n/a	-CA$9m
Jun 30 2023	n/a	n/a	-CA$2m
Mar 31 2023	n/a	n/a	-CA$6m
Dec 31 2022	CA$697k	CA$120k	-CA$5m
Sep 30 2022	n/a	n/a	-CA$5m
Jun 30 2022	n/a	n/a	-CA$8m
Mar 31 2022	n/a	n/a	-CA$1m
Dec 31 2021	CA$267k	CA$120k	CA$4m
Sep 30 2021	n/a	n/a	CA$6m
Jun 30 2021	n/a	n/a	CA$8m
Mar 31 2021	n/a	n/a	CA$6m
Dec 31 2020	CA$139k	CA$139k	-CA$441k
Sep 30 2020	n/a	n/a	-CA$467k
Jun 30 2020	n/a	n/a	-CA$466k
Mar 31 2020	n/a	n/a	-CA$627k
Dec 31 2019	CA$120k	CA$120k	-CA$627k
Sep 30 2019	n/a	n/a	-CA$1m
Jun 30 2019	n/a	n/a	-CA$1m
Mar 31 2019	n/a	n/a	-CA$628k
Dec 31 2018	CA$129k	CA$129k	-CA$645k
Sep 30 2018	n/a	n/a	-CA$257k
Jun 30 2018	n/a	n/a	-CA$280k
Mar 31 2018	n/a	n/a	-CA$915k
Dec 31 2017	CA$137k	CA$137k	-CA$815k

Compensation vs Market: Tom's total compensation ($USD509.36K) is above average for companies of similar size in the Canadian market ($USD175.44K).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.

CEO

Tom Larsen (68 yo)

9.7yrs

Tenure

CA$696,802

Compensation

Mr. Thomas G. Larsen, also known as Tom, B.A., has been Chief Executive Officer of Cartier Silver Corporation (formerly known as Cartier Iron Corporation) since September 24, 2014. Mr. Larsen has been the...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thomas Larsen	CEO & Director	9.7yrs	CA$696.80k	1.59% CA$ 275.7k
Miles Nagamatsu	Chief Financial Officer	27.3yrs	CA$252.13k	1.72% CA$ 298.3k
Jorge Estepa	VP & Corporate Secretary	27.3yrs	CA$262.13k	1.6% CA$ 278.6k
Jimena Moran	Vice President of Marketing & Logistics and Executive Assistant	no data	no data	no data
William Pearson	Chief Technical Advisor	no data	no data	no data
Osvaldo Burgoa	Chief Geologist & GM	less than a year	no data	no data

18.5yrs

Average Tenure

Experienced Management: CFE's management team is seasoned and experienced (18.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Larsen	CEO & Director	9.7yrs	CA$696.80k	1.59% CA$ 275.7k
Francis Sauve	Independent Director	9.9yrs	CA$42.60k	0.71% CA$ 123.9k
Donald Sheldon	Director	2.9yrs	CA$92.37k	0.51% CA$ 88.0k
Harry Burgess	Independent Director	8.9yrs	CA$42.60k	0.084% CA$ 14.6k
Alexander Horvath	Director	6.7yrs	CA$53.60k	0.064% CA$ 11.1k

8.9yrs

Average Tenure

68yo

Average Age

Experienced Board: CFE's board of directors are considered experienced (8.9 years average tenure).

Cartier Silver Management

Management criteria checks 2/4

Key information

Recent management updates

Cartier Silver Corporation, Annual General Meeting, Jun 28, 2024

Cartier Silver Corporation, Annual General Meeting, Jun 30, 2023

Less than half of directors are independent

Cartier Iron Corporation, Annual General Meeting, Oct 21, 2022

CEO & Director recently sold CA$62k worth of stock

Less than half of directors are independent

Recent updates

Cartier Silver Corporation, Annual General Meeting, Jun 28, 2024

Cartier Silver Corporation announced that it has received CAD 1.8 million in funding

New minor risk - Share price stability

Cartier Silver Corporation announced that it expects to receive CAD 2 million in funding

Cartier Silver Corporation High-Grade Silver, Lead and Zinc Values from Systematic Channel Sampling of the Underground Artisanal Workings At Its Gonalbert Property, Southern Bolivia

Cartier Silver Corporation Reports First Results from Diamond Drilling to Test Geological and Geophysical Targets

New major risk - Financial position

We're Not Very Worried About Cartier Silver's (CSE:CFE) Cash Burn Rate

Cartier Silver Announces Commencement of Diamond Drilling on the Gonalbert Property, Potosi Department, Southern Bolivia

Cartier Silver Corporation, Annual General Meeting, Jun 30, 2023

New major risk - Revenue and earnings growth

Cartier Silver Corporation Outlines an 800m by 500m Epithermal Silver Polymetallic Target on Gonalbert Property, Potosi Department, Southern Bolivia

Cartier Silver Corporation announced that it has received CAD 4 million in funding

Cartier Silver Corporation announced that it expects to receive CAD 3 million in funding

Less than half of directors are independent

Cartier Iron Corporation, Annual General Meeting, Oct 21, 2022

CEO & Director recently sold CA$62k worth of stock

Cartier Iron Corporation Provides Update on Exploration for Low Sulphidation Gold-Silver Epithermal Mineralization At Big Easy, Newfoundland

Cartier Iron Reports on Diamond Drill Program on the Low Sulphidation Gold-Silver Epithermal System At Big Easy, Newfoundland

Less than half of directors are independent

Cartier Iron Corporation Recommences Drilling and Provides Update on Exploration Program on the Low Sulphidation Gold-Silver Epithermal System at Big Easy, Newfoundland

Cartier Iron Provide an Update on Its Diamond Drilling Program At Big Easy Property Located Near Clarenville in Eastern Newfoundland

Cartier Iron Corporation Announces the Results of Its Controlled Source Audio Magneto-Telluric (“CSAMT”) in the Central Anomaly

Cartier Iron Corporation Announces Commencement of 10,000 Metre Diamond Drilling Program at Big Easy Low Sulphidation Gold-Silver Project, Newfoundland

Independent Director Michel Gagnon has left the company

Cartier Iron Corporation announced that it expects to receive CAD 4.000008 million in funding

Cartier Iron Corporation Announces Results of Its Winter 2021 Diamond Drilling and Induced Polarization/Resistivity Program on Its Big Easy Gold Project in Eastern Newfoundland

Cartier Iron Commences Diamond Drilling to Test Geophysical Targets for Low Sulphidation Epithermal Gold-Silver Mineralization Along Major Structures At the Big Easy Gold Project, Newfoundland

Cartier Iron Corporation announced that it expects to receive CAD 0.35 million in funding

Cartier Iron Corporation Reports Results of Geophysical Surveys Completed During October, 2020, at its Big Easy Gold Project Located on the Burin Peninsula in Eastern Newfoundland

Cartier Iron Corporation, Annual General Meeting, Dec 30, 2020

Cartier Iron Corporation announced that it has received CAD 1.295 million in funding from Palisades Goldcorp Ltd.

Cartier Iron Corporation announced that it expects to receive CAD 0.875 million in funding from Palisades Goldcorp Ltd. and other investors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age