Calibre Mining Management

Management criteria checks 4/4

Calibre Mining's CEO is Darren Hall, appointed in Feb 2021, has a tenure of 3.17 years. total yearly compensation is $1.61M, comprised of 19% salary and 81% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth CA$4.96M. The average tenure of the management team and the board of directors is 3.6 years and 5.4 years respectively.

Key information

Darren Hall

Chief executive officer

US$1.6m

Total compensation

CEO salary percentage	19.0%
CEO tenure	3.2yrs
CEO ownership	0.3%
Management average tenure	3.6yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

Calibre Mining (TSE:CXB) Seems To Use Debt Quite Sensibly

Mar 26

Earnings Miss: Calibre Mining Corp. Missed EPS By 12% And Analysts Are Revising Their Forecasts

Feb 24

There's No Escaping Calibre Mining Corp.'s (TSE:CXB) Muted Earnings Despite A 26% Share Price Rise

Feb 18

CEO Compensation Analysis

How has Darren Hall's remuneration changed compared to Calibre Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$85m
Sep 30 2023	n/a	n/a	US$88m
Jun 30 2023	n/a	n/a	US$66m
Mar 31 2023	n/a	n/a	US$48m
Dec 31 2022	US$2m	US$304k	US$43m
Sep 30 2022	n/a	n/a	US$43m
Jun 30 2022	n/a	n/a	US$57m
Mar 31 2022	n/a	n/a	US$53m
Dec 31 2021	US$2m	US$301k	US$58m
Sep 30 2021	n/a	n/a	US$67m
Jun 30 2021	n/a	n/a	US$85m
Mar 31 2021	n/a	n/a	US$67m
Dec 31 2020	US$989k	US$220k	US$63m
Sep 30 2020	n/a	n/a	US$43m
Jun 30 2020	n/a	n/a	US$9m
Mar 31 2020	n/a	n/a	US$14m
Dec 31 2019	US$862k	US$92k	US$920k

Compensation vs Market: Darren's total compensation ($USD1.61M) is about average for companies of similar size in the Canadian market ($USD1.77M).

Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.

CEO

Darren Hall (56 yo)

3.2yrs

Tenure

US$1,605,211

Compensation

Mr. Darren Hall serves as President, Chief Executive Officer and Director at Calibre Mining Corporation since February 26, 2021 and served as Senior Vice President and Chief Operating Officer since October...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Darren Hall	President	3.2yrs	US$1.61m	0.33% $ 5.0m
David Splett	Senior VP & CFO	2.4yrs	US$858.80k	0.028% $ 416.7k
Ryan King	Senior Vice President of Corporate Development & Investor Relations	5.3yrs	US$875.23k	0.089% $ 1.3m
Thomas Gallo	Senior Vice President of Strategy & Growth	2.5yrs	US$785.65k	0.031% $ 470.9k
Petri Salopera	Senior Vice President of Sustainability	2.8yrs	US$734.25k	0.030% $ 442.6k
Dustin VanDoorselaere	Vice President of Operations	4.1yrs	no data	no data
William Patterson	Vice President of Technical Services	4.6yrs	US$691.06k	no data
Jason Gregg	Senior Vice President of Human Capital	4.4yrs	US$636.80k	0.057% $ 854.9k
Mark Petersen	Vice President of Exploration	4.3yrs	no data	no data
David Hendriks	Senior VP of Nicaraguan Operations	1.3yrs	no data	0.012% $ 184.2k
Gilbert John Lawson	Chief Operating Officer of Canadian Operations	less than a year	no data	no data
Kristian Dagsaan	Company Secretary	8.7yrs	US$257.21k	0.017% $ 247.4k

3.6yrs

Average Tenure

44yo

Average Age

Experienced Management: CXB's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Darren Hall	President	3.2yrs	US$1.61m	0.33% $ 5.0m
Douglas Forster	Independent Lead Director	20.3yrs	US$224.99k	0.40% $ 6.0m
Douglas Hurst	Independent Director	7.6yrs	US$150.00k	0.11% $ 1.7m
Raymond Threlkeld	Independent Director	5.4yrs	US$155.54k	0.039% $ 585.8k
Blayne Johnson	Independent Chairman of the Board	18.9yrs	US$243.46k	0.56% $ 8.3m
Edward Farrauto	Independent Director	18.9yrs	US$164.77k	0.16% $ 2.4m
John Reynolds	Member of Strategic Advisory Board	5.4yrs	US$47.50k	no data
Michael Vint	Independent Director	2.8yrs	US$150.00k	0.026% $ 390.8k
Audra Walsh	Independent Director	4.5yrs	US$155.54k	0.063% $ 941.7k
Randall Chatwin	Independent Director	4.3yrs	no data	no data
Leslie Coe	Member of Strategic Advisory Board	4.5yrs	no data	no data
Steve Jensen	Member of Strategic Advisory Board	no data	no data	no data

5.4yrs

Average Tenure

64.5yo

Average Age

Experienced Board: CXB's board of directors are considered experienced (5.4 years average tenure).

Calibre Mining Management

Management criteria checks 4/4

Key information

Recent management updates

Calibre Mining Corp., Annual General Meeting, Jun 12, 2024

Calibre Mining Corp. Announces Stepped Down of Matthew Manson as Director

Company Secretary exercised options and sold CA$116k worth of stock

President recently bought CA$65k worth of stock

President recently bought CA$94k worth of stock

Independent Director recently sold CA$370k worth of stock

Recent updates

Price target increased by 10.0% to CA$2.62

Calibre Mining Corp. has completed a Follow-on Equity Offering in the amount of CAD 100.128 million.

Calibre Mining Corp. Announce Drill Results from its 2023 Resource Conversion and Expansion Program at its Eastern Borosi Mine Complex

Calibre Mining Corp. to Report Q1, 2024 Results on May 14, 2024

Investor sentiment improves as stock rises 19%

Calibre Mining Corp. Announces 2024 Exploration Program and Review of the Exploration Potential At the Valentine Gold Mine

Calibre Mining Corp., Annual General Meeting, Jun 12, 2024

Calibre Mining (TSE:CXB) Seems To Use Debt Quite Sensibly

Calibre Mining Corp. has filed a Follow-on Equity Offering in the amount of CAD 100.128 million.

Calibre Mining Corp. has filed a Follow-on Equity Offering in the amount of CAD 100.128 million.

Calibre Mining Corp. Announces Stepped Down of Matthew Manson as Director

Investor sentiment improves as stock rises 17%

Calibre Mining Corp. Announces Drill Results from Its 2023 Exploration and Infill Drill Program At the Volcan Gold Deposit

Company Secretary exercised options and sold CA$116k worth of stock

Price target decreased by 7.5% to CA$2.28

Earnings Miss: Calibre Mining Corp. Missed EPS By 12% And Analysts Are Revising Their Forecasts

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

There's No Escaping Calibre Mining Corp.'s (TSE:CXB) Muted Earnings Despite A 26% Share Price Rise

Calibre's Ore Control Drilling Intersects High-Grade Gold Outside of Reported Mineral Reserves Adding Additional Tonnes At the Valentine Gold Mine, Canada

Calibre Mining Corp. Reports Positive Drill Results One Kilometre Southwest of Valentine Gold Mine Resources

Calibre Mining Corp. Continues to Intercept Bonanza Grade Drill Results Along the Multi-Kilometre Panteon Vtem Gold Corridor At the Limon Mine Complex

Price target increased by 10.0% to CA$2.43

New major risk - Shareholder dilution

Calibre Mining Corp. (TSX:CXB) completed the acquisition of remaining 85.8% stake in Marathon Gold Corporation (TSX:MOZ).

Calibre Mining Corp. to Report Q4, 2023 Results on Feb 20, 2024

Calibre Mining Corp. Provides Consolidated Production and Sales Guidance for the Year 2024

Calibre Mining (TSE:CXB) Seems To Use Debt Quite Sensibly

President recently bought CA$65k worth of stock

New major risk - Revenue and earnings growth

Calibre Mining Corp. (TSX:CXB) entered into a definitive arrangement agreement to acquire Marathon Gold Corporation (TSX:MOZ) for approximately CAD 340 million.

Investor sentiment deteriorates as stock falls 21%

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Calibre Mining Corp. Provides Consolidated Production Guidance for the Full Year 2023

Calibre Intercepts High-Grade Gold Below the Jabali Mine and Resource and Identifies Three Additional Gold Targets All Within 10 Km of the Libertad Mill

New minor risk - Shareholder dilution

Investor sentiment improves as stock rises 20%

President recently bought CA$94k worth of stock

Calibre Mining Corp. Delineates Another New Open Pit Gold Deposit Located 5 Km from the Libertad Mill

Calibre Mining Corp. Announces Results from Its Resource Expansion and Infill Drilling Program At the High-Grade Atravesada Underground Deposit Located Within the Limon Mine Complex

Independent Director recently sold CA$370k worth of stock

Calibre Mining Corp. to Report Q3, 2023 Results on Nov 07, 2023

Here's Why Calibre Mining (TSE:CXB) Can Manage Its Debt Responsibly

Company Secretary exercised options and sold CA$98k worth of stock

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Calibre Mining Corp. Reports Additional Near Surface, Resource Expansion, Drill Results At Its Pan Gold Mine in Nevada

Calibre Mining Corp.'S 2023 Exploration Drill Program Along the Panteon Vtem Corridor Yields Multiple New Exciting High-Grade Discoveries in Untapped Regions; Additional Drilling Intersects 15.64 G/T Gold over 2.5 Metres and 31.30 G/T Gold over 1.4 Metres

Investor sentiment improves as stock rises 18%

Calibre Mining Corp. Provides Production Guidance for the Full Year 2023

Consensus EPS estimates fall by 16%

Calibre Mining Corp. Reports Positive Higher-Grade Near Surface Drilling at its Pan Gold Mine, Nevada

Calibre Mining Corp. to Report Q2, 2023 Results on Aug 09, 2023

Calibre Mining Corp. Commences Ore Deliveries from Eastern Borosi Open Pit Mine to Libertad Mill

Calibre Reports High-Grade Drill Results from its Talavera Deposit Within the Limon Mine Complex; Initial Results Include 15.46 g/t Gold over 6.7 Metres and 10.58 g/t Gold over 7.9 Metres

Company Secretary exercised options and sold CA$68k worth of stock

Calibre Mining Corp. Announces Initial High-Grade Drill Results At Its Eastern Borosi Mine Complex

First quarter 2023 earnings released: EPS: US$0.036 (vs US$0.026 in 1Q 2022)

Price target increased by 7.9% to CA$2.27

Consensus EPS estimates increase by 53%

Consensus EPS estimates increase by 41%

Here's Why Calibre Mining (TSE:CXB) Has A Meaningful Debt Burden

Investor sentiment improves as stock rises 15%

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Calibre Mining Corp. Announces Results of its Updated Mineral Resources and Mineral Reserves for its Nicaragua and Nevada Properties as of December 31, 2022

Calibre Mining Corp. Outlines 2023 Multi-Rig Gold Discovery and Resource Expansion Drill Programs in Nevada and Nicaragua

Calibre Mining Corp. Reports Robust Drill Results at its 100% Owned Golden Eagle Project, USA; Initial Results Include 4.30 g/t Gold Over 92.4 Metres and 2.90 g/t Gold Over 195.1 Metres

Calibre Mining Corp. Reports New Gold Discovery at the Pan Gold Mine in Nevada

Investor sentiment improved over the past week

Calibre Mining Corp. Provides 2023 Consolidated Gold Production Guidance

Calibre Mining Corp. to Report Q4, 2022 Results on Feb 22, 2023