Eloro Resources Ltd.

TSX:ELO Stock Report

Market Cap: CA$216.6m

Eloro Resources Management

Management criteria checks 2/4

Eloro Resources' CEO is Tom Larsen, appointed in Jan 1997, has a tenure of 29.67 years. total yearly compensation is CA$1.19M, comprised of 20.6% salary and 79.4% bonuses, including company stock and options. directly owns 2.76% of the company’s shares, worth CA$5.97M. The average tenure of the management team and the board of directors is 5.1 years and 9.7 years respectively.

Key information

Tom Larsen

Chief executive officer

CA$1.2m

Total compensation

CEO salary percentage20.60%
CEO tenure29.7yrs
CEO ownership2.8%
Management average tenure5.1yrs
Board average tenure9.7yrs

Recent management updates

Recent updates

Narrative Update • Aug 27

(Deep Dive Series) Eloro Resources, Paying Just C$0.80 per Contained Silver Ounce – The Next Big Asymmetric Bet?

In this deep dive series, we explore Eloro Resources (TSX: ELO | OTCQX: ELRRF), a company that controls the massive Iska Iska silver-tin project in Bolivia. The April 2026 MRE delivered 109.5 Moz indicated silver plus 248.6 Moz inferred for ~358 Moz total, with a higher-grade indicated core at 78 g/t AgEq. Royalty-free, 99% owned, and now the focus of a 40,000-metre expansion program.
New Narrative • Aug 22

Eloro Resources, 350 Million Ounces of Silver for Just $285M Market Cap, The Mathematics Don’t Add Up

Eloro Resources Ltd. (TSX: ELO / OTCQX: ELRRF / FSE: P2QM) Introduction Eloro Resources Ltd.
Analysis Article • Aug 06

Here's Why We're Not Too Worried About Eloro Resources' (TSE:ELO) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Nov 16

Companies Like Eloro Resources (TSE:ELO) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • Sep 30

We Think Eloro Resources (CVE:ELO) Needs To Drive Business Growth Carefully

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • May 10

We Think Eloro Resources (CVE:ELO) Needs To Drive Business Growth Carefully

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Analysis Article • Jan 07

Companies Like Eloro Resources (CVE:ELO) Are In A Position To Invest In Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Sep 23

We're Not Very Worried About Eloro Resources' (CVE:ELO) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, Eloro Resources...

CEO Compensation Analysis

How has Tom Larsen's remuneration changed compared to Eloro Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-CA$9m

Mar 31 2026CA$1mCA$245k

-CA$8m

Dec 31 2025n/an/a

-CA$7m

Sep 30 2025n/an/a

-CA$7m

Jun 30 2025n/an/a

-CA$6m

Mar 31 2025CA$210kCA$210k

-CA$4m

Dec 31 2024n/an/a

-CA$10m

Sep 30 2024n/an/a

-CA$11m

Jun 30 2024n/an/a

-CA$17m

Mar 31 2024CA$210kCA$210k

-CA$17m

Dec 31 2023n/an/a

-CA$11m

Sep 30 2023n/an/a

-CA$11m

Jun 30 2023n/an/a

-CA$6m

Mar 31 2023CA$380kCA$205k

-CA$8m

Dec 31 2022n/an/a

-CA$12m

Sep 30 2022n/an/a

-CA$11m

Jun 30 2022n/an/a

-CA$10m

Mar 31 2022CA$1mCA$144k

-CA$7m

Dec 31 2021n/an/a

-CA$5m

Sep 30 2021n/an/a

-CA$5m

Jun 30 2021n/an/a

-CA$5m

Mar 31 2021CA$979kCA$108k

-CA$5m

Dec 31 2020n/an/a

-CA$2m

Sep 30 2020n/an/a

-CA$2m

Jun 30 2020n/an/a

-CA$2m

Mar 31 2020CA$161kCA$96k

-CA$1m

Compensation vs Market: Tom's total compensation ($USD855.48K) is above average for companies of similar size in the Canadian market ($USD532.28K).

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

CEO

Tom Larsen (71 yo)

29.7yrs
Tenure
CA$1,189,396
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

NamePositionTenureCompensationOwnership
Thomas Larsen
CEO & Chairman29.7yrsCA$1.19m2.76%
CA$ 6.0m
Miles Nagamatsu
Chief Financial Officer29.7yrsCA$474.95k1.67%
CA$ 3.6m
Christopher Holden
Senior VP of Corporate Development5.5yrsCA$386.27k0.57%
CA$ 1.2m
Osvaldo Burgoa
Executive V.P of Exploration & Latin American Operations2yrsCA$329.69k0.084%
CA$ 181.0k
Jorge Estepa
VP, Secretary & Treasurer29.7yrsCA$489.95k1.79%
CA$ 3.9m
Brent Wichenko
Vice President of Investor Relations & Capital Markets1yrno datano data
Jimena Moran
VP of Marketing & Logistics and Executive Assistant4.7yrsno datano data
Ana Moran
Manager Environmentalno datano datano data
Mike Hallewell
Senior Vice President Engineering Projects & Metallurgy1.7yrsno datano data
5.1yrs
Average Tenure

Experienced Management: ELO's management team is seasoned and experienced (5.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Thomas Larsen
CEO & Chairman24.7yrsCA$1.19m2.76%
CA$ 6.0m
Francis Sauve
Independent Director24.7yrsCA$110.40k1.61%
CA$ 3.5m
Peter Marrone
Senior Corporate Advisor4.3yrsno datano data
Dusan Berka
Independent Director15.2yrsCA$110.40k0.54%
CA$ 1.2m
Alexander Horvath
Lead Independent Director16.7yrsCA$110.40k0.38%
CA$ 814.5k
Richard Stone
Independent Director9.7yrsCA$110.40k0.36%
CA$ 777.4k
Caroline Cathcart
Independent Director2yrsCA$110.40k0.017%
CA$ 36.2k
Doug Bache
Member of Corporate Advisory Board6.6yrsno datano data
Tom Ladner
Member of the Corporate Advisory Boardno datano datano data
Pablo Ordonez
Director4yrsCA$110.40k0.013%
CA$ 27.1k
9.7yrs
Average Tenure
68yo
Average Age

Experienced Board: ELO's board of directors are considered experienced (9.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 22:56
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Eloro Resources Ltd. is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullCantor Fitzgerald Canada Corporation
Pierre VaillancourtHaywood Securities Inc.
Peter-Thilo HaslerSphene Capital GmbH