Filo Management

Management criteria checks 4/4

Filo's CEO is Jamie Beck, appointed in Sep 2019, has a tenure of 5.17 years. total yearly compensation is $1.35M, comprised of 30.7% salary and 69.3% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth CA$16.27M. The average tenure of the management team and the board of directors is 3.2 years and 4.3 years respectively.

Key information

Jamie Beck

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	30.7%
CEO tenure	5.2yrs
CEO ownership	0.4%
Management average tenure	3.2yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jamie Beck's remuneration changed compared to Filo's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$94m
Jun 30 2024	n/a	n/a	-US$92m
Mar 31 2024	n/a	n/a	-US$96m
Dec 31 2023	US$1m	US$415k	-US$87m
Sep 30 2023	n/a	n/a	-US$77m
Jun 30 2023	n/a	n/a	-US$75m
Mar 31 2023	n/a	n/a	-US$62m
Dec 31 2022	US$2m	US$308k	-US$51m
Sep 30 2022	n/a	n/a	-US$41m
Jun 30 2022	n/a	n/a	-US$35m
Mar 31 2022	n/a	n/a	-US$29m
Dec 31 2021	US$1m	US$277k	-US$26m
Sep 30 2021	n/a	n/a	-US$22m
Jun 30 2021	n/a	n/a	-US$17m
Mar 31 2021	n/a	n/a	-US$14m
Dec 31 2020	US$655k	US$233k	-US$15m
Sep 30 2020	n/a	n/a	-US$18m
Jun 30 2020	n/a	n/a	-US$18m
Mar 31 2020	n/a	n/a	-US$20m
Dec 31 2019	US$474k	US$127k	-US$22m
Sep 30 2019	n/a	n/a	-US$20m
Jun 30 2019	n/a	n/a	-US$21m
Mar 31 2019	n/a	n/a	-US$20m
Dec 31 2018	US$206k	US$82k	-US$21m
Sep 30 2018	n/a	n/a	-US$21m
Jun 30 2018	n/a	n/a	-US$20m
Mar 31 2018	n/a	n/a	-US$18m
Dec 31 2017	US$345k	US$94k	-US$15m

Compensation vs Market: Jamie's total compensation ($USD1.35M) is below average for companies of similar size in the Canadian market ($USD3.18M).

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

CEO

Jamie Beck (47 yo)

5.2yrs

Tenure

US$1,351,302

Compensation

Mr. James Beck, also known as Jamie, P.Eng., MBA, B.A.Sc., serves as Independent Director at Fireweed Metals Corp since 2024. He serves as Chief Executive Officer and Director at Filo Corp. (Formerly Filo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Beck	President	5.2yrs	US$1.35m	0.37% CA$ 16.3m
Ian Gibbs	Chief Financial Officer	2.2yrs	US$743.58k	no data
Arndt Brettschneider	Vice President of Operations & Projects	2.2yrs	US$513.85k	no data
Trevor D'Sa	Vice President of Corporate Development & Investor Relations	3.4yrs	US$585.84k	0.028% CA$ 1.3m
Robert Carmichael	Vice President of Exploration	8.3yrs	US$337.97k	0.37% CA$ 16.6m
Judy McCall	Corporate Secretary	3yrs	no data	no data

3.2yrs

Average Tenure

55yo

Average Age

Experienced Management: FIL's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Beck	President	4.4yrs	US$1.35m	0.37% CA$ 16.3m
Ronald Hochstein	Director	2.2yrs	US$85.86k	0.0072% CA$ 321.2k
Peter O'Callaghan	Lead Independent Director	1.7yrs	US$561.56k	0.0015% CA$ 65.4k
Carmel Daniele	Independent Director	4.2yrs	US$85.10k	no data
Wojtek Wodzicki	Independent Director	8.5yrs	US$93.40k	0.74% CA$ 32.8m
Adam Lundin	Independent Chairman of the Board	7.2yrs	US$92.65k	1.0% CA$ 44.5m
Joyce Ngo	Independent Director	1.7yrs	US$559.74k	0.0015% CA$ 69.0k
Erin Johnston	Independent Director	4.4yrs	US$91.14k	0.013% CA$ 561.0k

4.3yrs

Average Tenure

55.5yo

Average Age

Experienced Board: FIL's board of directors are considered experienced (4.3 years average tenure).

Filo Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Chairman of the Board exercised options to buy CA$6.5m worth of stock.

President exercised options and sold CA$3.7m worth of stock

Independent Director exercised options to buy CA$2.7m worth of stock.

Independent Director recently sold CA$1.6m worth of stock

Filo Corp., Annual General Meeting, Jun 21, 2024

Insider recently sold CA$423k worth of stock

Recent updates

New major risk - Financial position

Independent Chairman of the Board exercised options to buy CA$6.5m worth of stock.

President exercised options and sold CA$3.7m worth of stock

New minor risk - Shareholder dilution

Filo Corp. announced that it has received CAD 114.999984 million in funding from Lundin Mining Corporation, BHP Investments Canada Inc.

Price target decreased by 7.5% to CA$31.14

BHP Investments Canada Inc. and Lundin Mining Corporation (TSX:LUN) entered into a definitive agreement to acquire remaining 93.7% stake in Filo Corp. (TSX:FIL) from Nemesia S.À R.L. and others for CAD 4.1 billion.

Independent Director exercised options to buy CA$2.7m worth of stock.

Filo Corp. Announces Assay Results from Three Holes from the Filo Del Sol Project

Independent Director recently sold CA$1.6m worth of stock

Is Filo (TSE:FIL) In A Good Position To Invest In Growth?

New major risk - Financial position

Filo Corp. Announces Assay Results from Holes FSDH093 and FSDH094 from the Filo Del Sol Project in San Juan, Argentina

We're Hopeful That Filo (TSE:FIL) Will Use Its Cash Wisely

Filo Corp. to Report Q3, 2024 Results on Nov 08, 2024

Filo Corp., Annual General Meeting, Jun 21, 2024

Filo Corp. to Report Q2, 2024 Results on Aug 09, 2024

Filo Corp. Announces 2024 Exploration Plans

Insider recently sold CA$423k worth of stock

Filo Corp. Announces Assay Results from HolesFSDH086, FSDH089 and FSDH095 from the Filo Del Sol Project in San Juan, Argentina

New major risk - Revenue and earnings growth

Filo Corp. Discovers New High-Grade Zone At Bonita

Filo Corp. Fills the Gap Between Aurora and Bonita - Reports 1,430M At 0.55% CuEq

Companies Like Filo (TSE:FIL) Are In A Position To Invest In Growth

Filo Corp. Announces Assay Results from Hole FSDH084 Testing the Aurora Zone Along with a Summary of the Recent Geotechnical Drilling Program at the Filo Del Sol Project in San Juan, Argentina

Filo Corp. Extends Aurora 260M Northeast with 1,131m at 0.57% CuEq; Expands Bonita 700m East with 879m at 0.47% CuEq

Filo Corp. Announces Assay Results from Two Holes Testing the Aurora and Filo Zones At the Filo Del Sol Project in San Juan, Argentina

New minor risk - Insider selling

Independent Director recently sold CA$528k worth of stock

Independent Director exercised options to buy CA$4.1m worth of stock.

Filo Mining Corp. announced that it has received CAD 130.000012 million in funding from Lorito Holdings S.à R.L., Zebra Holdings And Investments S.à R.L., Nemesia S.À R.L., BHP Western Mining Resources International Pty Ltd, Lundin Family Trusts

Filo Mining Corp. announced that it expects to receive CAD 100.000011 million in funding from BHP Western Mining Resources International Pty Ltd, Lorito Holdings S.à R.L., Zebra Holdings And Investments S.à R.L., Nemesia S.À R.L.

Filo Mining Corp. announced that it expects to receive CAD 100.000011 million in funding from Lorito Holdings S.à R.L., Zebra Holdings And Investments S.à R.L., Nemesia S.À R.L., BHP Western Mining Resources International Pty Ltd, Lundin Family Trusts

Filo Mining Corp. Announces Assay Results from Holes Testing Four Different Zones At the Filo Del Sol Project in San Juan, Argentina

Non-Independent Director exercised options to buy CA$644k worth of stock.

Companies Like Filo Mining (TSE:FIL) Are In A Position To Invest In Growth

President exercised options to buy CA$3.2m worth of stock.

Chairman of the Board exercised options to buy CA$9.8m worth of stock.

Filo Mining Corp. Announces Assay Results at Filo Del Sol Project in San Juan, Argentina

Non-Independent Director recently sold CA$139k worth of stock

Non-Independent Director recently sold CA$605k worth of stock

Price target increased to CA$28.82

Filo Mining Reports 1,028M At 1.16% Cueq, Including 172M At 2.14% Cueq

Vice President of Exploration recently bought CA$76k worth of stock

Filo Mining Reports 1,356m at 1.09% CuEq, Including 424m at 1.54% CuEq

High number of new directors

Companies Like Filo Mining (TSE:FIL) Are In A Position To Invest In Growth

High number of new directors

Now 23% undervalued after recent price drop

Filo Mining Reports 1,132m at 1.11% CuEq in the Aurora Zone

High number of new directors

Filo Mining Corp. Announces Board Changes

President recently sold CA$478k worth of stock

Now 22% undervalued after recent price drop

Filo Mining Corp. Announces Executive Changes

President recently sold CA$381k worth of stock

Filo Mining Corp. Announces Results from Two Holes At the Filo Del Sol Project in San Juan, Argentina

Filo Mining Corp. Announces Drilling Campaign ExtFilo Mining Corp. ends High-Grade Mineralization and Discovers New Porphyry Centre

High number of new directors

We're Not Worried About Filo Mining's (TSE:FIL) Cash Burn

High number of new directors

Filo Mining Corp. Announces Board Changes

Chairman of the Board exercised options to buy CA$7.8m worth of stock.

Filo Mining Discovers New Porphyry Centre Two Kilometres Northeast of Breccia 41

Insider recently bought CA$83k worth of stock

Filo Mining Corp. Reports 1,338M of 1.33% Cueq, Including 24M of 13.30% Cueq

Filo Mining Corp. Announces Assay Results from the Ongoing Drill Program at the Filo Del Sol Project

Filo Mining Corp. Provides Assay Results from Hole FSDH057

Is There An Opportunity With Filo Mining Corp.'s (TSE:FIL) 31% Undervaluation?