Fortuna Silver Mines Management
Management criteria checks 2/4
Fortuna Silver Mines' CEO is Jorge Ganoza Durant, appointed in Jan 2006, has a tenure of 18.33 years. total yearly compensation is $4.67M, comprised of 15.3% salary and 84.7% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth CA$17.16M. The average tenure of the management team and the board of directors is 3.8 years and 7.6 years respectively.
Key information
Jorge Ganoza Durant
Chief executive officer
US$4.7m
Total compensation
| CEO salary percentage | 15.3% |
| CEO tenure | 18.3yrs |
| CEO ownership | 0.7% |
| Management average tenure | 3.8yrs |
| Board average tenure | 7.6yrs |
Recent management updates
Recent updates
Fortuna Silver Mines (TSE:FVI) Seems To Use Debt Quite Sensibly
May 08
Fortuna Silver Mines Inc. (TSE:FVI) Held Back By Insufficient Growth Even After Shares Climb 28%
Mar 26There's No Escaping Fortuna Silver Mines Inc.'s (TSE:FVI) Muted Revenues
Feb 09A Look At The Fair Value Of Fortuna Silver Mines Inc. (TSE:FVI)
Dec 11Is Fortuna Silver Mines (TSE:FVI) Using Too Much Debt?
Nov 14Here's Why Fortuna Silver Mines (TSE:FVI) Can Afford Some Debt
Aug 13Would Fortuna Silver Mines (TSE:FVI) Be Better Off With Less Debt?
May 11Fortuna Silver Mines Inc. (TSE:FVI) Shares Could Be 20% Below Their Intrinsic Value Estimate
Feb 25Does Fortuna Silver Mines (TSE:FVI) Have A Healthy Balance Sheet?
Jan 24Fortuna Silver Mines (TSE:FVI) Has A Somewhat Strained Balance Sheet
Oct 24An Intrinsic Calculation For Fortuna Silver Mines Inc. (TSE:FVI) Suggests It's 48% Undervalued
Sep 26These 4 Measures Indicate That Fortuna Silver Mines (TSE:FVI) Is Using Debt Reasonably Well
Jul 26A Look At The Fair Value Of Fortuna Silver Mines Inc. (TSE:FVI)
Jun 13Is Fortuna Silver Mines (TSE:FVI) A Risky Investment?
Mar 28Are Investors Undervaluing Fortuna Silver Mines Inc. (TSE:FVI) By 45%?
Mar 02Fortuna Silver Mines (TSE:FVI) Has A Pretty Healthy Balance Sheet
Nov 07An Intrinsic Calculation For Fortuna Silver Mines Inc. (TSE:FVI) Suggests It's 31% Undervalued
Sep 11CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -US$35m |
| Dec 31 2023 | US$5m | US$712k | -US$51m |
| Sep 30 2023 | n/a | n/a | -US$111m |
| Jun 30 2023 | n/a | n/a | -US$143m |
| Mar 31 2023 | n/a | n/a | -US$143m |
| Dec 31 2022 | US$3m | US$685k | -US$128m |
| Sep 30 2022 | n/a | n/a | US$40m |
| Jun 30 2022 | n/a | n/a | US$44m |
| Mar 31 2022 | n/a | n/a | US$58m |
| Dec 31 2021 | US$5m | US$637k | US$58m |
| Sep 30 2021 | n/a | n/a | US$61m |
| Jun 30 2021 | n/a | n/a | US$74m |
| Mar 31 2021 | n/a | n/a | US$52m |
| Dec 31 2020 | US$3m | US$618k | US$22m |
| Sep 30 2020 | n/a | n/a | US$22m |
| Jun 30 2020 | n/a | n/a | US$1m |
| Mar 31 2020 | n/a | n/a | US$17m |
| Dec 31 2019 | US$3m | US$618k | US$24m |
| Sep 30 2019 | n/a | n/a | US$7m |
| Jun 30 2019 | n/a | n/a | US$22m |
| Mar 31 2019 | n/a | n/a | US$22m |
| Dec 31 2018 | US$6m | US$600k | US$34m |
| Sep 30 2018 | n/a | n/a | US$66m |
| Jun 30 2018 | n/a | n/a | US$69m |
| Mar 31 2018 | n/a | n/a | US$67m |
| Dec 31 2017 | US$2m | US$600k | US$66m |
Compensation vs Market: Jorge's total compensation ($USD4.67M) is above average for companies of similar size in the Canadian market ($USD2.11M).
Compensation vs Earnings: Jorge's compensation has increased whilst the company is unprofitable.
CEO
Jorge Ganoza Durant (53 yo)
18.3yrs
Tenure
US$4,668,993
Compensation
Mr. Jorge A. Ganoza Durant, B.Sc. Eng, co-founded Fortuna Silver Mines Inc. (formerly Fortuna Ventures Inc.) in 2004. He served as Independent Director at Ferreycorp S.A.A. Mr. Durant has been the Chief Ex...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 18.3yrs | US$4.67m | 0.72% $ 17.2m | |
| Co-Founder & Director | no data | US$231.99k | 0.056% $ 1.3m | |
| Chief Financial Officer | 17.9yrs | US$2.23m | 0.24% $ 5.8m | |
| Senior Vice President of Technical Services | 7.3yrs | US$1.32m | 0.049% $ 1.2m | |
| Chief Operating Officer of Latin America | 3.8yrs | US$1.38m | 0.016% $ 390.0k | |
| Chief Operating Officer of West Africa | 1.6yrs | US$1.82m | 0% $ 0 | |
| Vice President of Finance and Accounting | 1.3yrs | no data | 0.0022% $ 52.4k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Corporate Counsel & Chief Compliance Officer | 5.7yrs | no data | no data | |
| Vice President of People | less than a year | no data | no data | |
| Country Head of Mexico | 3.8yrs | no data | no data | |
| Senior Vice President of Exploration | 2.6yrs | US$1.27m | 0.019% $ 457.9k |
3.8yrs
Average Tenure
55.5yo
Average Age
Experienced Management: FVI's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 19.4yrs | US$4.67m | 0.72% $ 17.2m | |
| Co-Founder & Director | 15.9yrs | US$231.99k | 0.056% $ 1.3m | |
| Independent Director | 10.8yrs | US$203.56k | no data | |
| Independent Chairman | 7.7yrs | US$279.96k | 0.036% $ 853.6k | |
| Independent Director | 2.8yrs | US$165.31k | no data | |
| Independent Director | 6.8yrs | US$189.31k | 0.0011% $ 27.3k | |
| Independent Director | 1.9yrs | US$165.54k | no data | |
| Independent Director | 7.5yrs | US$177.56k | 0.012% $ 285.3k |
7.6yrs
Average Tenure
55yo
Average Age
Experienced Board: FVI's board of directors are considered experienced (7.6 years average tenure).