Troilus Gold Management

Management criteria checks 3/4

Troilus Gold's CEO is C. Reid, appointed in Dec 2017, has a tenure of 6.92 years. total yearly compensation is CA$968.08K, comprised of 40.9% salary and 59.1% bonuses, including company stock and options. directly owns 1.42% of the company’s shares, worth CA$1.67M. The average tenure of the management team and the board of directors is 6.8 years and 5.8 years respectively.

Key information

C. Reid

Chief executive officer

CA$968.1k

Total compensation

CEO salary percentage	40.9%
CEO tenure	6.9yrs
CEO ownership	1.4%
Management average tenure	6.8yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has C. Reid's remuneration changed compared to Troilus Gold's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 31 2024	CA$968k	CA$396k	-CA$34m
Apr 30 2024	n/a	n/a	-CA$40m
Jan 31 2024	n/a	n/a	-CA$53m
Oct 31 2023	n/a	n/a	-CA$11m
Jul 31 2023	CA$1m	CA$396k	-CA$6m
Apr 30 2023	n/a	n/a	-CA$902k
Jan 31 2023	n/a	n/a	CA$8m
Oct 31 2022	n/a	n/a	-CA$38m
Jul 31 2022	CA$2m	CA$396k	-CA$36m
Apr 30 2022	n/a	n/a	-CA$63m
Jan 31 2022	n/a	n/a	-CA$61m
Oct 31 2021	n/a	n/a	-CA$77m
Jul 31 2021	CA$3m	CA$396k	-CA$75m
Apr 30 2021	n/a	n/a	-CA$43m
Jan 31 2021	n/a	n/a	-CA$43m
Oct 31 2020	n/a	n/a	-CA$21m
Jul 31 2020	CA$938k	CA$396k	-CA$18m
Apr 30 2020	n/a	n/a	-CA$20m
Jan 31 2020	n/a	n/a	-CA$19m
Oct 31 2019	n/a	n/a	-CA$19m
Jul 31 2019	CA$817k	CA$396k	-CA$20m
Apr 30 2019	n/a	n/a	-CA$16m
Jan 31 2019	n/a	n/a	-CA$19m
Oct 31 2018	n/a	n/a	-CA$34m
Jul 31 2018	CA$855k	CA$242k	-CA$30m

Compensation vs Market: C.'s total compensation ($USD690.28K) is above average for companies of similar size in the Canadian market ($USD166.75K).

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

CEO

C. Reid (51 yo)

6.9yrs

Tenure

CA$968,082

Compensation

Mr. C. Justin Reid, B. Sc., M. Sc., MBA, is Director of Delta Resources Limited since July 2023. He serves as an Advisor at Lucky Minerals Inc. since May 27, 2020. He has been Chief Executive Officer and D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
C. Reid	CEO, President & Director	6.9yrs	CA$968.08k	1.42% CA$ 1.7m
Susanna Milne	Chief Financial Officer	less than a year	CA$471.98k	0.098% CA$ 115.2k
Brianna Davies	Senior VP of Legal & Corporate Secretary	6.8yrs	CA$545.38k	0.29% CA$ 347.5k
Ian Pritchard	Senior Vice President of Technical Services	6.8yrs	CA$904.41k	0.22% CA$ 264.2k
Caroline Arsenault	Vice-President of Corporate Communications	6.8yrs	no data	0.15% CA$ 171.8k
Kyle Frank	Vice President of Exploration	2.6yrs	no data	0.064% CA$ 75.0k

6.8yrs

Average Tenure

51yo

Average Age

Experienced Management: TLG's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
C. Reid	CEO, President & Director	6.9yrs	CA$968.08k	1.42% CA$ 1.7m
Pierre Pettigrew	Independent Director	6.9yrs	CA$167.50k	0.29% CA$ 344.6k
Chantal Lavoie	Independent Director	less than a year	no data	no data
François Biron	Independent Director	less than a year	CA$95.00k	no data
Thomas Olesinski	Independent Director	6.9yrs	CA$172.50k	0.15% CA$ 178.7k
Diane Lai	Independent Chairman	5.8yrs	CA$184.00k	0.15% CA$ 174.3k
Brigitte Linda Berneche	Independent Director	less than a year	CA$144.97k	0.0045% CA$ 5.3k

5.8yrs

Average Tenure

57yo

Average Age

Experienced Board: TLG's board of directors are considered experienced (5.8 years average tenure).

Troilus Gold Management

Management criteria checks 3/4

Key information

Recent management updates

Troilus Gold Corp., Annual General Meeting, Dec 12, 2024

Troilus Gold Corp. Announces Appointment of Chantal Lavoie to Board of Directors

Troilus Announces Board Changes

Troilus Gold Corp. Announces CFO Changes

Troilus Gold Corp. Announces Board Changes

Troilus Gold Corp., Annual General Meeting, Dec 07, 2023

Recent updates

New major risk - Shareholder dilution

Troilus Gold Corp. has completed a Composite Units Offering in the amount of CAD 28.029 million.

Troilus Gold Corp., Annual General Meeting, Dec 12, 2024

Troilus Gold Corp. Announces Appointment of Chantal Lavoie to Board of Directors

Troilus Gold Corp. Announces Positive Drill Results Forming Part of 1,866-Metre Exploratory Drill Program on Its Newly Discovered “West Rim” VMS Target, Located Within 150 Metres of the North Reserve Pit Shell

Troilus Gold Corp. Commences Dewatering of the J4 Pit

Troilus Announces Board Changes

New major risk - Financial position

Price target decreased by 14% to CA$1.53

Troilus Gold Corp. Confirms Excellent Metallurgical Recoveries At Zone X22 with Completed Pilot Plant Test Program

Troilus Gold Corp. Discovers New At-Surface Gold Zone 'West Rim' with Intercept of 1.37 g/t AuEq over 11m Within 200m of Reserve Pit and Confirms Continuity of Zone X22 Mineralization to Depth of 550m

Troilus Gold Corp. Reports Results from Feasibility Study Completed on Gold-Copper Troilus Project Located in Northcentral Quebec, Canada

New major risk - Revenue and earnings growth

Prospector Metals Corp. (TSXV:PPP) acquired 100% stake in Mike Lake Property from Troilus Gold Corp. (TSX:TLG) for CAD 2.4 million.

Troilus Gold Corp. Announces CFO Changes

Price target decreased by 14% to CA$1.67

Troilus Gold Corp. Announces Board Changes

Price target decreased by 7.9% to CA$1.79

Troilus Gold Corp. has completed a Composite Units Offering in the amount of CAD 15.008 million.

Troilus Gold Corp. Reports Updated Mineral Resource Estimate for the Troilus Project

Troilus Gold Corp., Annual General Meeting, Dec 07, 2023

Troilus Gold Corp. Announces Stepped Down of Blake Hylands as President

Troilus Gold Corp. Reports Assay Results from the X22 Zone At Its Troilus Project, Located in North Central Quebec, Canada

Insufficient new directors

Troilus Gold Corp. Continues to Expand Zone X22, Drills High Grades of 103.81 g/t AuEq over 1m, 14.68 g/t AuEq Over 7m

New major risk - Financial position

Troilus Provides Update on Forest Fire Situation in Northern Quebec

Troilus Extends Newly Discovered "X22 Zone" Strike Length to +800 Meters; Drills 1.34 G/T Aueq over 18M and 2.42 G/T Aueq over 9M

Insufficient new directors

Troilus Gold Corp. Reports Positive Assay Results from the Connector Zone

Insider exercised options and sold CA$52k worth of stock

Price target decreased to CA$1.94

Troilus Gold Corp. Announces Retirement of Richard Harrisson as Chief Operating Officer

Price target increased to CA$2.49

Troilus Gold Corp. announced that it has received CAD 4.84275 million in funding from Sayona Mining Limited

Sayona Nord Inc entered into a definitive agreement to acquire 1,824 Claims Covering Area of Approximately 985 Square Kilometers from Troilus Gold Corp. (TSX:TLG) for CAD 40 million.

Price target decreased to CA$2.28

Troilus Drills 5.19 G/T Aueq over 21M Inside Broader Zone of 1.75 G/T Aueq over 138M At Connector Zone

Troilus Gold Corp Discovers New 4.4 Km Gold Trend With Surface Samples Up to 32.2 G/T and 25.4 G/T Gold

Price target decreased to CA$2.28

Troilus Gold Corp. Reports Positive Assay Results from the Ongoing 11,000-Metre Drill Campaign at its Troilus Project in Northcentral, Quebec, Canada

Troilus Gold Corp., Annual General Meeting, Dec 08, 2022

Price target decreased to CA$2.51

Troilus Gold Corp. announced that it has received CAD 5.15725 million in funding

Troilus Gold Corp. Reports New Assay Results from Drilling

Price target decreased to CA$2.66

Troilus Gold Corp. Reports Metallurgical Recoveries of 95.5% Gold, 95.9% Copper and 92.8% Silver From Zone Z87 Pilot Plant Test Program

Troilus Drills 1.73 g/t AuEq Over 6 Metres and 1.04 g/t AuEq Over 13m in The Gap Zone; Demonstrates New Mineral Continuity Beyond Main Zone Ore Bodies

Troilus Gold Corp. Reports Excellent Metallurgical Recovery Results for the Southwest Zone

Troilus Gold Corp. Kicks Off Environmental Permitting Process with Filing of Initial Project Notice

Troilus Gold Corp. Reports Additional Assay Results from the Southwest Zone At Its Troilus Project

Price target decreased to CA$3.39

Troilus Gold Corp. Drills Record High-Grade in Southwest Zone: 92 G/T and 68 G/T Gold Over 1m, and 3.07 G/T AuEq Over 15m, Zone Extended +200m; Initial Gap Zone Drilling Returns 4.2 G/T AuEq Over 7m

Troilus Gold Corp. Promotes Blake Hylands to President of the Company

Troilus Gold Corp. Announces Drill Results from High-Grade Gold-Copper-Silver Testard Target

Troilus Gold Corp. Announces Drill Results from its High-Grade Gold-Copper-Silver Testard Target

Price target decreased to CA$3.39

Troilus Gold Corp. Reports 92.9% Gold Recovery and 90.4% Copper Recovery from J Zone Pilot Plant Test Program

Troilus Gold Corp. Provides an Overview of the Extensive Regional Exploration Activities Completed in the Second Half of 2021 at Its Troilus Gold-Copper Project Located in Northcentral Quebec, Canada

Troilus Gold Corp. Reports Additional Assay Results from the Southwest Zone at its 100%-Owned Troilus Deposit, Located in Northcentral Quebec, Canada

CEO, President & Director exercised options to buy CA$271k worth of stock.

Troilus Gold Corp Drills 4.40 G/T Aueq over 12 Metres Within A Broader Intersection of 2.10 G/T over 31 Metres in the J Zone; Confirms +50 Metre Down Dip Mineral Extension

Troilus Drills Among the Best Holes Ever Reported: 3.51 g/t Gold Over 15m, Incl. 6.70 g/t Gold Over 7m and 27.40 g/t Gold Over 1m in the Southwest Zone

Independent Director recently bought CA$57k worth of stock

Troilus Gold Corp. announced that it has received CAD 11.149995 million in funding from Fonds régionaux de solidarité FTQ S.E.C. Laurentides, Fonds de solidarité FTQ, Investissement Québec, Investment Arm

President Paul Pint has left the company

Troilus Gold Corp. has completed a Composite Units Offering in the amount of CAD 42.522143 million.

Price target increased to CA$3.89

Troilus Gold Corp. Reports Additional Results from Its Ongoing Exploration and Infill Drill Program on Its 100%-Owned Troilus Gold Project