Colibri Resource Management

Management criteria checks 2/4

Colibri Resource's CEO is Ian McGavney, appointed in Sep 2023, has a tenure of less than a year. total yearly compensation is CA$52.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 1.95% of the company’s shares, worth CA$94.75K. The average tenure of the management team and the board of directors is 0.6 years and 2.9 years respectively.

Key information

Ian McGavney

Chief executive officer

CA$52.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	less than a year
CEO ownership	2.0%
Management average tenure	less than a year
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ian McGavney's remuneration changed compared to Colibri Resource's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-CA$1m
Jun 30 2023	n/a	n/a	-CA$395k
Mar 31 2023	n/a	n/a	-CA$289k
Dec 31 2022	CA$52k	CA$52k	-CA$668k
Dec 31 2021	CA$52k	CA$52k	CA$162k
Aug 31 2021	n/a	n/a	CA$213k
May 31 2021	n/a	n/a	CA$404k
Feb 28 2021	n/a	n/a	CA$391k
Nov 30 2020	CA$42k	CA$42k	CA$50k
Aug 31 2020	n/a	n/a	-CA$48k
May 31 2020	n/a	n/a	-CA$89k
Feb 29 2020	n/a	n/a	-CA$139k
Nov 30 2019	CA$36k	CA$36k	-CA$184k
Aug 31 2019	n/a	n/a	-CA$8m
May 31 2019	n/a	n/a	-CA$8m
Feb 28 2019	n/a	n/a	-CA$8m
Nov 30 2018	CA$27k	CA$27k	-CA$8m

Compensation vs Market: Ian's total compensation ($USD38.06K) is below average for companies of similar size in the Canadian market ($USD174.90K).

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

CEO

Ian McGavney (45 yo)

less than a year

Tenure

CA$52,000

Compensation

Mr. Ian McGavney has been Chief Executive Officer and President since September 2023 at Colibri Resource Corporation and as its Director from July 7, 2023. He was Chief Operating Officer at Colibri Resourc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ronald Goguen	Executive Chairman	14.2yrs	CA$146.00k	2.7% CA$ 131.2k
Ian McGavney	President	less than a year	CA$52.00k	1.95% CA$ 94.8k
Camilla Cormier	CFO & Director	1.7yrs	CA$34.79k	0.22% CA$ 10.9k

0.6yrs

Average Tenure

Experienced Management: CBI's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Ronald Goguen	Executive Chairman	14.2yrs	CA$146.00k	2.7% CA$ 131.2k
Ian McGavney	President	less than a year	CA$52.00k	1.95% CA$ 94.8k
Camilla Cormier	CFO & Director	2.9yrs	CA$34.79k	0.22% CA$ 10.9k
James Lavigne	Independent Director	3.9yrs	CA$76.25k	0.21% CA$ 10.4k
Roger Doucet	Advisor	no data	CA$1.25k	0.046% CA$ 2.3k
William MacDonald	Independent Director	8.3yrs	CA$2.50k	0.81% CA$ 39.1k
Kevin O'Connor	Independent Director	2.9yrs	CA$1.25k	3.89% CA$ 188.8k
Douglas Coleman	Member of Advisory Board	less than a year	no data	no data

2.9yrs

Average Tenure

70yo

Average Age

Experienced Board: CBI's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Colibri Resource Management

Management criteria checks 2/4

Key information

Recent management updates

Colibri Resource Corporation Announces CEO Changes

Colibri Resource Corporation Announces CEO Changes

Colibri Resource Corporation, Annual General Meeting, Jul 07, 2023

Colibri Resource Corporation Announces Executive Changes

Colibri Resource Corporation Reports the Passing of Director, Jacques Monette

Colibri Resource Corporation, Annual General Meeting, Jun 23, 2022

Recent updates

Silver Spruce Resources Inc. and Partner Colibri Resource Corp. Launch 2024 Drilling Program on El Pillado Polymetallic Target At Diamante Au-Ag Project, Sonora, Mexico

Silver Spruce Resources Inc. and Colibri Resource Corporation Announces Receipt of Semarnat Environmental Permit, Land Access Agreements and Mobilization for 2024 Core Drilling Program At Diamante Au-Ag Project, Sonora, Mexico

Tocvan Ventures Corp. Announces That Infill Drilling Has Commenced in the Main Zone At the Advanced Exploration Stage Pilar Gold and Silver Project in Sonora, Mexico

Colibri Resource Corporation Begins High-Definition Magnetic Survey and Mapping of Priority Targets At EP Gold Project in Sonora, Mexico

Colibri Resource Corporation and Silver Spruce Resources Inc. Files Application for Drilling Program at Diamante Project, Sonora, Mexico

New major risk - Financial position

Colibri Resource Corporation Reports the Discovery of New Gold-Silver Showings on the Diamante Property

Colibri Resource Corporation Provides Update on Exploration and Corporate Activities

Colibri Resource Corporation Completes 2,200m Drilling Program At "Ep Project" in Caborca Gold Belt

Colibri Resource Corporation Announces CEO Changes

Colibri Resource Corporation Announces CEO Changes

Colibri Resource Corporation announced that it has received $0.687 million in funding

Colibri Resource Corporation Submits Application for Additional Drilling at the Evelyn Property

Colibri Resource Corporation Option Partner Announces Completion of Leach Process on Bulk Sample Material At Pilar

Colibri Resource Corporation announced that it expects to receive $1 million in funding

Colibri Resource Corporation, Annual General Meeting, Jul 07, 2023

Colibri Resource Corporation Provides Exploration Update at the Evelyn Gold Property

Colibri Resource Corporation Provides Exploration Update At the Evelyn Gold Property

Colibri Resumes Exploration and Applies for Drill Permit At the Evelyn Gold Property, Northwestern Sonora, Mexico

Silver Spruce Resources and Colibri Resource Corporation Intersect Au to 5.62 G/T and Ag to 239 G/T in Polymetallic Vein Mineralization At La Prieta Target At Diamante Project, Sonora, Mexico

Silver Spruce Resources Inc. (TSXV:SSE) agreed to acquire 50% stake in Yaque Minerales S.A de C.V. from Colibri Resource Corporation (TSXV:CBI).

Silver Spruce and Colibri Report on Zn-Pb-Ag-Au Mineralization At El Pillado Target in 19-Hole, 2,005 Metre R/C Drill Program At Diamante Project, Sonora, Mexico

Colibri Resource Corporation Announces Executive Changes

Colibri Resource Corporation Reports Drilling Results and Provides Exploration Plans for the Evelyn Property

Silver Spruce Resources Inc. and Colibri Resource Corporation Hit Mineralization At El Pillado and La Prieta Au-Ag-Pb-Zn-Cu Targets in 19-Hole, 2,005 Metre R/C Drill Program At Diamante Project, Sonora, Mexico

Colibri Resource Corporation and Silver Spruce Resources Inc. Initiates Inagural 2,000 Metre R/C Drill Program At Diamante Project, Sonora, Mexico

Colibri Resource Corporation Reports Evelyn Property Update: Phase 1 Drilling Complete

Colibri Resource Corporation Reports the Passing of Director, Jacques Monette

Price target increased to CA$0.29

Colibri Resource Corporation, Annual General Meeting, Jun 23, 2022

Colibri Resource Corporation Reports Drilling Results from its Pilar Gold & Silver Project in Sonora, Mexico

Colibri & Option Partner Receive Drilling & Trenching Permit for the Diamante Gold & Silver Project in Sonora

Colibri Resource Corporation Reports Assays Received from the Evelyn Gold Project Drilling Program

Colibri Resource Corporation Continues Phase 1 Drilling Program at Evelyn Gold Project

Colibri Resource Corporation Provides High-Grade Results from Additional Historical Rock Sampling at Several Known Targets with Artisanal Workings

Colibri Resource Corporation Reports Evelyn Property Update

Colibri's Option Partner Receives Assay Results for Phase I Drilling Completed At El Mezquite Gold & Silver Project, Sonora, Mexico

Colibri's Option Partner Provides Update on Phase 1 Exploration Drilling at the El Mezquite Au-Ag Property

Colibri Resource Corporation Reports Extension of IP Survey at the Evelyn Gold-Silver Project, Sonora, Mexico

Colibri Resource Corporation Announces Phase 2 Exploration Program At Jackie Gold & Silver Project

Independent Director Terrence Byberg has left the company

Colibri Resource Corporation announced that it has received CAD 2.388114 million in funding

Colibri Option Partner Tocvan Ventures Corp. Announces Results for the First Three Holes from its Phase II Drill Program at the Pilar Gold-Silver Project in Sonora, Mexico

Colibri and JV Partner Report Discovery at Grass Roots Jackie Property - Samples as High as 9.56 g/t Gold and 515 g/t Silver and Provides Exploration Update of Pilar Gold & Silver Project

Colibri Resource Corporation announced that it has received CAD 2.3482 million in funding

Colibri Resource Corporation announced that it expects to receive CAD 2.2 million in funding

Chairman recently bought CA$100k worth of stock

Colibri Resource Corp Option Partner Silver Spruce Resources Inc. at El Mezquite Gold and Silver Project Files Environmental Report for Drilling Permit

Colibri Resource Corporation Samples Up to 41.0 Grams Per Tonne Gold from Recent Trenching on the Evelyn Gold Project, Northwestern Sonora

Colibri Resource Corporation Option Partner Resumes Surface Exploration At Pilar Gold & Silver Project in Sonora, Mexico

Colibri Option Partner to Complete Lidar Survey on Mezquite and Jackie Properties and Provides Exploration Update

Colibri Resource Corporation Recommences Trenching at Evelyn

Colibri Resource Corporation Receives the Third Batch of Assays from the Trenching Program Completed on the Evelyn Gold Project, Located in the Caborca Gold Belt, Northwestern Sonora

Colibri Resource Corporation Receives Second Batch of Assays from the Trenching Program Completed on the Evelyn Gold Project, Located in the Caborca Gold Belt, Northwestern Sonora

Colibri Resource Corp Receives Initial Assays from Trenching At the Evelyn Gold Project

Colibri Resource Corporation announced that it expects to receive CAD 0.077 million in funding

Colibri Resource Corporation Receives the Results of A High Resolution Magnetic Survey Completed At the Evelyn Gold Project Located in the Caborca Gold Belt, NW Sonora, Mexico

Colibri Resource Corporation (TSXV:CBI) completed the acquisition of Yaque Minerales S.A de C.V. from Ontop Capital Limited.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age