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Cornerstone Capital Resources Management

Management criteria checks 2/4

Key information

Hugh MacDonald

Chief executive officer

CA$543.3k

Total compensation

CEO salary percentage	63.7%
CEO tenure	12yrs
CEO ownership	0.9%
Management average tenure	10.8yrs
Board average tenure	13.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hugh MacDonald's remuneration changed compared to Cornerstone Capital Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	-CA$8m
Jun 30 2022	n/a	n/a	-CA$7m
Mar 31 2022	n/a	n/a	-CA$7m
Dec 31 2021	CA$543k	CA$346k	-CA$7m
Sep 30 2021	n/a	n/a	-CA$7m
Jun 30 2021	n/a	n/a	-CA$7m
Mar 31 2021	n/a	n/a	-CA$7m
Dec 31 2020	CA$375k	CA$375k	-CA$7m
Sep 30 2020	n/a	n/a	-CA$7m
Jun 30 2020	n/a	n/a	-CA$7m
Mar 31 2020	n/a	n/a	-CA$7m
Dec 31 2019	CA$722k	CA$377k	-CA$7m
Sep 30 2019	n/a	n/a	-CA$8m
Jun 30 2019	n/a	n/a	-CA$9m
Mar 31 2019	n/a	n/a	-CA$9m
Dec 31 2018	CA$693k	CA$357k	-CA$9m
Sep 30 2018	n/a	n/a	-CA$8m
Jun 30 2018	n/a	n/a	-CA$9m
Mar 31 2018	n/a	n/a	-CA$9m
Dec 31 2017	CA$716k	CA$276k	-CA$8m
Sep 30 2017	n/a	n/a	-CA$7m
Jun 30 2017	n/a	n/a	-CA$4m
Mar 31 2017	n/a	n/a	-CA$3m
Dec 31 2016	CA$309k	CA$194k	-CA$3m

Compensation vs Market: Hugh's total compensation ($USD399.29K) is above average for companies of similar size in the Canadian market ($USD172.97K).

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

CEO

Hugh MacDonald

12yrs

Tenure

CA$543,260

Compensation

Mr. Hugh Brooke Macdonald has been the Vice President of Legal Affairs of HMI Nickel Inc. since December 1, 2004. Mr. Macdonald serves as Legal Advisor of Everton Resources Inc. and previously served as it...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hugh MacDonald	President	12yrs	CA$543.26k	0.91% CA$ 1.1m
David Loveys	CFO, Corporate Secretary & Director	4.2yrs	CA$317.00k	0.17% CA$ 203.6k
Yvan Crepeau	Vice President of Exploration	9.7yrs	CA$481.14k	0.72% CA$ 878.6k
Martti Kangas	Head of Investor Relations	no data	no data	no data
Paul Moore	Chief Geologist	18.8yrs	no data	no data
James Misener	President of Cornerstone International Inc	no data	no data	no data
Cesar Zumarraga	Vice President of CESA	no data	no data	no data

10.8yrs

Average Tenure

Experienced Management: CGP's management team is seasoned and experienced (10.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hugh MacDonald	President	13.8yrs	CA$543.26k	0.91% CA$ 1.1m
David Loveys	CFO, Corporate Secretary & Director	16.3yrs	CA$317.00k	0.17% CA$ 203.6k
Cesar Zumarraga	Vice President of CESA	no data	no data	no data
Gregory Chamandy	Chairman of the Board	5.6yrs	CA$529.00k	9.7% CA$ 11.9m
Donald Worth	Member of Advisory Board	6.5yrs	CA$16.29k	no data
Dennis Jones	Member of Advisory Board	16.7yrs	no data	no data
Beverley Evans	Independent Director	12.7yrs	CA$116.00k	0.063% CA$ 77.7k
Colin McKenzie	Independent Director	18yrs	CA$114.00k	0.020% CA$ 24.5k
John Fleming	Member of Advisory Board	6.5yrs	CA$16.29k	no data
W. Clarke	Independent Director	23.6yrs	CA$116.00k	0.21% CA$ 256.7k

13.8yrs

Average Tenure

66yo

Average Age

Experienced Board: CGP's board of directors are seasoned and experienced ( 13.8 years average tenure).

This company listing is no longer active

Cornerstone Capital Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Cornerstone Capital Resources Inc., Annual General Meeting, Jun 29, 2022

Insufficient new directors

Vice President of Exploration exercised options to buy CA$326k worth of stock.

Independent Director recently sold CA$83k worth of stock

Insider recently bought CA$806k worth of stock

Recent updates

Third quarter 2022 earnings released: CA$0.075 loss per share (vs CA$0.061 loss in 3Q 2021)

Insufficient new directors

Cornerstone Capital Resources Inc. Provides an Update on Its Bramaderos Gold and Copper Joint Venture in Southern Ecuador

SolGold Plc (LSE:SOLG) entered into a definitive agreement to acquire remaining 94.4% stake in Cornerstone Capital Resources Inc. (TSXV:CGP) for approximately CAD 140 million.

Cornerstone Capital Resources Inc. Provides Drilling Returns 202M At 0.88G/T Gold Equivalent (From 148M) At Bramaderos Gold-Copper Project, Ecuador

Second quarter 2022 earnings released: CA$0.048 loss per share (vs CA$0.042 loss in 2Q 2021)

Price target decreased to CA$6.50

Cornerstone Capital Resources Inc. Provides an Update on Bramaderos Gold and Copper Joint Venture in Southern Ecuador

Cornerstone Capital Resources Inc. Announces Exploration Results At the Espejo Project Located Within the Cornerstone Ecuador S.A

First quarter 2022 earnings released: CA$0.054 loss per share (vs CA$0.05 loss in 1Q 2021)

Cornerstone Capital Resources Inc. Provides Tandayama-America Mineral Resource Update, Cascabel Project, Ecuador

Cornerstone Capital Resources Inc., Annual General Meeting, Jun 29, 2022

Full year 2021 earnings released: CA$0.19 loss per share (vs CA$0.20 loss in FY 2020)

Cornerstone Capital Resources Inc. Expand Alba Gold-Copper Discovery At the Bramaderos Project, Ecuador

Insufficient new directors

Cornerstone Capital Resources Inc Announces the Results of the Pre-Feasibility Study for the Cascabel Copper- Gold Porphyry Joint Venture Project

Cornerstone Capital Resources Inc. Provides Drilling Update for the Tandayama-America Porphyry Copper-Gold Deposit, Cascabel Project, Ecuador

Cornerstone Capital Resources Inc. Updates on Its Bramaderos Gold and Copper Joint Venture in Southern Ecuador

Cornerstone Capital Resources Inc. provides drilling update for the Tandayama-Ameríca

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Cornerstone Capital Resources Inc. Provides Cascabel Pre-Feasibility Study Update

Vice President of Exploration exercised options to buy CA$326k worth of stock.

Independent Director recently sold CA$83k worth of stock

Insider recently bought CA$806k worth of stock

Cornerstone Capital Resources Inc. Provides Drilling Update on Its Tandayama-America (TAM) Porphyry Copper-Gold Mineralized Target

Second quarter 2021 earnings released: CA$0.042 loss per share (vs CA$0.044 loss in 2Q 2020)

President exercised options to buy CA$230k worth of stock.

SolGold PLC and Cornerstone Capital Resources Inc. to Cooperatively Advance Cascabel to Maximize Shareholder Value

First quarter 2021 earnings released: CA$0.05 loss per share (vs CA$0.051 loss in 1Q 2020)

Cornerstone Capital Resources Inc. Announces Drilling Update on Its Tandayama-America

President exercised options to buy CA$207k worth of stock.

Full year 2020 earnings released: CA$0.20 loss per share (vs CA$0.23 loss in FY 2019)

Cornerstone Capital Resources Inc. Announces First Hole of the Phase 2 Program At Brama Target (Bramaderos Project, Ecuador) Hits Mineralized Porphyry over Shallow 300M Intersection

Cornerstone Capital Resources Inc. Provides Bramaderos Project Update, Ecuador

Cornerstone Capital Resources Inc Drill Targets Defined At the Espejo Project Within the Enami Ep Strategic Exploration Alliance in Nw Ecuador

Cornerstone Capital Resources Inc. Provides an Update on Its Bramaderos Gold and Copper Joint Venture in Southern Ecuador

New 90-day low: CA$4.22

Cornerstone Capital Resources Inc. Announces Update on Status of the Pre-Feasibility Study on the Alpala Project

Cornerstone Capital Resources Inc. Announces More Bonanza Grades At Espiritu Silver-Gold Discovery, Bramaderos Project, Ecuador

Price target raised to CA$7.44

Cornerstone Capital Resources Inc. Announces First Drill Hole at Tandayama-America Copper Molybdenum Gold Anomaly, Cascabel, Discovers New Highly Mineralized Alpala-Style Porphyry System 3Km North of Alpala

Cornerstone Capital Resources Inc. Provides Update on Bramaderos Gold and Copper Joint Venture in Southern Ecuador

Cornerstone Capital Resources Inc. Announces Pre-Feasibility Study Update - Alpala Project, Cascabel Concession, Ecuador

Cornerstone Capital Resources Inc. announced that it expects to receive CAD 6.9 million in funding

Cornerstone Capital Resources Inc. Provides Pre-Feasibility Study Update - Alpala Project, Cascabel Concession, Ecuador

Cornerstone Capital Resources Inc. Provide an Update on Its Wholly-Owned Bella Maria Gold and Copper Project in El

SolGold plc (LSE:SOLG) cancelled the acquisition of the remaining 95.2% stake in Cornerstone Capital Resources Inc. (TSXV:CGP).

SolGold plc (LSE:SOLG) made an offer to acquire the remaining 95.2% stake in Cornerstone Capital Resources Inc. (TSXV:CGP) for approximately CAD 120 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age