Goldgroup Mining Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Ralph Shearing

Chief executive officer

US$161.6k

Total compensation

CEO salary percentage	18.3%
CEO tenure	1.1yrs
CEO ownership	0.1%
Management average tenure	no data
Board average tenure	3.9yrs

Recent management updates

Recent updates

Goldgroup Mining Inc.'s (CVE:GGA) Shares Bounce 33% But Its Business Still Trails The Industry

Nov 02

Goldgroup Mining Inc. (CVE:GGA) Stock Catapults 143% Though Its Price And Business Still Lag The Industry

Sep 01

CEO Compensation Analysis

How has Ralph Shearing's remuneration changed compared to Goldgroup Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$383k
Mar 31 2024	n/a	n/a	-US$6m
Dec 31 2023	US$162k	US$30k	-US$7m

Compensation vs Market: Ralph's total compensation ($USD161.58K) is about average for companies of similar size in the Canadian market ($USD169.13K).

Compensation vs Earnings: Insufficient data to compare Ralph's compensation with company performance.

CEO

Ralph Shearing (67 yo)

1.1yrs

Tenure

US$161,581

Compensation

Mr. Ralph Edward Shearing, B. Sc., P. Geol., serves as Chief Executive Officer at Goldgroup Mining Inc. since October 01, 2023. He served as Chief Executive Officer of Luca Mining Corp. (formerly known as...

Board Members

Name	Position	Tenure	Compensation	Ownership
Anthony Balic	CFO, Company Secretary & Director	3.9yrs	US$156.97k	no data
Paul Zweng	Member of Advisory Board	12.5yrs	US$7.50k	no data
Corry Silbernagel	Independent Director	14.5yrs	US$63.19k	0.34% CA$ 34.4k
Roberto Guzman Garcia	Independent Director	less than a year	no data	no data
Lloyd Jordan	Independent Director	3.9yrs	US$55.06k	no data

3.9yrs

Average Tenure

53yo

Average Age

Experienced Board: GGA's board of directors are considered experienced (3.9 years average tenure).

Goldgroup Mining Management

Management criteria checks 2/4

Key information

Recent management updates

Goldgroup Mining Inc., Annual General Meeting, Sep 26, 2024

Goldgroup Mining Inc. Announces Resignation of Javier Reyes from the Board of Directors

Goldgroup Mining Inc. Announces Board Changes

Insufficient new directors

Goldgroup Mining Inc. Announces Chief Executive Officer Changes

Goldgroup Mining Inc. Announces Executive Changes

Recent updates

Goldgroup Mining Inc. announced that it has received CAD 0.175 million in funding

Goldgroup Mining Inc.'s (CVE:GGA) Shares Bounce 33% But Its Business Still Trails The Industry

Goldgroup Mining Inc. Shares Recent Positive Metallurgical Testing Results for Esperanza and Neuva Esperanza Zones At Cerro Prieto Mine Located Near Magdelana, Sonora State, Mexico

New major risk - Shareholder dilution

Goldgroup Mining Inc. announced that it has received CAD 0.27 million in funding

Goldgroup Mining Inc. announced that it has received CAD 0.775 million in funding

Goldgroup Mining Inc. (CVE:GGA) Stock Catapults 143% Though Its Price And Business Still Lag The Industry

Goldgroup Mining Inc. announced that it expects to receive CAD 1 million in funding

Goldgroup Mining Inc. (TSXV:GGA) agreed to acquire Minera Apolo S.A. de C.V. from a group of creditors for $3.2 million.

Goldgroup Mining Inc., Annual General Meeting, Sep 26, 2024

New major risk - Financial position

Goldgroup Mining Inc. announced that it has received $1.85 million in funding

Goldgroup Mining Inc. Announces Resignation of Javier Reyes from the Board of Directors

Goldgroup Mining Inc. Announces Board Changes

Goldgroup Mining Inc. announced that it expects to receive $0.4 million in funding

Insufficient new directors

New major risk - Financial position

Goldgroup Mining Inc. (TSX:GGA) signed an agreement to acquire Minera Cerro Esperanza S.A de C.V from Sail Natural Resources, LP.

Goldgroup Mining Inc. Announces Chief Executive Officer Changes

Goldgroup Mining Inc. announced that it has received $2.16 million in funding

New major risk - Shareholder dilution

Goldgroup Mining Inc. announced that it has received CAD 0.57 million in funding

Goldgroup Mining Inc. announced that it expects to receive CAD 0.57 million in funding

Goldgroup Mining Inc. Announces Executive Changes

Second quarter 2022 earnings released: US$0.004 loss per share (vs US$0.01 profit in 2Q 2021)

First quarter 2022 earnings released: US$0.004 loss per share (vs US$0.002 loss in 1Q 2021)

Goldgroup Mining Inc., Annual General Meeting, Jun 28, 2022

Goldgroup Mining Inc. announced that it expects to receive CAD 0.63 million in funding

Full year 2021 earnings released: US$0.005 loss per share (vs US$0.006 loss in FY 2020)

Is Goldgroup Mining (TSE:GGA) Using Debt Sensibly?

Third quarter 2021 earnings released: US$0.007 loss per share (vs US$0.007 loss in 3Q 2020)

Is Goldgroup Mining (TSE:GGA) A Risky Investment?

A Look At The Fair Value Of Goldgroup Mining Inc. (TSE:GGA)

Second quarter 2021 earnings released: EPS US$0.01 (vs US$0.001 loss in 2Q 2020)

First quarter 2021 earnings released: US$0.002 loss per share (vs US$0.001 loss in 1Q 2020)

Full year 2020 earnings released: US$0.006 loss per share (vs US$0.021 loss in FY 2019)

Goldgroup Mining Inc. Announces Board Changes

Third quarter 2020 earnings released: US$0.007 loss per share

Goldgroup Mining Inc., Annual General Meeting, Dec 22, 2020

Goldgroup Mining Inc. announced that it has received CAD 0.8 million in funding

First half earnings released

Goldgroup Mining Inc. announced that it expects to receive CAD 0.8 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age