Gold Basin Resources Management

Management criteria checks 2/4

Gold Basin Resources' CEO is Colin Smith, appointed in Jan 2023, has a tenure of 1.83 years. total yearly compensation is CA$214.59K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth CA$9.63K. The average tenure of the management team and the board of directors is 1.8 years and 4 years respectively.

Key information

Colin Smith

Chief executive officer

CA$214.6k

Total compensation

CEO salary percentage	100.0%
CEO tenure	1.8yrs
CEO ownership	0.3%
Management average tenure	1.8yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Colin Smith's remuneration changed compared to Gold Basin Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CA$2m
Mar 31 2024	n/a	n/a	-CA$2m
Dec 31 2023	CA$215k	CA$215k	-CA$2m

Compensation vs Market: Colin's total compensation ($USD153.48K) is about average for companies of similar size in the Canadian market ($USD167.77K).

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

CEO

Colin Smith

1.8yrs

Tenure

CA$214,586

Compensation

Mr. Colin M. Smith is Chief Executive Officer of Gold Basin Resources Corporation from January 9, 2023. He served as Vice President of Exploration at ValOre Metals Corp. since March 2021 until May 2024. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Colin Smith	Chief Executive Officer	1.8yrs	CA$214.59k	0.28% CA$ 9.6k
Charles Straw	President & Executive Director	3.7yrs	CA$165.07k	3.37% CA$ 113.8k
Mark Lotz	CFO & Corporate Secretary	less than a year	CA$51.83k	no data
Kevin Rafferty	Senior Geologist	1.8yrs	no data	no data

1.8yrs

Average Tenure

Experienced Management: GXX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Straw	President & Executive Director	4.3yrs	CA$165.07k	3.37% CA$ 113.8k
Anthony Balic	Independent Director	less than a year	no data	no data
Grant Duddle	Independent Non-Executive Director	4yrs	CA$37.83k	0.58% CA$ 19.7k

4.0yrs

Average Tenure

Experienced Board: GXX's board of directors are considered experienced (4 years average tenure).

Gold Basin Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Gold Basin Resources Corporation Announces Resignation of Michael Povey from Board of Directors

Gold Basin Resources Corporation, Annual General Meeting, Mar 15, 2024

Less than half of directors are independent

Gold Basin Resources Corporation, Annual General Meeting, Jan 12, 2023

Independent Chairman recently bought CA$270k worth of stock

High number of new and inexperienced directors

Recent updates

Gold Basin Resources Corporation Announces Resignation of Michael Povey from Board of Directors

New major risk - Share price stability

Gold Basin Resources Corporation Completes Resource Expansion Drill Program At Gold Basin Project, and Reports Additional Oxide Gold Intercepts from Stealth Deposit

New major risk - Financial position

Gold Basin Resources Corporation announced that it has received CAD 1.52203 million in funding

Gold Basin Resources Corporation, Annual General Meeting, Mar 15, 2024

New major risk - Financial position

Less than half of directors are independent

Gold Basin Resources Corporation Reports Final Soil Assays, Further Debuting Regional Undrilled Gold Anomalies Which Remains Open for Extension

Gold Basin Resources Corporation announced that it has received CAD 0.96335 million in funding

Gold Basin Resources Corporation announced that it expects to receive CAD 0.5 million in funding

Gold Basin Resources Corporation Reports Initial Soil and Rock Assays Collected During Second Quarter 2023 Sampling and Prospecting Program At Gold Basin Oxide Gold Project in North-Western Arizona

Gold Basin Resources Corporation Announces 5,000M Minimum Phase 2 Resource Definition Drill Program Will Be Commencing Immediately At Its 100%-Owned Gold Basin Oxide Gold Project in North-Western Arizona

Gold Basin Resources Corporation, Annual General Meeting, Jan 12, 2023

Gold Basin Resources Corporation announced that it expects to receive CAD 1.25 million in funding

Independent Chairman recently bought CA$270k worth of stock

High number of new and inexperienced directors

Gold Basin Resources Corporation Reports Summary of an Extensive Review of Multiple Sets of Geophysical Data

Gold Basin Resources Corporation, Annual General Meeting, Dec 15, 2022

Gold Basin Confirms New Drill Targets At Red Cloud Deposit from Historical Drill Data Review

Gold Basin Resources Corporation Report on Its Column Leach Metallurgical Testwork Conducted by Kappes Cassiday & Associates in Reno, Nevada

Gold Basin Resources Corporation Provide an Update on the Maiden Drill Program on its Stealth Deposit at the Gold Basin Oxide Gold Project in North-West Arizona

High number of new and inexperienced directors

Gold Basin Resources Corp. Provides Update on the Ongoing Phase Ii Drilling Program At Cyclopic Deposit

Gold Basin Resources Corporation Announces Metallurgy Testwork Confirms Excellent Gold Recoveries at Cyclopic Area of Gold Basin Project

Gold Basin Resources Corporation Starts ~10,000M Drilling Program at its 100%-Owned Gold Basin Oxide Gold Project in North-Western Arizona

High number of new and inexperienced directors

High number of new and inexperienced directors

Gold Basin Resources Corporation announced that it has received CAD 5.39567 million in funding

Gold Basin Resources Corporation announced that it expects to receive CAD 3.01 million in funding

Gold Basin Resources Corporation Announces Drilling and Modelling Showcase Flat Lying and Shallow Nature of Gold Mineralization at Gold Basin Project

Gold Basin Resources Corporation Completes Diamond Drilling Program At the Cyclopic and Stealth Deposits Located Within Its 100%-Owned Gold Basin Oxide Gold Project, Located in North-Western Arizona

Gold Basin Resources Corporation Receives Final Assays with High Grade from Surface of 9.1M At 3.5 G/T Gold

Gold Basin Resources Corporation Provides Update on Gold Basin Project Drilling

Gold Basin Resources Corporation Announces Executive Changes

Gold Basin Resources Corporation Project Drilling Continues to Deliver Strong Results

Gold Basin Resources Corporation Announces Filing of Initial Technical Report on Gold Basin Property

Gold Basin Resources Corporation Announces the Initial Drilling Results for the Phase 1 Drilling Program At the Cyclopic Area

Gold Basin Resources Corporation Announces Executive Changes

New 90-day low: CA$0.28

Gold Basin Resources Corporation Announces Board Changes

Gold Basin Resources Corporation Announces Drilling Commences At Gold Basin Project, Arizona

New 90-day low: CA$0.30

Gold Basin Resources Corporation Forms an Advisory Board with John Robins and Jim Paterson as Its Initial Members

Gold Basin Resources Corporation Completes 10 Day Exploration Program on Its Consortium Project Mineral Property, Located Approximately 35 Kilometres South of the Town of Sayward in the Nanaimo Mining Division, British Columbia

Fiorentina Minerals Inc. (CNSX:FLO) completed the acquisition of 49.99% stake in Gold Basin project from Aurum Exploration Inc.

Fiorentina Minerals Inc. (CNSX:FLO) completed the acquisition of 25% stake in Gold Basin project from Greenvale Energy Limited (ASX:GRV).

Fiorentina Minerals Inc. (CNSX:FLO) agreed to acquire 25% stake in Gold Basin project from Greenvale Energy Limited (ASX:GRV) for AUD 2.3 million.

Fiorentina Minerals Inc. announced that it has received CAD 4.729565 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure