Independence Gold Management

Management criteria checks 3/4

Independence Gold's CEO is Randy Turner, appointed in Jul 2017, has a tenure of 6.83 years. total yearly compensation is CA$208.34K, comprised of 96.5% salary and 3.5% bonuses, including company stock and options. directly owns 3.17% of the company’s shares, worth CA$1.01M. The average tenure of the management team and the board of directors is 6.8 years and 12.5 years respectively.

Key information

Randy Turner

Chief executive officer

CA$208.3k

Total compensation

CEO salary percentage	96.5%
CEO tenure	6.8yrs
CEO ownership	3.2%
Management average tenure	6.8yrs
Board average tenure	12.5yrs

Recent management updates

Recent updates

Is Independence Gold (CVE:IGO) In A Good Position To Deliver On Growth Plans?

May 03

CEO Compensation Analysis

How has Randy Turner's remuneration changed compared to Independence Gold's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$4m
Sep 30 2023	n/a	n/a	-CA$3m
Jun 30 2023	n/a	n/a	-CA$2m
Mar 31 2023	n/a	n/a	-CA$2m
Dec 31 2022	CA$208k	CA$201k	-CA$2m
Sep 30 2022	n/a	n/a	-CA$9m
Jun 30 2022	n/a	n/a	-CA$9m
Mar 31 2022	n/a	n/a	-CA$9m
Dec 31 2021	CA$173k	CA$165k	-CA$9m
Sep 30 2021	n/a	n/a	-CA$3m
Jun 30 2021	n/a	n/a	-CA$3m
Mar 31 2021	n/a	n/a	-CA$2m
Dec 31 2020	CA$120k	CA$111k	-CA$1m
Sep 30 2020	n/a	n/a	-CA$974k
Jun 30 2020	n/a	n/a	-CA$972k
Mar 31 2020	n/a	n/a	-CA$1m
Dec 31 2019	CA$157k	CA$139k	-CA$2m
Sep 30 2019	n/a	n/a	-CA$2m
Jun 30 2019	n/a	n/a	-CA$3m
Mar 31 2019	n/a	n/a	-CA$3m
Dec 31 2018	CA$102k	CA$102k	-CA$2m
Sep 30 2018	n/a	n/a	-CA$2m
Jun 30 2018	n/a	n/a	-CA$2m
Mar 31 2018	n/a	n/a	-CA$2m
Dec 31 2017	CA$264k	CA$187k	-CA$3m

Compensation vs Market: Randy's total compensation ($USD152.30K) is about average for companies of similar size in the Canadian market ($USD175.48K).

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

CEO

Randy Turner (74 yo)

6.8yrs

Tenure

CA$208,341

Compensation

Mr. Randy Christopher Turner, B.Sc., P.Geo., served as Chairman of the Board at Canterra Minerals Corporation since December 2020 until June 2023 and served as its Independent Director from March 30, 1999...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Randy Turner	President	6.8yrs	CA$208.34k	3.17% CA$ 1.0m
Harry Chan	CFO & Corporate Secretary	6.4yrs	CA$72.00k	0% CA$ 0
David Pawliuk	Advisor	no data	no data	no data

6.8yrs

Average Tenure

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Randy Turner	President	12.5yrs	CA$208.34k	3.17% CA$ 1.0m
Terrance Salman	Independent Director	7.3yrs	CA$6.00k	0.12% CA$ 38.0k
Darcy Marud	Independent Director	6.5yrs	CA$6.00k	no data
Louis Montpellier	Independent Director	12.5yrs	CA$9.00k	0.041% CA$ 13.0k
Michael McPhie	Independent Director	12.5yrs	CA$9.00k	0.16% CA$ 49.4k

12.5yrs

Average Tenure

69yo

Average Age

Experienced Board: IGO's board of directors are seasoned and experienced ( 12.5 years average tenure).

Independence Gold Management

Management criteria checks 3/4

Key information

Recent management updates

Independence Gold Corp. Announces John McDonald Elects Not to Run as Director

Independence Gold Corp., Annual General Meeting, Nov 02, 2023

President exercised options to buy CA$78k worth of stock.

Insufficient new directors

Independence Gold Corp., Annual General Meeting, Nov 02, 2022

Insufficient new directors

Recent updates

Is Independence Gold (CVE:IGO) In A Good Position To Deliver On Growth Plans?

Independence Gold Corp. Announces Assay Results from the Fall Trenching Program At Its 100% Owned 3Ts Project as Well as the Staking of 36.40 Square Kilometres ("Km2") of Mineral Tenure Immediately Adjacent to the Southern Boundary of the Project

Independence Gold Corp. Announces the First Assay Results from Drilling Carried Out on the Mint Vein System at its 100% Owned 3Ts Project

Independence Gold Corp. announced that it has received CAD 1 million in funding

Independence Gold Corp. announced that it expects to receive CAD 1 million in funding

New major risk - Shareholder dilution

Independence Gold Corp. announced that it has received CAD 2.6 million in funding

Independence Gold Corp. Announces John McDonald Elects Not to Run as Director

Independence Gold Corp. announced that it expects to receive CAD 1.5 million in funding

Independence Gold Commences 2,000 Metre Drill Program At the 3Ts Project, BC

Independence Gold Corp., Annual General Meeting, Nov 02, 2023

Independence Gold Corp. Independence Gold Intersects 5.50 Metres Grading 3.17 G/T Gold and 85.64 G/T Silver and Discovers Copper Mineralization At the 3Ts Project, Bc

Independence Gold Corp. Announces Assay Results from Ian Vein Discovered During its 4,000 Metre Drill Program at its 100% Owned 3Ts Project

Independence Gold Corp. announced that it expects to receive CAD 1.5 million in funding

President exercised options to buy CA$78k worth of stock.

Independence Gold Corp. Discovers New Veins returning up to 7.71 g/t Gold and 253 g/t Silver atthe 3Ts Project, BC

Independence Gold Corp. announced that it has received CAD 1.6 million in funding

Independence Gold Corp. announced that it expects to receive CAD 1.3 million in funding

Independence Gold Corp. announced that it expects to receive CAD 1.3 million in funding

Insufficient new directors

Independence Gold Corp. Commences Fall Exploration at the 3Ts Project, BC

Independence Gold Corp., Annual General Meeting, Nov 02, 2022

Independence Gold Corp. Announces the Final Assay Results from Its 4,200 Metre Winter Drill Program At Its 100% Owned 3Ts Project

Independence Gold Corp. Announces Additional Assay Results from Winter Drill Program At Its 100% Owned 3Ts Project

Independence Gold Intersects 30.10 Metres Grading 4.99 G/T Gold and 53.3 G/T Silver from the Tommy Vein At the 3Ts Project, BC

Insufficient new directors

Independence Gold Commences 4,200 Metre Drill Program At 3Ts Project, BC

Independence Gold Corp. announced that it expects to receive CAD 1.5 million in funding

Independence Gold Corp. Gives Exploration Update At the 3Ts Property, BC

Independence Gold Corp. Intersects 36.15 Metres Grading 4.48 g/t Gold and 61.64 g/t Silver at the 3Ts Property, BC

Bullet Exploration Inc. (TSXV:AMMO) completed the acquisition of Anita Property in British Columbia from Independence Gold Corp. (TSXV:IGO).

Independence Gold Intersects 37.00 Metres Grading 2.45 G/T Gold and 29.36 G/T Silver from the Tommy Vein and Provides Exploration Update at the 3Ts Property, BC

Independence Gold Corp. Recovers Up to 97.9% Gold from 3Ts Property, British Columbia

Independence Gold Corp. Commences Drilling At 3Ts Project, B.C

Independence Gold Corp. Reports Assay Results from Two Drillholes Completed on Its 100% Owned 3Ts Project

Independence Gold Corp Reports Assay Results from the First Two Drillholes of A Ten Hole, 2,034 Metre Diamond Drilling Program Recently Completed on Its 100% Owned 3Ts Project

Independence Gold Corp Commences Exploration Work on the Merit and Nicoamen Properties

Independence Gold Corp. Announces Grades of Up to 7.69 g/t Gold and 447 g/t Silver at Surface on the Merit Property, British Columbia

Independence Gold Corp. announced that it has received CAD 1 million in funding from Goldcorp Inc.

Independence Gold Corp. announced that it expects to receive CAD 1 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age