Lavras Gold Management

Management criteria checks 2/4

Lavras Gold's CEO is Mike Durose, appointed in Apr 2022, has a tenure of 2.58 years. total yearly compensation is CA$175.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth CA$532.09K. The average tenure of the management team and the board of directors is 2.6 years and 2.6 years respectively.

Key information

Mike Durose

Chief executive officer

CA$175.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	2.6yrs
CEO ownership	0.4%
Management average tenure	2.6yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

Here's Why We're Not Too Worried About Lavras Gold's (CVE:LGC) Cash Burn Situation

Aug 18

Lavras Gold (CVE:LGC) Is In A Good Position To Deliver On Growth Plans

Mar 01

CEO Compensation Analysis

How has Mike Durose's remuneration changed compared to Lavras Gold's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CA$3m
Mar 31 2024	n/a	n/a	-CA$2m
Dec 31 2023	CA$175k	CA$175k	-CA$2m
Sep 30 2023	n/a	n/a	-CA$2m
Jun 30 2023	n/a	n/a	-CA$2m
Dec 31 2022	CA$120k	CA$120k	-CA$2m

Compensation vs Market: Mike's total compensation ($USD125.68K) is about average for companies of similar size in the Canadian market ($USD172.36K).

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

CEO

Mike Durose (58 yo)

2.6yrs

Tenure

CA$175,000

Compensation

Mr. Michael Christopher Durose, also known as Mike, is the President & CEO at Lavras Gold Corp. since April 21, 2022 and its Director since April 18, 2022. He is the Founder of HanOcci Group Inc and also s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Durose	President	2.6yrs	CA$175.00k	0.40% CA$ 532.1k
Hemdat Sawh	CFO & Corporate Secretary	2.6yrs	CA$150.00k	0.58% CA$ 766.8k
Naomi Nemeth	Vice President of Investor Relations	1.8yrs	no data	no data

2.6yrs

Average Tenure

64yo

Average Age

Experienced Management: LGC's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Durose	President	2.6yrs	CA$175.00k	0.40% CA$ 532.1k
Lawrence Lepard	Independent Director	2.6yrs	CA$10.00k	1.83% CA$ 2.4m
Rowland Uloth	Independent Chairman	2.6yrs	CA$10.00k	2.56% CA$ 3.4m
Rostislav Raykov	Independent Director	2.6yrs	CA$10.00k	10.71% CA$ 14.1m
Michael Mutchler	Director	3yrs	CA$40.00k	1.75% CA$ 2.3m
David Birkett	Independent Director	2.6yrs	CA$10.00k	1.58% CA$ 2.1m
Jonathan Hill	Independent Director	1.3yrs	CA$5.00k	0.0023% CA$ 3.1k

2.6yrs

Average Tenure

61yo

Average Age

Experienced Board: LGC's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

Lavras Gold Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Director recently bought CA$340k worth of stock

Independent Chairman recently bought CA$123k worth of stock

Independent Director recently bought CA$340k worth of stock

Independent Director recently bought CA$87k worth of stock

Independent Director recently bought CA$93k worth of stock

Independent Director recently bought CA$63k worth of stock

Recent updates

Independent Director recently bought CA$340k worth of stock

Independent Chairman recently bought CA$123k worth of stock

Independent Director recently bought CA$340k worth of stock

Lavras Gold Corp. Intersects 2.9 G/T Gold over 59 Metres at Fazenda Do Posto Gold Target, LDS Project, Southern Brazil and Provides an Exploration Update

New major risk - Financial position

Here's Why We're Not Too Worried About Lavras Gold's (CVE:LGC) Cash Burn Situation

Independent Director recently bought CA$87k worth of stock

Independent Director recently bought CA$93k worth of stock

Independent Director recently bought CA$63k worth of stock

Independent Director recently bought CA$159k worth of stock

Independent Director recently bought CA$57k worth of stock

Independent Director recently bought CA$480k worth of stock

Lavras Gold Corp., Annual General Meeting, Jun 12, 2024

Independent Chairman recently bought CA$62k worth of stock

Independent Director recently bought CA$274k worth of stock

Lavras Gold (CVE:LGC) Is In A Good Position To Deliver On Growth Plans

Independent Director recently bought CA$96k worth of stock

Lavras Gold Corp. Intersects 1.1 g/t Gold Over 154 Metres from Surface at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update

Lavras Gold Corp. Intersects 1.1 g/t Gold Over 154 Metres from Surface at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update

Independent Chairman recently bought CA$55k worth of stock

Independent Director recently bought CA$114k worth of stock

Lavras Gold Corp. Reports Follow Up Drilling at the Fazenda Do Posto Discovery on the Company's LDS Project in Southern Brazil

Lavras Gold Corp. Reports Follow Up Drilling at the Fazenda Do Posto Discovery on the Company's LDS Project in Southern Brazil

Independent Director recently bought CA$93k worth of stock

Lavras Gold Provides Exploration Update for LDS Project

Lavras Gold Corp. announced that it has received CAD 13.697973 million in funding

New minor risk - Shareholder dilution

Lavras Gold Corp. announced that it expects to receive CAD 10.8 million in funding

Lavras Gold Corp. Drilling At the New Fazenda Do Posto Discovery on the Company's LDS Project in Southern Brazil

Lavras Gold Corp. Announces Two New Gold Discovery, as Well as the Expansion of Zeca Souza

Lavras Gold Corp. Continues with Exploration Success at the Zeca Souza Discovery on its LDS Project in Southern Brazil

Lavras Gold Corp. Elects Jonathan Hill as Director

High number of new and inexperienced directors

Lavras Gold Corp. Announces Fourth New Gold Discovery Features 4.63 G/T Gold over 10 Metres Including 11.70 G/T Gold over 3 Metres

Lavras Gold Corp., Annual General Meeting, Jul 18, 2023

Lavras Gold Makes New High-Grade Discovery At LDS

Lavras Gold Corp. Discovers New Gold Deposit At LDS Project in Brazil

Lavras Gold’s Zeca Souza Drilling Returns Bonanza Gold Grades

Lavras Gold Corp. Files NI 43-101 Report for Cerrito Gold Prospect

Lavras Gold Corp. Announces Mineral Resource Estimate for Cerrito Prospect

Insufficient new directors

Lavras Gold Corp. to Fly Drone Aeromagnetic Survey At Lavras do Sul Project

Insufficient new directors

Lavras Gold Corp. Appoints Michael Durose as Chief Executive Officer

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age