Luminex Resources Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Marshall Koval

Chief executive officer

US$180.9k

Total compensation

CEO salary percentage	76.4%
CEO tenure	5.4yrs
CEO ownership	1.6%
Management average tenure	no data
Board average tenure	5.4yrs

Recent management updates

Recent updates

Can Luminex Resources (CVE:LR) Afford To Invest In Growth?

Aug 15

Luminex Resources (CVE:LR) Will Have To Spend Its Cash Wisely

Sep 08

Here's Why We're A Bit Worried About Luminex Resources' (CVE:LR) Cash Burn Situation

Jan 28

Is Luminex Resources (CVE:LR) In A Good Position To Invest In Growth?

Sep 21

We're Keeping An Eye On Luminex Resources' (CVE:LR) Cash Burn Rate

Feb 22

CEO Compensation Analysis

How has Marshall Koval's remuneration changed compared to Luminex Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-US$10m
Jun 30 2023	n/a	n/a	-US$12m
Mar 31 2023	n/a	n/a	-US$11m
Dec 31 2022	US$181k	US$138k	-US$10m
Sep 30 2022	n/a	n/a	-US$10m
Jun 30 2022	n/a	n/a	-US$10m
Mar 31 2022	n/a	n/a	-US$11m
Dec 31 2021	US$192k	US$141k	-US$13m
Sep 30 2021	n/a	n/a	-US$13m
Jun 30 2021	n/a	n/a	-US$12m
Mar 31 2021	n/a	n/a	-US$11m
Dec 31 2020	US$196k	US$140k	-US$10m
Sep 30 2020	n/a	n/a	-US$11m
Jun 30 2020	n/a	n/a	-US$11m
Mar 31 2020	n/a	n/a	-US$11m
Dec 31 2019	US$188k	US$133k	-US$9m
Sep 30 2019	n/a	n/a	-US$11m
Jun 30 2019	n/a	n/a	-US$25m
Dec 31 2018	US$96k	US$41k	-US$23m

Compensation vs Market: Marshall's total compensation ($USD180.90K) is about average for companies of similar size in the Canadian market ($USD180.56K).

Compensation vs Earnings: Marshall's compensation has been consistent with company performance over the past year.

CEO

Marshall Koval (65 yo)

5.4yrs

Tenure

US$180,903

Compensation

Mr. Marshall A. Koval, P.G., serves as Chief Executive Officer at Luminex Resources Corp. and has been its Director since August 27, 2018. He also serves as Chairman of Board at Luminex Resources Corp. He...

Board Members

Name	Position	Tenure	Compensation	Ownership
Marshall Koval	Chairman & CEO	5.4yrs	US$180.90k	1.56% CA$ 486.9k
Lyle Braaten	VP, Legal Counsel & Director	5.8yrs	US$97.84k	0.62% CA$ 193.4k
John Wright	Independent Director	5.4yrs	US$13.13k	0.43% CA$ 135.1k
David Farrell	Independent Director	5.4yrs	US$13.13k	0.16% CA$ 48.8k
Donald Shumka	Independent Director	5.4yrs	US$13.13k	0.23% CA$ 70.6k

5.4yrs

Average Tenure

65yo

Average Age

Experienced Board: LR's board of directors are considered experienced (5.4 years average tenure).

Luminex Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Luminex Resources Corp., Annual General Meeting, Dec 13, 2022

Insufficient new directors

Insufficient new directors

Recent updates

Adventus Mining Corporation (TSXV:ADZN) completed the acquisition of Luminex Resources Corp. (TSXV:LR) from Ross J. Beaty and others for CAD 41.7 million.

Luminex Resources Shares to be De-Listed from the TSX Venture Exchange

Adventus Mining Corporation (TSXV:ADZN) entered into an arrangement agreement to acquire Luminex Resources Corp. (TSXV:LR) for CAD 41.4 million.

Luminex Resources Corp. Announces Positive Results from its Metallurgical Test Program at the Los Cuyes Deposit

Can Luminex Resources (CVE:LR) Afford To Invest In Growth?

Luminex Resources Corp. Extends Cuyes West over 200 Metres At Depth

Luminex Resources Corp. Hits Long High-Grade Intercept in New Breccia Pipe At Cuyes

Luminex Resources Corp. announced that it has received CAD 12.5 million in funding

Luminex Resources Corp. announced that it expects to receive CAD 12.5 million in funding

Luminex Resources Corp. Announces Drill Results from Six Holes (CU22-10 to CU22-15) At Cuyes West

Luminex Resources Corp. Announces Drill Results from Six Holes At the Camp Deposit, Part of the Condor North Project Area

Luminex Continues to Expand Cuyes West High-Grade Underground Mineralization; 7.0 Metres of 12.2 G/T Au Eq

Luminex Resources Corp. Announces Positive Exploration Drilling Results for Copper At El Hito and Orquideas

Insufficient new directors

Luminex Resources Corp. Provides an Update on Camp Deposit

Luminex Resources Corp. Intercepts 5.0 Metres of 30.5 g/t Au Eq in the New Ruiz Structure at Condor North

Luminex Resources Corp., Annual General Meeting, Dec 13, 2022

Luminex Confirms Cuyes West Mineralization with Step-out Drilling and Discovers New Structure

Luminex Resources (CVE:LR) Will Have To Spend Its Cash Wisely

Luminex Resources Corp. Provides Tarqui Update and Drill Results

Luminex Resources Corp. Expedites Drilling at the El Hito Copper-Molybdenum Porphyry Target at Central Condor

Luminex Resources Corp. Resumes Drilling At Condor North

Insufficient new directors

Luminex Resources Corp. (TSXV:LR) entered into a binding agreement to acquire Chalapo Concessions in Loja, Ecuador from Corporación Nacional del Cobre de Chile for $0.06 million.

Luminex Resources Corp. (TSXV:LR) entered into a binding agreement to acquire Chalapo Concessions in Loja, Ecuador from Corporación Nacional del Cobre de Chile for $0.06 million.

Luminex Resources Corp. announced that it expects to receive CAD 7.98 million in funding

Luminex Resources Corp. Commences Drilling the First Hole At Orquideas as Part of the Jogmec Earn-In on the Project

Luminex Resources Corp. Announces Update on Activities at Condor Project

Here's Why We're A Bit Worried About Luminex Resources' (CVE:LR) Cash Burn Situation

Luminex Resources Corp. Announces Discovery of A New Porphyry Copper Target At Cascas Property

Is Luminex Resources (CVE:LR) In A Good Position To Invest In Growth?

Insufficient new directors

Luminex Provides an Update on the Condor and Cascas Projects

Luminex Announces Upcoming Drill Program at the Nayumbi Gold-Silver Discovery

Luminex Resources Corp. announced that it has received CAD 12.50064 million in funding

Luminex Announces Commencement of Drilling at Two Copper Focused Properties

New 90-day high: CA$0.75

We're Keeping An Eye On Luminex Resources' (CVE:LR) Cash Burn Rate

Luminex Expands Cascas Porphyry Copper-Molybdenum Anomaly, Discovers New Kuru Gold Zone and Advances Shakai to Drill Stage

New 90-day low: CA$0.65

Luminex Resources Corp. Commences Condor PEA and Intercepts 4.0 Meters of 7.1 g/t Gold at the Camp Deposit

New 90-day low: CA$0.66

New 90-day low: CA$0.75

New 90-day low: CA$0.80

Luminex Resources Corp. Releases Soledad Baja Drilling Results for Holes SO20-01 to SO20-05

New 90-day high - CA$1.05

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age