Lake Victoria Gold Management
Management criteria checks 2/4
Lake Victoria Gold's CEO is Marc Cernovitch, appointed in Nov 2023, has a tenure of 1.08 years. total yearly compensation is CA$206.53K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 1.64% of the company’s shares, worth CA$280.59K. The average tenure of the management team and the board of directors is 1.8 years and 3.6 years respectively.
Key information
Marc Cernovitch
Chief executive officer
CA$206.5k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 1.1yrs |
| CEO ownership | 1.6% |
| Management average tenure | 1.8yrs |
| Board average tenure | 3.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$4m |
| Jun 30 2024 | n/a | n/a | -CA$4m |
| Mar 31 2024 | n/a | n/a | -CA$4m |
| Dec 31 2023 | CA$207k | CA$207k | -CA$3m |
| Sep 30 2023 | n/a | n/a | -CA$4m |
| Jun 30 2023 | n/a | n/a | -CA$4m |
| Mar 31 2023 | n/a | n/a | -CA$3m |
| Dec 31 2022 | CA$195k | n/a | -CA$3m |
| Sep 30 2022 | n/a | n/a | -CA$2m |
| Jun 30 2022 | n/a | n/a | -CA$3m |
| Mar 31 2022 | n/a | n/a | -CA$2m |
| Dec 31 2021 | CA$129k | n/a | -CA$2m |
Compensation vs Market: Marc's total compensation ($USD143.33K) is about average for companies of similar size in the Canadian market ($USD163.59K).
Compensation vs Earnings: Marc's compensation has increased whilst the company is unprofitable.
CEO
Marc Cernovitch (50 yo)
1.1yrs
Tenure
CA$206,532
Compensation
Mr. Marc Cernovitch serves as Chief Executive Officer of Lake Victoria Gold Ltd. (formerly known as Tembo Gold Corp.) since November 30, 2023. He served as Independent Director of Eat Well Investment Group...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CFO | 6.8yrs | CA$206.53k | 12.24% CA$ 2.1m | |
| CEO & Director | 1.1yrs | CA$206.53k | 1.64% CA$ 280.6k | |
| COO & Director | 1.1yrs | CA$13.43k | no data | |
| Managing Director of Tanzania | 1.1yrs | CA$279.52k | 5.33% CA$ 911.0k | |
| Exploration Manager | 2.9yrs | no data | no data | |
| Corporate Secretary | 2.4yrs | no data | no data |
1.8yrs
Average Tenure
69yo
Average Age
Experienced Management: LVG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CFO | 6.8yrs | CA$206.53k | 12.24% CA$ 2.1m | |
| CEO & Director | 13.3yrs | CA$206.53k | 1.64% CA$ 280.6k | |
| COO & Director | 1.1yrs | CA$13.43k | no data | |
| Managing Director of Tanzania | 13.4yrs | CA$279.52k | 5.33% CA$ 911.0k | |
| Member of Advisory Board | 3.6yrs | no data | no data | |
| Member of Advisory Board | 3.6yrs | no data | no data | |
| Member of Advisory Board | 3.3yrs | no data | no data | |
| Independent Director | 11yrs | CA$24.00k | 0.26% CA$ 43.7k | |
| Independent Director | less than a year | no data | no data |
3.6yrs
Average Tenure
60.5yo
Average Age
Experienced Board: LVG's board of directors are considered experienced (3.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 18:06 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Lake Victoria Gold Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ben Pirie | Atrium Research |