Oroco Resource Management

Management criteria checks 3/4

Oroco Resource's CEO is Richard Lock, appointed in Apr 2022, has a tenure of 2.67 years. total yearly compensation is CA$276.66K, comprised of 98.2% salary and 1.8% bonuses, including company stock and options. directly owns 0.041% of the company’s shares, worth CA$31.01K. The average tenure of the management team and the board of directors is 4.8 years and 4.8 years respectively.

Key information

Richard Lock

Chief executive officer

CA$276.7k

Total compensation

CEO salary percentage	98.2%
CEO tenure	2.7yrs
CEO ownership	0.04%
Management average tenure	4.8yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

We Think Oroco Resource (CVE:OCO) Needs To Drive Business Growth Carefully

Jan 20

Here's Why We're Watching Oroco Resource's (CVE:OCO) Cash Burn Situation

Oct 05

Here's Why We're Not Too Worried About Oroco Resource's (CVE:OCO) Cash Burn Situation

Oct 14

CEO Compensation Analysis

How has Richard Lock's remuneration changed compared to Oroco Resource's earnings?
Date	Total Compensation	Salary	Company Earnings
Aug 31 2024	n/a	n/a	-CA$4m
May 31 2024	CA$277k	CA$272k	-CA$3m
Feb 29 2024	n/a	n/a	-CA$3m
Nov 30 2023	n/a	n/a	-CA$3m
Aug 31 2023	n/a	n/a	-CA$4m
May 31 2023	CA$218k	CA$212k	-CA$5m
Feb 28 2023	n/a	n/a	-CA$7m
Nov 30 2022	n/a	n/a	-CA$7m
Aug 31 2022	n/a	n/a	-CA$7m
May 31 2022	CA$33k	CA$32k	-CA$8m

Compensation vs Market: Richard's total compensation ($USD196.72K) is about average for companies of similar size in the Canadian market ($USD169.21K).

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

CEO

Richard Lock

2.7yrs

Tenure

CA$276,661

Compensation

Mr. Richard Philip Lock, P. Eng, has been the Chief Executive Officer and a Director of Oroco Resource Corp. since April 2022. He served as Senior Vice President and Project Director at Poly Met Mining, In...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Craig Dalziel	Executive Chairman	15.3yrs	CA$116.50k	7% CA$ 5.3m
Richard Lock	CEO & Director	2.7yrs	CA$276.66k	0.041% CA$ 31.0k
Ian Graham	President & Director	4.8yrs	CA$175.00k	0.38% CA$ 289.5k
Steven Vanry	CFO & Director	15yrs	CA$79.00k	0.018% CA$ 14.0k
David Rose	Corporate Secretary	18.3yrs	CA$134.66k	3.96% CA$ 3.0m

4.8yrs

Average Tenure

Experienced Management: OCO's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Craig Dalziel	Executive Chairman	15.3yrs	CA$116.50k	7% CA$ 5.3m
Richard Lock	CEO & Director	2.7yrs	CA$276.66k	0.041% CA$ 31.0k
Ian Graham	President & Director	4.8yrs	CA$175.00k	0.38% CA$ 289.5k
Steven Vanry	CFO & Director	4yrs	CA$79.00k	0.018% CA$ 14.0k
Ian Rice	Independent Director	4.4yrs	CA$20.00k	no data
Stephen Leahy	Independent Director	18.1yrs	CA$5.00k	0.56% CA$ 422.5k
Robert Friesen	Independent Director	17.1yrs	CA$8.00k	0.15% CA$ 111.2k

4.8yrs

Average Tenure

68yo

Average Age

Experienced Board: OCO's board of directors are considered experienced (4.8 years average tenure).

Oroco Resource Management

Management criteria checks 3/4

Key information

Recent management updates

Oroco Resource Corp., Annual General Meeting, Dec 12, 2024

Oroco Resource Corp., Annual General Meeting, Dec 15, 2023

Less than half of directors are independent

Oroco Resource Corp., Annual General Meeting, Dec 16, 2022

Independent Director recently sold CA$87k worth of stock

Less than half of directors are independent

Recent updates

New major risk - Financial position

Oroco Resource Corp., Annual General Meeting, Dec 12, 2024

Price target increased by 25% to CA$2.00

Oroco Resource Corporation Announces Revised Preliminary Economic Assessment and Updated Mineral Resource Estimate for its Santo Tomas Project

Oroco Resource Corp. announced that it has received CAD 6 million in funding

Oroco Resource Corp. announced that it expects to receive CAD 6 million in funding

New major risk - Financial position

Oroco Resource Corp. announced that it expects to receive CAD 1.028 million in funding

Oroco Resource Corp. announced that it has received CAD 1.454303 million in funding from ATM Mining Corp.

Oroco Resource Corp. announced that it has received CAD 2.69194 million in funding

Oroco Resource Corp. announced that it expects to receive CAD 2.5 million in funding

New major risk - Financial position

New minor risk - Market cap size

Oroco Resource Corp., Annual General Meeting, Dec 15, 2023

Oroco Resource Corp. announced that it has received CAD 1.75 million in funding from ATM Mining Corp. and other investor

Oroco Resource Corp. Drills 187.9 M of 0.58% Cu Equivalent At Santo Tomas

We Think Oroco Resource (CVE:OCO) Needs To Drive Business Growth Carefully

Oroco Resource Corp. Announces Further Assay Results from North Zone Drilling Program at its Santo Tomas Project Located in Northwestern Mexico

Oroco Expands North Zone Drilling

Less than half of directors are independent

Oroco Resource Corp. Extends Strike with South Zone Drill Success

Oroco Resource Corp. Announces Continues Expansion of North Zone and Extends Strike Length at Brasiles

Oroco Resource Corp., Annual General Meeting, Dec 16, 2022

Independent Director recently sold CA$87k worth of stock

Oroco Resource Corp. Announces Assay Results from an Additional 3,594 M of Drilling from Holes N019 Through N026 of its Drilling Program in the North Zone of Its Santo Tomas Property Located in Northwestern Mexico

Here's Why We're Watching Oroco Resource's (CVE:OCO) Cash Burn Situation

Oroco Resource Corp Commences Pea and Mobilizes More Drills

Oroco Resource Corp. Successfully Tests Western Side of North Zone

Oroco Resource Corp. Announces Receipt of Additional Assay Results from Its Drilling Campaign At the Santo Tomas Property in Northwestern Mexico

Oroco Resource Corp. Resumes Drilling at Santo Tomas

Oroco Resource Corp. Announces the Results of the First Round of Exploration Drilling on the Brasiles Zone, Santo Tomas Property (The “Property”) in Northwestern Mexico

Less than half of directors are independent

Oroco Resource Corp. Announces Additional Assay Results from Its Drilling Campaign At the Santo Tomas Property

Less than half of directors are independent

Oroco Resource Corp. Announces Board Changes

Oroco Resource Corp. Provides Update on Santo Tomas Drilling

Oroco Resource Corp. Announces Initial Drilling At Santo Tomas Confirms Gradeshell Model

President & Director exercised options to buy CA$916k worth of stock.

Here's Why We're Not Too Worried About Oroco Resource's (CVE:OCO) Cash Burn Situation

Oroco Resource Corp Receives Approvals for Drill Programs

Oroco Resource Corp. Announces Receipt of the Final Data for Its Recently Completed 3D IP Geophysical Survey At Its Santo Tomas Project

Independent Chairman of the Board recently sold CA$150k worth of stock

Independent Director recently bought CA$50k worth of stock

Oroco Resource Corp. Announces Successful Completion of the Airborne Component of a Helicopter Magnetics Survey over the Santo Tomas Project

New 90-day high: CA$2.15

Independent Chairman of the Board recently sold CA$92k worth of stock

Oroco Resource Corp. Announces Significant 3D IP Survey Results

Independent Chairman of the Board recently sold CA$137k worth of stock

Independent Chairman of the Board recently sold CA$76k worth of stock

New 90-day high: CA$1.52

Oroco Resource Corp. Announces Progress with A Deep Three Dimensional Induced Polarization Geophysical Survey on the Santo Tomas Property, Mexico

New 90-day high: CA$1.31

Independent Chairman of the Board recently sold CA$50k worth of stock

Oroco Resource Corp. Completes Mobilization of Geophysics and Operations Personnel to the Santo Tomas Property

Oroco Resource Corp. announced that it has received CAD 7.26 million in funding from Elysee Development Corp., and other investors

New 90-day high: CA$1.12

New 90-day high - CA$0.87

New 90-day high - CA$0.75

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age