Peruvian Metals Management

Management criteria checks 2/4

Peruvian Metals' CEO is Jeff Reeder, appointed in Sep 2009, has a tenure of 15.17 years. directly owns 8.26% of the company’s shares, worth CA$208.48K. The average tenure of the management team and the board of directors is 15.2 years and 14.3 years respectively.

Key information

Jeff Reeder

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	15.2yrs
CEO ownership	8.3%
Management average tenure	15.2yrs
Board average tenure	14.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Reeder's remuneration changed compared to Peruvian Metals's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CA$479k
Mar 31 2024	n/a	n/a	-CA$181k
Dec 31 2023	n/a	n/a	-CA$313k
Sep 30 2023	n/a	n/a	-CA$408k
Jun 30 2023	n/a	n/a	-CA$481k
Mar 31 2023	n/a	n/a	-CA$80k
Dec 31 2022	CA$240k	CA$180k	-CA$332k
Sep 30 2022	n/a	n/a	-CA$543k
Jun 30 2022	n/a	n/a	-CA$450k
Mar 31 2022	n/a	n/a	-CA$1m
Dec 31 2021	CA$231k	CA$120k	-CA$1m
Sep 30 2021	n/a	n/a	-CA$572k
Jun 30 2021	n/a	n/a	-CA$613k
Mar 31 2021	n/a	n/a	-CA$448k
Dec 31 2020	CA$122k	CA$115k	CA$444k
Sep 30 2020	n/a	n/a	CA$323k
Jun 30 2020	n/a	n/a	CA$187k
Mar 31 2020	n/a	n/a	CA$245k
Dec 31 2019	CA$210k	CA$180k	-CA$1m
Sep 30 2019	n/a	n/a	-CA$1m
Jun 30 2019	n/a	n/a	-CA$1m
Mar 31 2019	n/a	n/a	-CA$2m
Dec 31 2018	CA$189k	CA$173k	-CA$1m
Sep 30 2018	n/a	n/a	-CA$1m
Jun 30 2018	n/a	n/a	-CA$1m
Mar 31 2018	n/a	n/a	-CA$2m
Dec 31 2017	CA$135k	CA$135k	-CA$2m

Compensation vs Market: Insufficient data to establish whether Jeff's total compensation is reasonable compared to companies of similar size in the Canadian market.

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

CEO

Jeff Reeder

15.2yrs

Tenure

CA$240,000

Compensation

Mr. Jeffrey J. Reeder, B.Sc., P.Geo., also known as Jeff, has been Member of Technical Advisory Board at Interra Copper Corp. (formerly known as IMC International Mining Corp.) since April 2020. He served...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Reeder	Chairman	15.2yrs	CA$240.00k	8.26% CA$ 208.5k
Justin Timms	CFO & Corporate Secretary	5.3yrs	CA$68.00k	no data
Carmen Yuen	Treasurer	16.9yrs	CA$59.86k	no data
Joe Brunelle	Consultant	no data	CA$27.63k	no data

15.2yrs

Average Tenure

Experienced Management: PER's management team is seasoned and experienced (15.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Reeder	Chairman	18.3yrs	CA$240.00k	8.26% CA$ 208.5k
Steven Brunelle	Independent Director	14.3yrs	CA$4.00k	2.39% CA$ 60.2k
Daniel Hamilton	Director	5.4yrs	CA$4.00k	3.39% CA$ 85.5k
John Thompson	Independent Director	18.4yrs	CA$4.00k	0.29% CA$ 7.4k
Oscar Pezo Camacho	Director	12.6yrs	CA$4.00k	0.71% CA$ 17.9k

14.3yrs

Average Tenure

Experienced Board: PER's board of directors are seasoned and experienced ( 14.3 years average tenure).

Peruvian Metals Management

Management criteria checks 2/4

Key information

Recent management updates

Peruvian Metals Corp., Annual General Meeting, Aug 23, 2023

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Peruvian Metals Corp. announced that it has received CAD 0.4 million in funding

New major risk - Financial data availability

Peruvian Metals Corp. announced that it expects to receive CAD 0.3 million in funding

Full year 2024 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in FY 2023)

Peruvian Metals Corp. announced that it has received CAD 0.5501 million in funding

Peruvian Metals Corp. announced that it expects to receive CAD 0.56 million in funding

New minor risk - Shareholder dilution

Peruvian Metals Corp. (TSXV:PER) completed the acquisition of 50% stake in San Maurizo Mines Inc. from Hudson Heartland Ltd.

Full year 2023 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in FY 2022)

Peruvian Metals Corp. (TSXV:PER) acquired remaining 50% stake in Palta Dorada, Gold-Silver-Copper project in Northern Peru from Rio Silver Inc. (TSXV:RYO).

Peruvian Metals Corp. Announces Production Results for 2023 At Its 80%-Owned Aguila Norte Processing Plant (‘Aguila Norte’ or the ‘Plant’) Located in Northern Peru

Third quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 3Q 2022)

Peruvian Metals Corp. Provides Update Regarding the Mineral Processing at its 80% Owned Fully Permitted Aguila Norte Processing Plant Located in Northern Peru

Second quarter 2023 earnings released: EPS: CA$0 (vs CA$0.004 in 2Q 2022)

Peruvian Metals Corp., Annual General Meeting, Aug 23, 2023

Less than half of directors are independent

Peruvian Metals Corp. Provides an Update on Its Aguila Norte Processing Plant Located in Northern Peru

Third quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in 3Q 2021)

Less than half of directors are independent

Peruvian Metals Corp. Provides an Update on Aguila Norte Processing Plant

Second quarter 2022 earnings released: EPS: CA$0.004 (vs CA$0.003 loss in 2Q 2021)

Peruvian Metals Corp. Provides Update on Mineral Processing at its 80% Owned Aguila Norte Processing Plant Located in Northern Peru

Full year 2021 earnings released: CA$0.011 loss per share (vs CA$0.005 profit in FY 2020)

Less than half of directors are independent

Gold State Resources Inc. (TSXV: GOST) completed the acquisition of Panteria Copper-gold (Cu-Au) Porphyry Project from Peruvian Metals Corp. (TSXV: PER).

Peruvian Metals Corp. Provides an Update on Mineral Processing At Its 80% Owned Aguila Norte Processing Plant Located in Northern Peru

Less than half of directors are independent

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Gold State Resources Inc. (TSXV:GOST) has signed a binding letter of intent to acquire Panteria copper-gold (Cu-Au) Porphyry Project from Peruvian Metals Corp. (TSXV:PER) for CAD 2.5 million.

Peruvian Metals Corp. Provides an Update Regarding the Exploration and Development of the Palta Dorada Au-Ag-Cu Project in Northern Peru

Second quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.002 loss in 2Q 2020)

Peruvian Metals Corp. Provides Production Guidance for the Remainder of 2021 and Full Year 2021

First quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.009 profit in 1Q 2020)

Full year 2020 earnings released: EPS CA$0.005 (vs CA$0.016 loss in FY 2019)

Peruvian Metals Corp. (TSXV:PER) acquired 50% stake in Palta Dorada, Gold-Silver-Copper project in Northern Peru from Rio Silver Inc. (TSXV:RYO).

Peruvian Metals Corp. Provides Update on Mineral Processing At Aguila Norte Processing Plant

Peruvian Metals Corp. Provides Update on Mineral Processing During October and November At the Aguila Norte Processing Plant in Northern Peru

Peruvian Metals Corp. Provides Production Update from Northern Peru Called Cerro La Cumbre

Peruvian Metals Corp. Announces Third Quarter Throughput at Aguila Norte Processing Plant

Peruvian Metals Corp. Restarts Mineral Processing At Aguila Norte Processing Plant Located in Northern Peru

Peruvian Metals Corp. announced that it expects to receive CAD 0.25 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure