Spanish Mountain Gold Ltd.

TSXV:SPA Stock Report

Market Cap: CA$61.3m

Spanish Mountain Gold Management

Management criteria checks 1/4

Spanish Mountain Gold's CEO is George Mah, appointed in Mar 2023, has a tenure of 2.67 years. total yearly compensation is CA$422.20K, comprised of 67.5% salary and 32.5% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth CA$153.78K. The average tenure of the management team and the board of directors is 2 years and 3.1 years respectively.

Key information

George Mah

Chief executive officer

CA$422.2k

Total compensation

CEO salary percentage67.50%
CEO tenure2.7yrs
CEO ownership0.3%
Management average tenure2yrs
Board average tenure3.1yrs

Recent management updates

Recent updates

Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?

May 09
Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?

We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully

Sep 10
We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully

Here's Why We're Watching Spanish Mountain Gold's (CVE:SPA) Cash Burn Situation

May 23
Here's Why We're Watching Spanish Mountain Gold's (CVE:SPA) Cash Burn Situation

Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?

Jan 26
Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?

Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Deliver On Growth Plans?

Sep 28
Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Deliver On Growth Plans?

We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully

Mar 09
We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully

We're Keeping An Eye On Spanish Mountain Gold's (CVE:SPA) Cash Burn Rate

Nov 22
We're Keeping An Eye On Spanish Mountain Gold's (CVE:SPA) Cash Burn Rate

We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully

Aug 02
We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully

Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?

Feb 22
Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?

Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Deliver On Growth Plans?

Jul 27
Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Deliver On Growth Plans?

CEO Compensation Analysis

How has George Mah's remuneration changed compared to Spanish Mountain Gold's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

-CA$2m

Mar 31 2025n/an/a

-CA$2m

Dec 31 2024CA$422kCA$285k

-CA$2m

Sep 30 2024n/an/a

-CA$3m

Jun 30 2024n/an/a

-CA$3m

Mar 31 2024n/an/a

-CA$2m

Dec 31 2023CA$230kCA$230k

-CA$2m

Compensation vs Market: George's total compensation ($USD301.02K) is above average for companies of similar size in the Canadian market ($USD163.99K).

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


CEO

George Mah (57 yo)

2.7yrs
Tenure
CA$422,200
Compensation

Mr. George Peter Mah, P.Eng served as Interim CEO at Spanish Mountain Gold Ltd. since March 06, 2023 until 2023 and serves as its President and CEO since May 2023 and serves as its Director since October 1...


Leadership Team

NamePositionTenureCompensationOwnership
George Mah
President2.7yrsCA$422.20k0.25%
CA$ 153.8k
Mark Ruus
Chief Financial Officer1.3yrsCA$150.42k0.15%
CA$ 93.2k
James Beeland Rogers
Special Advisor6.4yrsno datano data
Julian Manco
Director of Exploration1.2yrsno data0.0045%
CA$ 2.8k
2.0yrs
Average Tenure

Experienced Management: SPA's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
George Mah
President3.1yrsCA$422.20k0.25%
CA$ 153.8k
Richard Orazietti
Independent Director3.1yrsno data0.15%
CA$ 90.6k
Garnet Dawson
Independent Director3.1yrsno datano data
Brent G. Bergeron
Independent Chair of the Board3.1yrsno data0.024%
CA$ 14.9k
Lembit Janes
Independent Director3.3yrsno data16.65%
CA$ 10.2m
3.1yrs
Average Tenure
57yo
Average Age

Experienced Board: SPA's board of directors are considered experienced (3.1 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/02 18:52
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Spanish Mountain Gold Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.