EarthLabs Management

Management criteria checks 4/4

EarthLabs' CEO is Denis Laviolette, appointed in Mar 2023, has a tenure of 1.17 years. total yearly compensation is CA$156.25K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 2.07% of the company’s shares, worth CA$639.77K. The average tenure of the management team and the board of directors is 2 years and 4.9 years respectively.

Key information

Denis Laviolette

Chief executive officer

CA$156.3k

Total compensation

CEO salary percentage	100.0%
CEO tenure	1.2yrs
CEO ownership	2.1%
Management average tenure	2yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

Should You Be Adding GoldSpot Discoveries (CVE:SPOT) To Your Watchlist Today?

May 02

CEO Compensation Analysis

How has Denis Laviolette's remuneration changed compared to EarthLabs's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$17m
Sep 30 2023	n/a	n/a	CA$2m
Jun 30 2023	n/a	n/a	CA$4m
Mar 31 2023	n/a	n/a	-CA$3m
Dec 31 2022	CA$156k	CA$156k	-CA$6m
Sep 30 2022	n/a	n/a	-CA$11m
Jun 30 2022	n/a	n/a	-CA$18m
Mar 31 2022	n/a	n/a	CA$3m
Dec 31 2021	CA$393k	CA$150k	CA$10m
Sep 30 2021	n/a	n/a	CA$12m
Jun 30 2021	n/a	n/a	CA$26m
Mar 31 2021	n/a	n/a	CA$16m
Dec 31 2020	CA$155k	CA$155k	CA$10m
Sep 30 2020	n/a	n/a	CA$5m
Jun 30 2020	n/a	n/a	CA$994k
Mar 31 2020	n/a	n/a	-CA$2m
Dec 31 2019	CA$154k	CA$154k	-CA$5m

Compensation vs Market: Denis's total compensation ($USD114.22K) is below average for companies of similar size in the Canadian market ($USD175.48K).

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

CEO

Denis Laviolette (38 yo)

1.2yrs

Tenure

CA$156,250

Compensation

Mr. Denis Roland Laviolette, B. Sc, Earth Science (Geology), has been Independent Non-Executive Chairman of Kirkland Lake Discoveries Corp. since May 2023. He serves as Chief Executive Officer at EarthLabs...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Denis Laviolette	Founder	1.2yrs	CA$156.25k	2.07% CA$ 639.8k
Vincent Dube-Bourgeois	President & Director	1.2yrs	CA$190.65k	1.57% CA$ 486.5k
Binh Quach	CFO & Corporate Secretary	5.3yrs	CA$156.25k	0.88% CA$ 271.4k
Cejay Kim	Chief Business Officer	5.3yrs	CA$175.25k	1.36% CA$ 421.4k
Sarane Sterckx	Co-Founder	no data	no data	no data
Mathew Wilson	Chief Investment Officer	1.2yrs	no data	0.15% CA$ 45.0k
Joshua Duggan	Vice President of Corporate Development & Investor Relation	no data	no data	no data
Brenda Sharp	Chief Geophysicist	no data	no data	no data
Lindsay Hall	Chief Geologist	no data	no data	no data
Peter Dueck	Senior Geophysicist & Head of Geophysical Services	2.9yrs	no data	no data

2.0yrs

Average Tenure

Experienced Management: SPOT's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Denis Laviolette	Founder	5.3yrs	CA$156.25k	2.07% CA$ 639.8k
Vincent Dube-Bourgeois	President & Director	5.3yrs	CA$190.65k	1.57% CA$ 486.5k
Edward Sujir	Independent Director	3.9yrs	CA$35.00k	no data
Gerald Feldman	Independent Director	4.6yrs	CA$188.00k	no data

4.9yrs

Average Tenure

64yo

Average Age

Experienced Board: SPOT's board of directors are considered experienced (4.9 years average tenure).

EarthLabs Management

Management criteria checks 4/4

Key information

Recent management updates

EarthLabs Inc., Annual General Meeting, Jun 25, 2024

EarthLabs Inc., Annual General Meeting, Sep 26, 2023

Insufficient new directors

GoldSpot Discoveries Corp., Annual General Meeting, Aug 16, 2022

High number of new directors

Insider recently bought CA$713k worth of stock

Recent updates

Full year 2023 earnings released: CA$0.12 loss per share (vs CA$0.045 loss in FY 2022)

EarthLabs Inc., Annual General Meeting, Jun 25, 2024

EarthLabs Inc. (TSXV:SPOT) completed the acquisition of The Northern Miner Group from Glacier RIG Ltd.

Third quarter 2023 earnings released: CA$0.043 loss per share (vs CA$0.028 loss in 3Q 2022)

EarthLabs Inc. (TSXV:SPOT) entered into a definitive agreement to acquire The Northern Miner Group from Glacier RIG Ltd for CAD 4 million.

EarthLabs Inc., Annual General Meeting, Sep 26, 2023

Insufficient new directors

New minor risk - Revenue size

Full year 2022 earnings released: CA$0.045 loss per share (vs CA$0.098 profit in FY 2021)

1377900 BC Ltd completed the acquisition of Consulting & Exploration Tech Division from EarthLabs Inc. (TSXV:SPOT).

Third quarter 2022 earnings released: CA$0.028 loss per share (vs CA$0.079 loss in 3Q 2021)

1377900 BC Ltd entered into an agreement to acquire Consulting & Exploration Tech Division from EarthLabs Inc. (TSXV:SPOT) for CAD 30 million.

Macdonald Mines Successfully Intersects High-Grade Mineralization on the Earthlabs's Alwyn Trend Target, SPJ Property

Second quarter 2022 earnings released: CA$0.065 loss per share (vs CA$0.13 profit in 2Q 2021)

GoldSpot Discoveries Corp., Annual General Meeting, Aug 16, 2022

First quarter 2022 earnings released: CA$0.005 loss per share (vs CA$0.06 profit in 1Q 2021)

Should You Be Adding GoldSpot Discoveries (CVE:SPOT) To Your Watchlist Today?

Full year 2021 earnings released

High number of new directors

Granite Creek Copper Identifies New Targets At Carmacks Copper-Gold Project Through Deployment of Goldspot Discoveries' Artificial Intelligence Technology

GoldSpot Discoveries Corp. (TSXV:SPOT) completed the acquisition of DigiGeoData Inc.

GoldSpot Discoveries Corp. (TSXV:SPOT) entered into a definitive agreement to acquire DigiGeoData Inc. for CAD 3.6 million.

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

GoldSpot Discoveries Corp. Generates Highpriority Gold Targets At the Tartoq AEX Gold Greenland Project

Investor sentiment improved over the past week

Investor sentiment improved over the past week

GoldSpot Discoveries Corp. and Critical Elements Identify Lithium Targets at the Critical Elements Bourier Claims and Report Discoveries Within Goldspot's AI Targets

GoldSpot Discoveries Corp. and Critical Elements Lithium Corporation Announce Results of Propertywide Comprehensive Data Review, Compilation, and Target Generation on Critical Element's New Block 16 and 7 Claims Within the Prolific Nemiscau Greenstone Belt in James Bay, Québec

Second quarter 2021 earnings released: EPS CA$0.13 (vs CA$0.03 in 2Q 2020)

GoldSpot Discoveries Corp. (TSXV:SPOT) entered into a definitive agreement CEO.CA Technologies Ltd from Pacific Website Company Inc. and Spiel Technologies Ltd for CAD 16.7 million.

GoldSpot Discoveries Corp. (TSXV:SPOT) completed the acquisition of Ridgeline Exploration Services Inc.

Investor sentiment deteriorated over the past week

GoldSpot Discoveries Corp. (TSXV:SPOT) entered into a definitive agreement to acquire Ridgeline Exploration Services Inc. from sellers for CAD 2.4 million.

Investor sentiment improved over the past week

GoldSpot Discoveries Corp. announced that it has received CAD 9.1455 million in funding from 2176423 Ontario Ltd.

Goldspot Discoveries and Tembo Gold Identify 54 Drill Targets on Tembo's Gold Project with A Strong Relationship to the Adjacent Bulyanhulu Mine

Investor sentiment improved over the past week

GoldSpot Discoveries Corp. announced that it expects to receive CAD 9.1455 million in funding

Goldspot Discoveries Corp. Provides Update on New Found Gold Investment and Royalties

First quarter 2021 earnings released: EPS CA$0.06 (vs CA$0.001 in 1Q 2020)

Insider recently bought CA$713k worth of stock

Goldspot Discoveries Corp. and Sterling Metals Corp. Identify Numerous Targets on the Sail Pond Silver Project in Newfoundland, and Announce Drilling Program

GoldSpot Discoveries Corp. announced that it expects to receive CAD 10 million in funding

Fortuna Silver Mines Inc. Engages GoldSpot Discoveries Corp.to Identify Targets

Goldspot Discoveries Identifies New Structure Parallel to New Found Gold's Discovery for Exploits Discovery

GoldSpot Discoveries Corp. Deploy New Inversion Process at Northstar Gold's Miller Gold Property

Third quarter 2020 earnings released: EPS CA$0.031

GoldSpot Discoveries Corp. announced that it expects to receive CAD 4 million in funding

New 90-day high: CA$0.32

GoldSpot Discoveries Corp. Engaged by Calibre Mining to Identify High Value Drill Targets and Deploy Core Imaging Technology

Metallic Minerals Corp. appoints GoldSpot Discoveries Corp. to Apply Machine Learning at its HighGrade Keno Silver Project in Yukon, Canada

New 90-day high: CA$0.21

New 90-day high: CA$0.20

Goldspot Discoveries Corp. Discovers New Gold System At Quebec Precious Metals' Elmer East Gold Project Using Artificial Intelligence

Cerrado Gold Inc Engages GoldSpot Discoveries Corp. to Apply Machine Learning

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age