Val-d'Or Mining Management

Management criteria checks 3/4

Val-d'Or Mining's CEO is Glenn Mullan, appointed in Jun 2017, has a tenure of 6.92 years. total yearly compensation is CA$139.79K, comprised of 30% salary and 70% bonuses, including company stock and options. directly owns 4.6% of the company’s shares, worth CA$214.39K. The average tenure of the management team and the board of directors is 6.1 years and 6.5 years respectively.

Key information

Glenn Mullan

Chief executive officer

CA$139.8k

Total compensation

CEO salary percentage	30.0%
CEO tenure	6.9yrs
CEO ownership	4.6%
Management average tenure	6.1yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

How Many Val-d'Or Mining Corporation (CVE:VZZ) Shares Did Insiders Buy, In The Last Year?

Dec 18

CEO Compensation Analysis

How has Glenn Mullan's remuneration changed compared to Val-d'Or Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$1m
Sep 30 2023	n/a	n/a	CA$445k
Jun 30 2023	n/a	n/a	CA$726k
Mar 31 2023	n/a	n/a	-CA$806k
Dec 31 2022	CA$140k	CA$42k	-CA$537k
Sep 30 2022	n/a	n/a	-CA$560k
Jun 30 2022	n/a	n/a	-CA$569k
Mar 31 2022	n/a	n/a	CA$41k
Dec 31 2021	CA$53k	CA$12k	CA$21k
Sep 30 2021	n/a	n/a	CA$197k
Jun 30 2021	n/a	n/a	-CA$59k
Mar 31 2021	n/a	n/a	-CA$1m
Dec 31 2020	CA$58k	CA$6k	-CA$1m
Sep 30 2020	n/a	n/a	-CA$2m
Jun 30 2020	n/a	n/a	-CA$2m
Mar 31 2020	n/a	n/a	-CA$1m
Dec 31 2019	CA$7k	n/a	-CA$1m
Sep 30 2019	n/a	n/a	-CA$467k
Jun 30 2019	n/a	n/a	-CA$312k
Mar 31 2019	n/a	n/a	-CA$359k
Dec 31 2018	CA$88k	n/a	-CA$607k

Compensation vs Market: Glenn's total compensation ($USD101.59K) is below average for companies of similar size in the Canadian market ($USD174.31K).

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

CEO

Glenn Mullan (64 yo)

6.9yrs

Tenure

CA$139,793

Compensation

Mr. Glenn J. Mullan, B.Sc. (Geology), MS Min Eng, P.Geo., served as Director at Gold Royalty Corp. since November 5, 2021 until April 2024. He has been Executive Chairman of Golden Valley Abitibi Royalties...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Glenn Mullan	Chairman	6.9yrs	CA$139.79k	4.6% CA$ 214.4k
Rico De Vega	CFO & Corporate Secretary	5.9yrs	CA$35.40k	0.42% CA$ 19.8k
Christian Zinke	COO & Director	6.1yrs	CA$34.19k	0.80% CA$ 37.5k

6.1yrs

Average Tenure

57yo

Average Age

Experienced Management: VZZ's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Glenn Mullan	Chairman	14.3yrs	CA$139.79k	4.6% CA$ 214.4k
Christian Zinke	COO & Director	14.3yrs	CA$34.19k	0.80% CA$ 37.5k
Louis Doyle	Independent Director	2.5yrs	CA$11.40k	0.074% CA$ 3.4k
Deborah Honig	Lead Independent Director	3.3yrs	CA$13.61k	0.41% CA$ 18.9k
Lukas Shewchuk	Independent Director	6.5yrs	CA$11.40k	0.61% CA$ 28.3k

6.5yrs

Average Tenure

64yo

Average Age

Experienced Board: VZZ's board of directors are considered experienced (6.5 years average tenure).

Val-d'Or Mining Management

Management criteria checks 3/4

Key information

Recent management updates

Val-D'or Mining Corporation Reconstitutes Audit Committee and Its Compensation and Corporate Governance Committee

Val-d'Or Mining Corporation, Annual General Meeting, Sep 08, 2023

Chairman exercised options to buy CA$75k worth of stock.

Less than half of directors are independent

Less than half of directors are independent

Val-d'Or Mining Corporation Appoints Deborah Honig to its Board of Directors

Recent updates

Full year 2023 earnings released: CA$0.013 loss per share (vs CA$0.007 loss in FY 2022)

Third quarter 2023 earnings released: EPS: CA$0 (vs CA$0.004 in 3Q 2022)

New minor risk - Shareholder dilution

Val-D'or Mining Corporation Reconstitutes Audit Committee and Its Compensation and Corporate Governance Committee

Val-d'Or Mining Corporation, Annual General Meeting, Sep 08, 2023

Chairman exercised options to buy CA$75k worth of stock.

Val-d'Or Mining Corporation Commences Prospecting and Geochemical Survey Program on Two of Its Quebec Abitibi Greenstone Belt Properties

Less than half of directors are independent

Val-d'Or Mining Corporation announced that it expects to receive CAD 1 million in funding

Val-d'Or Mining Corporation announced that it has received $0.4 million in funding

Val-d'Or Mining Corporation announced that it expects to receive $0.4 million in funding

Less than half of directors are independent

Val-D'or Mining Corporation Commences Ground-Geophysical Program on the Riviere Lois Prospect

Val-d'Or Mining Corporation Commences Geochemical Program on Nine Quebec Properties

Val-d'Or Mining Corporation announced that it has received CAD 0.30379 million in funding

Val-d'Or Mining Corporation announced that it expects to receive CAD 0.3 million in funding

Val-d'Or Mining Corporation Appoints Deborah Honig to its Board of Directors

How Many Val-d'Or Mining Corporation (CVE:VZZ) Shares Did Insiders Buy, In The Last Year?

Val-d'Or Mining Corporation Update About the Progress on Several of Its 2020 Field Exploration Programs

Québec Nickel Corp. entered into an agreement to acquire Ducros Group of Properties from Val-d'Or Mining Corporation (TSXV:VZZ).

Val-d'Or Mining Corporation Announces the Completion of the 2020 Prospecting and Mapping Program on Its 100%-Owned Oregon Gold Prospect

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age