Zacatecas Silver Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Bryan Slusarchuk

Chief executive officer

CA$332.8k

Total compensation

CEO salary percentage	100.0%
CEO tenure	3.8yrs
CEO ownership	3.3%
Management average tenure	no data
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bryan Slusarchuk's remuneration changed compared to Zacatecas Silver's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-CA$390k
Jun 30 2023	n/a	n/a	-CA$5m
Mar 31 2023	n/a	n/a	-CA$11m
Dec 31 2022	CA$333k	CA$333k	-CA$11m
Sep 30 2022	n/a	n/a	-CA$14m
Jun 30 2022	n/a	n/a	-CA$9m
Mar 31 2022	n/a	n/a	-CA$7m
Dec 31 2021	CA$309k	CA$309k	-CA$7m
Dec 31 2020	CA$20k	CA$20k	-CA$3m

Compensation vs Market: Bryan's total compensation ($USD243.62K) is above average for companies of similar size in the Canadian market ($USD175.48K).

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

CEO

Bryan Slusarchuk (48 yo)

3.8yrs

Tenure

CA$332,815

Compensation

Mr. Bryan James-R. Slusarchuk is Principal at Sluzcap Enterprises Inc. He serves as the Chief Executive Officer of Zacatecas Silver Corp. and serves as its Director since July 22, 2020 and served as its Pr...

Board Members

Name	Position	Tenure	Compensation	Ownership
Bryan Slusarchuk	CEO & Director	3.8yrs	CA$332.82k	3.33% CA$ 792.6k
Jonathan Richards	CFO, Secretary & Director	3.7yrs	CA$143.37k	0.26% CA$ 61.5k
Christopher Wilson	Chief Geologist	3.7yrs	CA$305.53k	0.43% CA$ 102.5k
John Lewins	Independent Director	3.7yrs	CA$36.00k	0.56% CA$ 132.3k
Luis Chavez-Martinez	Independent Director	1.8yrs	CA$16.50k	no data
Charles Hethey	Independent Director	3.7yrs	CA$128.76k	0.34% CA$ 81.0k
Nancy La Couvee	Independent Director	2.1yrs	CA$27.00k	no data

3.7yrs

Average Tenure

53yo

Average Age

Experienced Board: ZAC's board of directors are considered experienced (3.7 years average tenure).

Zacatecas Silver Management

Management criteria checks 1/4

Key information

Recent management updates

Zacatecas Silver Corp., Annual General Meeting, Aug 08, 2023

High number of new and inexperienced directors

Zacatecas Silver Appoints Jorge Ramiro Monroy as Advisor

Zacatecas Silver Announces Nomination of Dr. Luis Chavez-Martinez to Board of Directors

Zacatecas Silver Corp., Annual General Meeting, Jul 15, 2022

Less than half of directors are independent

Recent updates

New major risk - Shareholder dilution

Zacatecas Silver Corp. announced that it has received CAD 2.5 million in funding

Zacatecas Silver Corp. announced that it expects to receive CAD 1.8 million in funding

New major risk - Market cap size

New major risk - Financial position

Zacatecas Silver Corp., Annual General Meeting, Aug 08, 2023

Zacatecas Silver Corp. Announces Increase in Silver Resource at Zacatecas Property

Zacatecas Silver Corp. announced that it has received CAD 3.514276 million in funding

Zacatecas Silver Corp. announced that it has received CAD 3.514276 million in funding

High number of new and inexperienced directors

Zacatecas Silver Corp. Reports High-Grade Oxide Gold Mineral Resource Estimate at the Esperanza Gold Project

Zacatecas Silver Corp. Reports Completed Phase One Diamond Drilling At El Cristo with Multiple Silver-Base Metal Rich Epithermal Vein Systems over 1.5 Kilometre Strike Length

Zacatecas Silver Appoints Jorge Ramiro Monroy as Advisor

Zacatecas Reports Multiple High Grade Silver Drill Intercepts from Initial Drilling At El Cristo

Zacatecas Silver Corp. Commences its Work Plans to Prepare Current Resource Estimate at Advanced Stage Esperanza Gold Project, Located in Morelos State, Mexico

Zacatecas Silver Reports Multiple Near Surface Silver Intercepts in Previously Untested Area of Panuco North Including 1.83 m at 235 g/t Ag Eq (224 g/t Ag and 0.15 g/t Au) in Hole PAN2022-057

Zacatecas Silver Announces Nomination of Dr. Luis Chavez-Martinez to Board of Directors

Zacatecas Silver Corp., Annual General Meeting, Jul 15, 2022

Zacatecas Silver Corp. provides an update on the El Cristo Vein System located within the Zacatecas Property

Less than half of directors are independent

Zacatecas Silver Corp. (TSXV:ZAC) completed the acquisition of Esperanza Gold Project from Minas De Oro Nacional S.A. De C.V.

Zacatecas Silver Corp. Reports Multiple High Grade Silver Drill Intercepts at Panuco North Including 1.25m at 1440 g/t AgEq in Hole PAN2022-042 and 4.35m at 375 g/t AgEq in Hole PAN2022-44

Zacatecas Silver Corp. (TSXV:ZAC) agreed to acquire Esperanza Gold Project from Alamos Gold Inc. (TSX:AGI) for $60 million.

Zacatecas Silver Corp. to Acquire the Advanced Stage and High Grade Oxide Gold Esperanza Project from Alamos Gold Inc

Zacatecas Silver Corp. Reports Multiple Silver and Gold Assays from Ongoing Diamond Drilling at the Panuco North Vein

Zacatecas Silver Corp. Provides Update on Ongoing Drilling Activities

Zacatecas Silver Corp. Reports Filing of Technical Report to Support the Initial Inferred Mineral Resource Estimate of 16.4 Million Silver Equivalent Ounces at 187 g/t AgEq at the Panuco Deposit Including a Zone of 5.1 Million Silver Equivalent Ounces at 235.25 AgEq

Zacatecas Silver Receives Permits for 13 New Drill Pads and Applies for Permits on an Additional 27 Drill Pads to Facilitate A Large Drill Program Following Up on Recently Announced High Grade Silver Drill Intercepts

Zacatecas Silver Reports Multiple High Grade Silver Intercepts in Previously Undrilled Area of Project Including 2.17M At 823 G/T Silver EQ (798 G/T Silver and 0.34 G/T Gold) in Hole Pan 2021-009

Zacatecas Silver Corp. Reports Drill Rig Arrival at Panuco Silver Deposit

Zacatecas Silver Corp Receives Drilling Permits for the Panuco and San Gill Projects

Zacatecas Silver Corp. Receives Positive Preliminary Metallurgical Test Results from SGS Minerals

Zacatecas Silver Completes Reconnaissance Geological Mapping of the San Manuel Vein System

Zacatecas Silver Enters into 10,000 Metre Diamond Drill Contract with Major Drilling and Secures Access Agreement with The Ejido "Panuco" Municipality, Zacatecas

Zacatecas Silver Announces Work Plans for Preparing Resource Estimate

Zacatecas Silver Corp. Updates on Its Projects