Dundee Management

Management criteria checks 3/4

Dundee's CEO is Jonathan Goodman, appointed in Jun 2018, has a tenure of 6.42 years. total yearly compensation is CA$1.48M, comprised of 33.7% salary and 66.3% bonuses, including company stock and options. directly owns 6.26% of the company’s shares, worth €6.42M. The average tenure of the management team and the board of directors is 4.3 years and 5.8 years respectively.

Key information

Jonathan Goodman

Chief executive officer

CA$1.5m

Total compensation

CEO salary percentage	33.7%
CEO tenure	6.4yrs
CEO ownership	6.3%
Management average tenure	4.3yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jonathan Goodman's remuneration changed compared to Dundee's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CA$65m
Jun 30 2024	n/a	n/a	CA$31m
Mar 31 2024	n/a	n/a	-CA$20m
Dec 31 2023	CA$1m	CA$500k	-CA$38m
Sep 30 2023	n/a	n/a	-CA$8m
Jun 30 2023	n/a	n/a	CA$29m
Mar 31 2023	n/a	n/a	-CA$17m
Dec 31 2022	CA$1m	CA$500k	CA$26m
Sep 30 2022	n/a	n/a	-CA$12m
Jun 30 2022	n/a	n/a	-CA$70m
Mar 31 2022	n/a	n/a	-CA$39m
Dec 31 2021	CA$1m	CA$500k	-CA$88m
Sep 30 2021	n/a	n/a	-CA$48m
Jun 30 2021	n/a	n/a	CA$11m
Mar 31 2021	n/a	n/a	CA$77m
Dec 31 2020	CA$1m	CA$500k	-CA$73m
Sep 30 2020	n/a	n/a	-CA$100m
Jun 30 2020	n/a	n/a	-CA$141m
Mar 31 2020	n/a	n/a	-CA$203m
Dec 31 2019	CA$1m	CA$500k	-CA$21m
Sep 30 2019	n/a	n/a	-CA$73m
Jun 30 2019	n/a	n/a	-CA$98m
Mar 31 2019	n/a	n/a	-CA$166m
Dec 31 2018	CA$951k	CA$485k	-CA$205m

Compensation vs Market: Jonathan's total compensation ($USD1.06M) is above average for companies of similar size in the German market ($USD471.55K).

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

CEO

Jonathan Goodman (62 yo)

6.4yrs

Tenure

CA$1,484,279

Compensation

Mr. Jonathan Carter Goodman, P. Eng., CFA, MBA, serves as Independent Director at Magna Mining Inc. since March 28, 2022. He has been Chairman of Toachi Mining Inc. since January 31, 2018. Mr. Goodman serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jonathan Goodman	CEO, President & Director	6.4yrs	CA$1.48m	6.26% € 6.4m
Lila A. Murphy	Executive VP & CFO	3.5yrs	CA$829.25k	no data
Steven Sharpe	Executive Vice Chairman	3.4yrs	CA$507.56k	no data
Matthew Goodman	Vice President of Investments	no data	no data	no data
John Vincic	Head of Investor & Media Relations	no data	no data	no data
Jennifer Butland	Senior Human Resources Advisor	no data	no data	no data
Mark Pereira	VP & Corporate Secretary	5.2yrs	no data	no data
Colin Jones	Executive of Dundee Resources	no data	CA$1.30m	no data
Michael Costa	VP and Portfolio Manager of Goodman & Company	no data	CA$736.14k	no data

4.3yrs

Average Tenure

62yo

Average Age

Experienced Management: 1DUA's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jonathan Goodman	CEO, President & Director	6.8yrs	CA$1.48m	6.26% € 6.4m
Harold Gordon	Vice-Chairman Emeritus	7.4yrs	CA$216.85k	no data
Peter Nixon	Independent Chairman	6.3yrs	CA$107.50k	0.025% € 25.5k
Donald McLeod	Independent Director	less than a year	CA$9.36k	0.056% € 57.4k
Daniel Goodman	Chairman Emeritus	7.4yrs	CA$77.00k	no data
Andrew Molson	Independent Director	9.4yrs	CA$95.00k	0.34% € 345.4k
Isabel Meharry	Independent Director	5.4yrs	CA$115.00k	no data
Jaimie Donovan	Independent Director	less than a year	no data	0.017% € 17.2k
Tanya Covassin	Independent Director	5.4yrs	CA$85.42k	no data
Allen Palmiere	Director	5.4yrs	CA$65.00k	no data

5.8yrs

Average Tenure

62yo

Average Age

Experienced Board: 1DUA's board of directors are considered experienced (5.8 years average tenure).

Dundee Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently bought €44k worth of stock

Dundee Corporation Approves the Appointment of Jaimie Donovan as Independent Director

Independent Director recently bought €65k worth of stock

Dundee Corporation, Annual General Meeting, Jun 12, 2024

Dundee Corporation Announces Changes to the Board of Directors

Insufficient new directors

Recent updates

New minor risk - Share price stability

Third quarter 2024 earnings released: EPS: CA$0.07 (vs CA$0.31 loss in 3Q 2023)

Investor sentiment improves as stock rises 25%

Aurum Resources Limited (ASX:AUE) entered into a Bid Implementation Agreement to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million.

Aurum Resources Limited (ASX:AUE) proposed to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million.

Next Edge Capital Corp. agreed to acquire Investment Management Business of Dundee Corporation from Dundee Corporation (TSX:DC.A).

An undisclosed buyer acquired an unknown stake in TauRx Pharmaceuticals Ltd. from Dundee Corporation (TSX:DC.A) for $1 million.

Dundee Corporation (TSX:DC.A) acquired 5.66% stake in Maritime Resources Corp. (TSXV:MAE) for CAD 1.6 million.

RBC Dominion Securities Inc. entered into an agreement to acquire 5.1% minority stake in G Mining Ventures Corp. (TSX:GMIN) from Dundee Corporation (TSX:DC.A) for CAD 97.35 million.

Second quarter 2024 earnings released: EPS: CA$0.58 (vs CA$0.017 in 2Q 2023)

Independent Director recently bought €44k worth of stock

G Mining Ventures Corp. (TSX:GMIN) completed the acquisition of Reunion Gold Corporation (TSXV:RGD) from Dundee Corporation (TSX:DC.A), La Mancha Investments S.à r.l. and others for CAD 840 million.

Dundee Corporation Approves the Appointment of Jaimie Donovan as Independent Director

First quarter 2024 earnings released: EPS: CA$0.07 (vs CA$0.13 loss in 1Q 2023)

G Mining Ventures Corp. (TSX:GMIN) entered into a definitive agreement to acquire Reunion Gold Corporation (TSXV:RGD) from Dundee Corporation (TSX:DC.A), La Mancha Investments S.à r.l. and others for approximately CAD 780 million.

G Mining Ventures Corp. (TSX:GMIN) entered into a definitive agreement to acquire Reunion Gold Corporation (TSXV:RGD) from Dundee Corporation (TSX:DC.A), La Mancha Investments S.à r.l. and others for approximately CAD 780 million.

Independent Director recently bought €65k worth of stock

Dundee Corporation, Annual General Meeting, Jun 12, 2024

New minor risk - Revenue size

Full year 2023 earnings released: CA$0.43 loss per share (vs CA$0.29 profit in FY 2022)

New minor risk - Share price stability

Third quarter 2023 earnings released

Dundee Corporation Announces Changes to the Board of Directors

New minor risk - Revenue size

Second quarter 2023 earnings released

First quarter 2023 earnings released: CA$0.14 loss per share (vs CA$0.34 profit in 1Q 2022)

Full year 2022 earnings released: EPS: CA$0.29 (vs CA$0.99 loss in FY 2021)

Insufficient new directors

Dundee Corporation Announces Wind-Down of Investment Banking Business

Insufficient new directors

Third quarter 2022 earnings released

Dundee Corporation to Report Q3, 2022 Results on Nov 14, 2022

Second quarter 2022 earnings released: CA$0.52 loss per share (vs CA$0.15 loss in 2Q 2021)

Dundee Corporation to Report Q2, 2022 Results on Aug 10, 2022

Insufficient new directors

Insufficient new directors

First quarter 2022 earnings released: EPS: CA$0.34 (vs CA$0.19 loss in 1Q 2021)

Dundee Corporation to Report Q1, 2022 Results on May 11, 2022

Dundee Corporation, Annual General Meeting, Jun 23, 2022

Full year 2021 earnings released: CA$1.05 loss per share (vs CA$0.69 loss in FY 2020)

Third quarter 2021 earnings released

Second quarter 2021 earnings released: CA$0.15 loss per share (vs CA$0.51 profit in 2Q 2020)

High number of new directors

Executive VP & CFO has left the company

First quarter 2021 earnings released

Independent Director recently bought €59k worth of stock

Full year 2020 earnings released

Dundee Corporation to Report Q4, 2020 Results on Mar 30, 2021

New 90-day high: €0.93

Dundee Corporation (TSX:DC.A) acquired 13.7% in Big River Gold Limited (ASX:BRV) for AUD 9.9 million.

New 90-day low: €0.83

Independent Director recently bought €71k worth of stock

Dundee Corporation to Report Q3, 2020 Results on Nov 13, 2020

New 90-day low: €0.82

Dundee Corporation Appoints Peter Nixon as the New Independent Chair of the Board

Dundee Corporation to Report Q2, 2020 Results on Aug 13, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age