GFG Resources Management

Management criteria checks 3/4

GFG Resources' CEO is Brian Skanderbeg, appointed in Jun 2016, has a tenure of 7.83 years. total yearly compensation is CA$215.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 2.53% of the company’s shares, worth €353.22K. The average tenure of the management team and the board of directors is 7.5 years and 7.3 years respectively.

Key information

Brian Skanderbeg

Chief executive officer

CA$215.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	7.8yrs
CEO ownership	2.5%
Management average tenure	7.5yrs
Board average tenure	7.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brian Skanderbeg's remuneration changed compared to GFG Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$12m
Sep 30 2023	n/a	n/a	-CA$12m
Jun 30 2023	CA$215k	CA$215k	-CA$12m
Mar 31 2023	n/a	n/a	-CA$1m
Dec 31 2022	n/a	n/a	-CA$1m
Sep 30 2022	n/a	n/a	-CA$929k
Jun 30 2022	CA$206k	CA$206k	-CA$860k
Mar 31 2022	n/a	n/a	-CA$756k
Dec 31 2021	n/a	n/a	-CA$640k
Sep 30 2021	n/a	n/a	-CA$546k
Jun 30 2021	CA$200k	CA$200k	-CA$391k
Mar 31 2021	n/a	n/a	-CA$585k
Dec 31 2020	n/a	n/a	-CA$461k
Sep 30 2020	n/a	n/a	-CA$616k
Jun 30 2020	CA$200k	CA$200k	-CA$807k
Mar 31 2020	n/a	n/a	-CA$827k
Dec 31 2019	n/a	n/a	-CA$958k
Sep 30 2019	n/a	n/a	-CA$833k
Jun 30 2019	CA$200k	CA$200k	-CA$881k
Mar 31 2019	n/a	n/a	-CA$912k
Dec 31 2018	n/a	n/a	-CA$1m
Sep 30 2018	n/a	n/a	-CA$2m
Jun 30 2018	CA$238k	CA$238k	-CA$2m
Mar 31 2018	n/a	n/a	-CA$2m
Dec 31 2017	n/a	n/a	-CA$3m
Sep 30 2017	n/a	n/a	-CA$5m
Jun 30 2017	CA$210k	CA$210k	-CA$5m

Compensation vs Market: Brian's total compensation ($USD157.31K) is below average for companies of similar size in the German market ($USD401.52K).

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

CEO

Brian Skanderbeg (47 yo)

7.8yrs

Tenure

CA$215,000

Compensation

Mr. Brian N. Skanderbeg, P.Geo., serves as an Independent Director at Wesdome Gold Mines Limited since May 14, 2019. Mr. Skanderbeg serves as Special Advisor to the Board at SKRR Exploration Inc. since Aug...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Brian Skanderbeg	President	7.8yrs	CA$215.00k	2.53% CA$ 353.2k
Richard Johnson	CFO & Corporate Secretary	7.5yrs	CA$135.00k	0.31% CA$ 42.7k
Anders Carlson	Vice President of Exploration	less than a year	CA$26.41k	0.013% CA$ 1.8k

7.5yrs

Average Tenure

Experienced Management: 2GQ's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Brian Skanderbeg	President	7.5yrs	CA$215.00k	2.53% CA$ 353.2k
Patrick Downey	Independent Chairman of the Board	7.5yrs	CA$22.50k	0.63% CA$ 87.6k
Arnold Klassen	Independent Director	7.3yrs	CA$18.00k	0.21% CA$ 29.1k
Brian Booth	Independent Director	4.7yrs	CA$15.00k	0.14% CA$ 19.2k
Lisa Riley	Independent Director	3yrs	CA$15.00k	0.062% CA$ 8.7k

7.3yrs

Average Tenure

63yo

Average Age

Experienced Board: 2GQ's board of directors are considered experienced (7.3 years average tenure).

GFG Resources Management

Management criteria checks 3/4

Key information

Recent management updates

GFG Resources Inc, Annual General Meeting, Nov 14, 2023

GFG Resources Announces Executive Changes

GFG Resources Inc Appoints Natalie Pietrzak-Renaud as Vice President, Exploration

GFG Resources Inc Announces the Resignation of Rob Mackie as Vice President of Exploration

President recently sold €71k worth of stock

Recent updates

New minor risk - Shareholder dilution

GFG Resources Inc announced that it expects to receive CAD 3.3 million in funding

GFG Resources Inc Provides an Update on Goldarm Project

Gfg Resources Inc. Reports Further Gold Assay Results from the Recently Completed 2023 Phase 2 Drill Program At Its Montclerg Gold Project

New major risk - Financial position

GFG Resources Inc, Annual General Meeting, Nov 14, 2023

GFG Resources Inc. Reports the Final Gold Assay Results from Its 13-Hole 2023 Phase 1 Drill Program At the Montclerg Gold Project, Located 40 Kilometres East of Timmins, Ontario

GFG Resources Inc. Drills 9.97 g/t Gold over 8.1 Metres at its Montclerg Gold Project Located in the Timmins Gold District

GFG Resources Announces Executive Changes

GFG Resources Inc announced that it expects to receive CAD 3 million in funding from Alamos Gold Inc. and other investors

GFG Resources Inc Expands High-Grade Gold Mineralization At Montclerg Including 8.46 G/T Gold over 5.0 Metres

GFG Drills Significant Gold Mineralization in Multiple Zones At Montclerg Including 9.85 G/T Gold over 16.0 Metres

GFG Resources Inc Starts Phase 2 2022 Drilling At Montclerg, East of the Prolific Timmins Gold District

GFG Resources Inc announced that it has received CAD 2.051743 million in funding from Alamos Gold Inc.

GFG Resources Inc Appoints Natalie Pietrzak-Renaud as Vice President, Exploration

GFG Resources Inc announced that it expects to receive CAD 2 million in funding

GFG Resources Inc Confirms Continuity Drills 3.40 g/t Au Over 15.0 m at the Montclerg Gold Project, East of the Prolific Timmins Gold District

GFG Resources Inc. Reports New Assay Results from Its 2022 Phase 1 Drill Program At the Montclerg Gold Project

GFG Resources Inc Reports Encouraging Initial Assay Results from the First Seven Holes of Its 2022 Phase 1 Drill Program At the Montclerg Gold Project

GFG Resources Inc (TSXV:GFG) completed the acquisition of Aljo Mine Gold Claims in the Timmins Gold District.

GFG Resources Inc (TSXV:GFG) acquired Aljo Mine Gold Claims in the Timmins Gold District from International Explorers and Prospectors Inc. for CAD 1.2 million.

GFG Resources Inc Announces the Resignation of Rob Mackie as Vice President of Exploration

GFG Resources Inc (TSXV:GFG) entered into a binding letter of intent to acquire Aljo Mine Gold Claims in the Timmins Gold District for CAD 1.2 million.

GFG Resources Inc. Reports New Assay Results from Significant Gold Mineralization At the Montclerg Gold Project

GFG Intercepts Multiple Gold Zones in First Hole at the Montclerg Gold Project and Provides Corporate Update

GFG Resources Inc announced that it has received CAD 3.114655 million in funding

President recently sold €71k worth of stock

GFG Provides Initial Drill Results from 2021 Phase 1 Drill Program at the Pen Gold Project West of Timmins, ON

GFG Resources Inc. Provides Update on On-Going Exploration Program at 100% Owned Pen Gold Project in Ontario, Canada

GFG Resources Inc. Provides Results from 2020 Phase 2 Drill Program and Begins 4,000 M Drill Program At the Pen Gold Project West of Timmins

GFG Resources Inc. Announces Initial Drill Results from Recently Completed Phase 2 Drill Program at the Pen Gold Project West of Timmins

GFG Resources Inc Identifies New High-Grade Gold Target and Provides Drilling Update at the Pen Gold Project, West of Timmins, ON

GFG Resources Inc Auditor Raises 'Going Concern' Doubt

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age