P2 Gold Management

Management criteria checks 4/4

P2 Gold's CEO is Joe Ovsenek, appointed in May 2020, has a tenure of 4.42 years. total yearly compensation is CA$79.70K, comprised of 88.9% salary and 11.1% bonuses, including company stock and options. directly owns 8.38% of the company’s shares, worth €688.60K. The average tenure of the management team and the board of directors is 3.8 years and 4.2 years respectively.

Key information

Joe Ovsenek

Chief executive officer

CA$79.7k

Total compensation

CEO salary percentage	88.9%
CEO tenure	4.4yrs
CEO ownership	8.4%
Management average tenure	3.8yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Joe Ovsenek's remuneration changed compared to P2 Gold's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	CA$2m
Mar 31 2024	n/a	n/a	CA$628k
Dec 31 2023	CA$80k	CA$71k	-CA$4m
Sep 30 2023	n/a	n/a	-CA$6m
Jun 30 2023	n/a	n/a	-CA$11m
Mar 31 2023	n/a	n/a	-CA$11m
Dec 31 2022	CA$108k	CA$100k	-CA$13m
Sep 30 2022	n/a	n/a	-CA$13m
Jun 30 2022	n/a	n/a	-CA$10m
Mar 31 2022	n/a	n/a	-CA$29m
Dec 31 2021	CA$64k	CA$50k	-CA$27m

Compensation vs Market: Joe's total compensation ($USD58.72K) is below average for companies of similar size in the German market ($USD499.40K).

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

CEO

Joe Ovsenek (65 yo)

4.4yrs

Tenure

CA$79,704

Compensation

Mr. Joseph J. Ovsenek, P.Eng. L.L.B, also known as Joe, serves as Director at Austin Gold Corp. since April 22, 2020 and serves as its Chairman since January 2023. He serves as Independent Director at Copp...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Ovsenek	Chairman	4.4yrs	CA$79.70k	8.38% CA$ 688.6k
Grant Bond	Chief Financial Officer	3.3yrs	CA$255.25k	0.039% CA$ 3.2k
Kenneth McNaughton	Chief Exploration Officer & Director	3.8yrs	CA$78.87k	11.45% CA$ 941.3k
Michelle Romero	Director & Executive VP	3.8yrs	CA$77.22k	1.13% CA$ 93.1k

3.8yrs

Average Tenure

65yo

Average Age

Experienced Management: 4Z9's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Ovsenek	Chairman	4.5yrs	CA$79.70k	8.38% CA$ 688.6k
Kenneth McNaughton	Chief Exploration Officer & Director	3.9yrs	CA$78.87k	11.45% CA$ 941.3k
Michelle Romero	Director & Executive VP	3.8yrs	CA$77.22k	1.13% CA$ 93.1k
Tom Yip	Director	3.4yrs	no data	0.078% CA$ 6.4k
Marcus Chalk	Independent Director	4.2yrs	no data	0.23% CA$ 19.1k
Olav Langelaar	Independent Director	4.2yrs	no data	0.11% CA$ 9.2k
Ron MacDonald	Independent Director	4.4yrs	no data	0.26% CA$ 21.7k

4.2yrs

Average Tenure

65yo

Average Age

Experienced Board: 4Z9's board of directors are considered experienced (4.2 years average tenure).

P2 Gold Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

Insufficient new directors

P2 Gold Inc., Annual General Meeting, May 08, 2024

Insufficient new directors

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Less than half of directors are independent

P2 Gold Inc. announced that it expects to receive CAD 0.5 million in funding

Eskay Mining Corp. (TSXV:ESK) terminated the non-binding letter of intent to acquire P2 Gold Inc. (TSXV:PGLD).

Eskay Mining Corp. (TSXV:ESK) signed a letter of intent to acquire P2 Gold Inc. (TSXV:PGLD) for CAD 11.2 million.

Insufficient new directors

P2 Gold Increases Scale of Gabbs with Annual Average Production of 104,000 Ounces Gold and 13,500 Tonnes Copper over 14.2 Years in Positive Pea

New major risk - Financial position

P2 Gold Increases Inferred Resources At Gabbs by 69%

P2 Gold Inc., Annual General Meeting, May 08, 2024

Insufficient new directors

P2 Gold Inc. announced that it expects to receive CAD 0.52 million in funding

P2 Gold Inc. Provides an Update on Its Activities

P2 Gold Inc. Announces Positive Gabbs Updated Preliminary Economic Assessment with Life of Mine Production of 1.86 Million Gold Equivalent Ounces

P2 Gold Inc. Provides BAM Update

P2 Gold Inc. Commences Drilling At Its Gold-Copper BAM Project Located in the Golden Triangle of Northwest British Columbia

P2 Gold Identifies Porphyry Exploration Targets at BAM Project

P2 Gold Inc. Announces Initial Mineral Resource Estimate for the Monarch Gold Zone At the Bam Project

P2 Gold Inc. announced that it has received CAD 0.73585 million in funding

P2 Gold Inc. announced that it expects to receive CAD 0.5075 million in funding

P2 Gold Announces Remaining Drill Results from 2022 Drill Program including Drill Hole BAM-061 with 1.73 g/t gold over 46.5 meters

Less than half of directors are independent

P2 Gold Inc. announced that it expects to receive CAD 1.08 million in funding

P2 Gold Inc. announced that it expects to receive CAD 1.08 million in funding

P2 Gold Inc. Drilling at BAM Intersects 1.38 g/t Gold over 80.0 meters

P2 Gold Inc. Reports Results from Drill Holes BAM-016 to 031 of the 2022 Drill Program and Initial Geophysics Survey Results At Its Gold-Copper Bam Project Located in the Golden Triangle in Northwest British Columbia

P2 Gold Inc. Reports Results from the First Drill Holes of the 2022 Drill Program at Its Gold-Copper Bam Project Located in the Golden Triangle in Northwest British Columbia

P2 Gold Inc. Announces Gabbs Drilling Intersects 1.57 G/T Gold Equivalent over 24.39 Meters Within A 112.77-Meter Intercept of 0.81 G/T Gold Equivalent At Lucky Strike

P2 Gold Inc. announced that it has received CAD 3.2515 million in funding

P2 Gold Inc. announced that it expects to receive CAD 2.54 million in funding

P2 Gold Inc. Reports That the 2022 Exploration Program At Its Gold-Copper Bam Project Located in the Golden Triangle in Northwest British Columbia Is Underway

P2 Gold Inc. announced that it has received CAD 1.3294 million in funding

P2 Gold Inc. Reports Positive Test Results from the Phase Two Metallurgical Program for its Gold-Copper Gabbs Project Located

P2 Gold Inc. announced that it expects to receive CAD 2.016 million in funding

Less than half of directors are independent

P2 Gold Inc. Reports Results from Four Reverse Circulation Drill Holes Drilled at Sullivan Zone as Part of the Initial 2022 Drill Program at its Gabbs Project Located on the Walker-Lane Trend in Nevada

P2 Gold Inc. Reports Results from the First Four Reverse Circulation Drill Holes of the Initial 2022 Drill Program At Its Gabbs Project

P2 Gold Inc., Annual General Meeting, May 12, 2022

P2 Gold Inc. Announces Significant Increase in Mineral Resource for Gabbs

P2 Gold Inc. Commences Drilling at Gabbs and Provides Project Update

P2 Gold Inc. Provides Update on BAM Project

P2 Gold Inc. announced that it has received CAD 5.678674 million in funding from Cordillera Minerals Group Ltd., Sprott Asset Management, LP and other investors

P2 Gold Inc. announced that it expects to receive CAD 2.31 million in funding

P2 Gold Inc. Reports Results from the Final 11 Reverse Circulation Drill Holes

P2 Gold Inc. Reports Results from the First Two Holes of Phase One Drilling at Sullivan Zone of its Gabbs Project Located on the Walker-Lane Trend in Nevada

P2 Gold Inc. Reports Results from the First Three Holes Drilled to Test the Newly-Discovered Monarch Gold Zone at its Bam Property Located in the Golden Triangle in Northwest British Columbia

P2 Gold Inc. Starts Drilling at BAM

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age