Gruvaktiebolaget Viscaria Management

Management criteria checks 2/4

Gruvaktiebolaget Viscaria's CEO is Jorgen Olsson, appointed in Sep 2023, has a tenure of 1.17 years. total yearly compensation is SEK3.29M, comprised of 21.3% salary and 78.7% bonuses, including company stock and options. directly owns 3.3% of the company’s shares, worth €7.03M. The average tenure of the management team and the board of directors is 1.1 years and 3.6 years respectively.

Key information

Jorgen Olsson

Chief executive officer

SEK 3.3m

Total compensation

CEO salary percentage	21.3%
CEO tenure	1.2yrs
CEO ownership	3.3%
Management average tenure	1.1yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jorgen Olsson's remuneration changed compared to Gruvaktiebolaget Viscaria's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-SEK 39m
Jun 30 2024	n/a	n/a	-SEK 38m
Mar 31 2024	n/a	n/a	-SEK 34m
Dec 31 2023	SEK 3m	SEK 700k	-SEK 30m
Sep 30 2023	n/a	n/a	-SEK 29m
Jun 30 2023	n/a	n/a	-SEK 29m
Mar 31 2023	n/a	n/a	-SEK 25m
Dec 31 2022	SEK 2m	n/a	-SEK 22m
Sep 30 2022	n/a	n/a	-SEK 17m
Jun 30 2022	n/a	n/a	-SEK 17m
Mar 31 2022	n/a	n/a	-SEK 15m
Dec 31 2021	SEK 2m	n/a	-SEK 16m
Sep 30 2021	n/a	n/a	SEK 4m
Jun 30 2021	n/a	n/a	SEK 269k
Mar 31 2021	n/a	n/a	SEK 3m
Dec 31 2020	SEK 256k	n/a	SEK 7m

Compensation vs Market: Jorgen's total compensation ($USD299.48K) is below average for companies of similar size in the German market ($USD790.61K).

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

CEO

Jorgen Olsson (64 yo)

1.2yrs

Tenure

SEK 3,291,000

Compensation

Mr. Jorgen Olsson serves as Chief Executive Officer of Gruvaktiebolaget Viscaria (formerly known as Copperstone Resources AB) since September 7, 2023 and serves as its President since 2023 and has been its...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jorgen Olsson	President	1.2yrs	SEK 3.29m	3.3% € 7.0m
Michael Mattsson	Head of Business Development	3.5yrs	SEK 100.00k	1.05% € 2.2m
Anna Tyni	Deputy CEO & Deputy MD	1.1yrs	SEK 1.80m	0.042% € 90.2k
Frida Keskitalo	Chief Financial Officer	1.6yrs	no data	no data
Karin Svensson	Head of Communications	no data	no data	no data
Peter Wihlborg	Head of Environment & Sustainability	1.1yrs	no data	0.0021% € 4.4k
Karin Lindgren	Head of Geology	1.8yrs	no data	no data
Christopher Wikman	Head of Mine	1.1yrs	no data	0.0017% € 3.7k
Thomas Nordmark	Head of Infrastructure & Logistics	1.1yrs	no data	0.0014% € 3.0k
Tove Tackdal	Head of Enrichment	3.8yrs	no data	no data
Emma Makitaavola	Head of Project Office	1.1yrs	no data	0.00035% € 745.6

1.1yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 5KP's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jorgen Olsson	President	4.5yrs	SEK 3.29m	3.3% € 7.0m
Markus Petajaniemi	Independent Vice Chairman	3yrs	SEK 300.00k	0.013% € 28.1k
Henrik Ager	Director	1.2yrs	SEK 4.90m	no data
Sven-Erik Bucht	Independent Director	5.5yrs	SEK 200.00k	0.12% € 251.8k
Jane Ericsson	Independent Director	4.5yrs	SEK 200.00k	0.066% € 139.7k
Lars Seiz	Independent Director	4.2yrs	SEK 200.00k	0.16% € 344.9k
Ing-Marie Drugge	Independent Director	2.5yrs	SEK 200.00k	0.000070% € 149.1
Per Colleen	Chairman	2.8yrs	SEK 200.00k	0.14% € 295.6k

3.6yrs

Average Tenure

63yo

Average Age

Experienced Board: 5KP's board of directors are considered experienced (3.6 years average tenure).

Gruvaktiebolaget Viscaria Management

Management criteria checks 2/4

Key information

Recent management updates

Gruvaktiebolaget Viscaria Announces Appointment of Nomination Committee

Copperstone Resources AB Announces Executive Changes

Copperstone Resources AB, Annual General Meeting, May 07, 2024

Copperstone Resources AB (Publ) Appoints Per Colleen as Chairman

Director recently bought €3.4m worth of stock

Copperstone Appoints Frida Keskitalo as CFO

Recent updates

New major risk - Revenue and earnings growth

No longer forecast to breakeven

Third quarter 2024 earnings released: kr0.051 loss per share (vs kr0.054 loss in 3Q 2023)

Gruvaktiebolaget Viscaria Announces Appointment of Nomination Committee

Second quarter 2024 earnings released: kr0.13 loss per share (vs kr0.11 loss in 2Q 2023)

New minor risk - Shareholder dilution

Copperstone Resources AB Receives Permit from the Land and Environment Court

First quarter 2024 earnings released: kr0.13 loss per share (vs kr0.097 loss in 1Q 2023)

Full year 2023 earnings released: kr0.36 loss per share (vs kr0.33 loss in FY 2022)

Copperstone Resources AB to Report Fiscal Year 2024 Results on Feb 20, 2025

Full year 2023 earnings released: kr0.36 loss per share (vs kr0.34 loss in FY 2022)

Forecast to breakeven in 2026

Copperstone Resources AB Completes an Upgrade of the Mineral Resources in the Eva Deposit in Arvidsjaur

Third quarter 2023 earnings released: kr0.001 loss per share (vs kr0.003 loss in 3Q 2022)

New major risk - Revenue and earnings growth

Copperstone Resources AB to Report Nine Months, 2024 Results on Nov 08, 2024

Copperstone Resources AB Announces Executive Changes

Copperstone Resources AB, Annual General Meeting, May 07, 2024

Copperstone Resources AB (Publ) Appoints Per Colleen as Chairman

Second quarter 2023 earnings released: kr0.005 loss per share (vs kr0.004 loss in 2Q 2022)

New major risk - Revenue and earnings growth

New major risk - Share price stability

Director recently bought €3.4m worth of stock

Copperstone Resources AB has completed a Follow-on Equity Offering in the amount of SEK 265.999999 million.

First quarter 2023 earnings released: kr0.005 loss per share (vs kr0.003 loss in 1Q 2022)

Full year 2022 earnings released: kr0.014 loss per share (vs kr0.017 loss in FY 2021)

Copperstone Appoints Frida Keskitalo as CFO

Copperstone Resources New CEO Henrik Ager Assumes His Position

Third quarter 2022 earnings released: kr0.003 loss per share (vs kr0.003 loss in 3Q 2021)

Copperstone Resources AB Announces Successful Mineral Resource Upgrade at its Viscaria Mine

High number of new directors

Copperstone Resources AB has completed a Follow-on Equity Offering in the amount of SEK 234.840749 million.

CopperstoneResources AB (publ) Announces Executive Changes

Second quarter 2022 earnings released: kr0.004 loss per share (vs kr0.003 loss in 2Q 2021)

CopperstoneResources AB (publ) Updates on the Environmental Permit Application for the Viscaria Mine

Full year 2021 earnings released: kr0.017 loss per share (vs kr0.012 profit in FY 2020)

High number of new and inexperienced directors

Head of Business Development & Director recently sold €117k worth of stock

Copperstone Resources AB (publ) Submits an Environmental Permit Application for the Viscaria Mine

Copperstone Resources AB to Report Fiscal Year 2021 Final Results on Apr 22, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Copperstone Resources AB has completed a Follow-on Equity Offering in the amount of SEK 147.911617 million.

Third quarter 2021 earnings released: kr0.003 loss per share (vs kr0.011 loss in 3Q 2020)

Executive Chairman recently bought €119k worth of stock

Second quarter 2021 earnings released: kr0.003 loss per share (vs kr0.001 loss in 2Q 2020)

Independent Director recently sold €339k worth of stock

Head of Business Development & Director recently sold €224k worth of stock

Copperstone Resources AB announced that it expects to receive SEK 8.46 million in funding from Norrlandsfonden

First quarter 2021 earnings released: kr0.006 loss per share (vs kr0.003 loss in 1Q 2020)

Full year 2020 earnings released: EPS kr0.012 (vs kr0.034 loss in FY 2019)

Independent Director has left the company

Copperstone Resources AB Announces Resignation of Malcolm Norris from Board

Copperstone Resources AB Increases Copper Resources in Viscaria, in Addition Magnetite Confirmed as A Potentially Valuable By-Product

Copperstone Resources AB to Report Q1, 2021 Results on May 19, 2021

Earnings released

Copperstone Resources AB announced that it expects to receive SEK 2 million in funding from Norrlandsfonden

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age