Torex Gold Resources Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Jody L. Kuzenko

Chief executive officer

US$3.1m

Total compensation

CEO salary percentage	19.9%
CEO tenure	4yrs
CEO ownership	0.1%
Management average tenure	3.4yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jody L. Kuzenko's remuneration changed compared to Torex Gold Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$179m
Dec 31 2023	US$3m	US$623k	US$204m
Sep 30 2023	n/a	n/a	US$189m
Jun 30 2023	n/a	n/a	US$222m
Mar 31 2023	n/a	n/a	US$217m
Dec 31 2022	US$3m	US$593k	US$189m
Sep 30 2022	n/a	n/a	US$154m
Jun 30 2022	n/a	n/a	US$146m
Mar 31 2022	n/a	n/a	US$137m
Dec 31 2021	US$2m	US$635k	US$152m
Sep 30 2021	n/a	n/a	US$244m
Jun 30 2021	n/a	n/a	US$268m
Mar 31 2021	n/a	n/a	US$211m
Dec 31 2020	US$3m	US$448k	US$109m
Sep 30 2020	n/a	n/a	US$52m
Jun 30 2020	n/a	n/a	US$19m
Mar 31 2020	n/a	n/a	US$26m
Dec 31 2019	US$1m	US$302k	US$71m
Sep 30 2019	n/a	n/a	US$38m
Jun 30 2019	n/a	n/a	US$34m
Mar 31 2019	n/a	n/a	US$12m
Dec 31 2018	US$820k	US$50k	US$23m

Compensation vs Market: Jody L.'s total compensation ($USD3.13M) is above average for companies of similar size in the German market ($USD1.48M).

Compensation vs Earnings: Jody L.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Jody L. Kuzenko (54 yo)

4yrs

Tenure

US$3,134,684

Compensation

Ms. Jody L. M. Kuzenko, LLB,ICD D, is Independent Director of The Mosaic Company from January 01, 2024. She has been Chief Executive Officer, President & Non-Independent Director of Torex Gold Resources In...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jody L. Kuzenko	CEO, President & Non-Independent Director	4yrs	US$3.13m	0.12% $ 1.5m
Andrew Snowden	Chief Financial Officer	3.4yrs	US$1.45m	0.041% $ 515.1k
Dave Stefanuto	Executive Vice President of Technical Services & Capital Projects	2.8yrs	US$1.13m	no data
Angela Robson	Senior Vice President of Human Resources	2.3yrs	US$822.81k	0.011% $ 132.5k
Faysal Rodriguez	Senior Vice President of Mexico	2.2yrs	US$1.03m	no data
Daniel James Rollins	Senior Vice President of Corporate Development & Investor Relations	5.1yrs	no data	0.014% $ 170.6k
Mary Batoff	General Counsel & Corporate Secretary	9.9yrs	no data	0.030% $ 375.7k

3.4yrs

Average Tenure

Experienced Management: 73GN's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jody L. Kuzenko	CEO, President & Non-Independent Director	4yrs	US$3.13m	0.12% $ 1.5m
Jay Kellerman	Independent Director	3yrs	US$195.29k	0.017% $ 215.4k
Rosalie Moore	Independent Director	3yrs	US$184.91k	0.018% $ 229.3k
Tony Giardini	Independent Director	3yrs	US$208.77k	0.042% $ 527.0k
Roy Slack	Independent Director	4yrs	US$194.62k	0.034% $ 419.5k
Richard Howes	Independent Chairman of the Board	4yrs	US$254.72k	0.024% $ 304.1k
Jennifer Hooper	Independent Director	3yrs	US$194.62k	0.0096% $ 119.6k
Rodrigo Sandoval	Independent Director	1.8yrs	US$188.68k	0.0098% $ 122.9k

3.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 73GN's board of directors are considered experienced (3 years average tenure).

Torex Gold Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Torex Gold Resources Inc., Annual General Meeting, Jun 26, 2024

Torex Gold Resources Inc. Announces Elizabeth Wademan Steps Down as Director

High number of new and inexperienced directors

Torex Gold Resources Inc. Announces Retirement of Frank Davis from Board of Directors

High number of new and inexperienced directors

Torex Gold Resources Inc., Annual General Meeting, Jun 22, 2022

Recent updates

Torex Gold Resources Inc. Provides Details on Multi-Year Exploration Strategy for its Highly Prospective Morelos Property

First quarter 2024 earnings released: EPS: US$0.50 (vs US$0.79 in 1Q 2023)

New major risk - Revenue and earnings growth

Torex Gold Resources Inc., Annual General Meeting, Jun 26, 2024

Torex Gold Resources Inc. to Report Q1, 2024 Results on May 08, 2024

Investor sentiment improves as stock rises 19%

Full year 2023 earnings released: EPS: US$2.38 (vs US$2.20 in FY 2022)

Torex Gold Resources Inc. Provides Production Guidance for the Year of 2024

Torex Gold Resources Inc. to Report Q4, 2023 Results on Feb 21, 2024

Investor sentiment improves as stock rises 18%

Torex Gold Resources Inc. Reports Results from 2023 Exploration Drilling Program at Media Luna West

New minor risk - Share price stability

Torex Gold Resources Inc. Reports Impressive Results from the 2023 ELG Underground Drilling Program

Third quarter 2023 earnings released: EPS: US$0.12 (vs US$0.51 in 3Q 2022)

Torex Gold Resources Inc. Provides Production Guidance for the Full Year 2023

Torex Gold Resources Inc. Provides Update on the Development of its Media Luna Project

Torex Gold Resources Inc. to Report Q3, 2023 Results on Nov 14, 2023

Torex Gold Resources Inc. Reports Results from 2023 Drilling at EPO

New major risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$0.88 (vs US$0.82 in 2Q 2022)

Torex Gold Resources Inc. to Report Q2, 2023 Results on Aug 02, 2023

Torex Gold Resources Inc. Reports Positive Drilling Results from El Limon Guajes Underground

Torex Gold Resources Inc. Announces Elizabeth Wademan Steps Down as Director

Investor sentiment deteriorates as stock falls 20%

First quarter 2023 earnings released: EPS: US$0.79 (vs US$0.47 in 1Q 2022)

Investor sentiment improves as stock rises 20%

Investor sentiment improves as stock rises 18%

Full year 2022 earnings released: EPS: US$2.20 (vs US$1.77 in FY 2021)

Torex Gold Resources Inc. Provides Inaugural Quarterly Update on Media Luna Project

Torex Gold Resources Inc. Provides Production Guidance for the Full Years 2022 and 2023

Torex Gold Resources Inc. to Report Q4, 2022 Results on Feb 22, 2023

Investor sentiment improved over the past week

Torex Gold Resources Inc. Reports Impressive Results from Ongoing Drilling at ELG Mine Complex

High number of new and inexperienced directors

Third quarter 2022 earnings released: EPS: US$0.51 (vs US$0.43 in 3Q 2021)

Torex Gold Resources Inc. Provides Operating Guidance for the Year 2022

Torex Gold Resources Inc. to Report Q3, 2022 Results on Nov 09, 2022

Torex Gold Resources Inc. Receives Key Environmental Permit for Media Luna

Investor sentiment improved over the past week

Torex Gold Resources Inc. Reports Positive Assay Results from the Company's Ongoing Drill Program At the El Limón Guajes Underground Mine

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: US$0.82 (vs US$0.71 in 2Q 2021)

Torex Gold Resources Inc. to Report Q2, 2022 Results on Aug 03, 2022

Torex Gold Reports Results of Expansion Drilling Within Media Luna Cluster

Torex Gold Resources Inc. Announces Retirement of Frank Davis from Board of Directors

First quarter 2022 earnings released: EPS: US$0.47 (vs US$0.64 in 1Q 2021)

High number of new and inexperienced directors

Torex Gold Resources Inc., Annual General Meeting, Jun 22, 2022

Torex Gold Resources Inc. to Report Q1, 2022 Results on May 11, 2022

Torex Gold Resources Inc. Reports Updated Media Luna Resource Estimate

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment improved over the past week

Torex Gold Resources Inc. Provides 2021 and 2022 Operational Guidance for its El Limón Guajes

Independent Chairman of the Board recently bought €58k worth of stock

Torex Gold Resources Inc. Reports Results from the 2021 Drill Program At ELG Underground

Independent Director recently bought €137k worth of stock

Third quarter 2021 earnings released: EPS US$0.43 (vs US$0.70 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.71 (vs US$0.044 in 2Q 2020)

High number of new and inexperienced directors

Independent Director David Fennell has left the company

Executive Chairman of the Board Frederick Stanford has left the company

Independent Director Robin Bienenstock has left the company

Torex Gold Resources Inc. Reports Updated Media Luna Resource Estimate

Independent Director recently sold €195k worth of stock

First quarter 2021 earnings released: EPS US$0.64 (vs US$0.55 loss in 1Q 2020)

Torex Gold Resources Inc. Provides Production Guidance for the Year of 2021

Full year 2020 earnings released: EPS US$1.28 (vs US$0.83 in FY 2019)

Revenue misses expectations

New 90-day low: €10.13