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Adventus Mining Management

Management criteria checks 2/4

Adventus Mining's CEO is Christian Kargl-Simard, appointed in Dec 2016, has a tenure of 7.67 years. total yearly compensation is $384.91K, comprised of 58.8% salary and 41.2% bonuses, including company stock and options. directly owns 0.48% of the company’s shares, worth €688.91K. The average tenure of the management team and the board of directors is 7.1 years and 1.6 years respectively.

Key information

Christian Kargl-Simard

Chief executive officer

US$384.9k

Total compensation

CEO salary percentage	58.8%
CEO tenure	7.7yrs
CEO ownership	0.5%
Management average tenure	7.1yrs
Board average tenure	1.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Christian Kargl-Simard's remuneration changed compared to Adventus Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$12m
Dec 31 2023	US$385k	US$226k	-US$11m
Sep 30 2023	n/a	n/a	-US$6m
Jun 30 2023	n/a	n/a	-US$6m
Mar 31 2023	n/a	n/a	-US$6m
Dec 31 2022	US$362k	US$222k	-US$5m
Sep 30 2022	n/a	n/a	US$14m
Jun 30 2022	n/a	n/a	US$18m
Mar 31 2022	n/a	n/a	US$20m
Dec 31 2021	US$375k	US$237k	US$19m
Sep 30 2021	n/a	n/a	US$1m
Jun 30 2021	n/a	n/a	-US$2m
Mar 31 2021	n/a	n/a	-US$2m
Dec 31 2020	US$354k	US$200k	-US$3m
Sep 30 2020	n/a	n/a	-US$4m
Jun 30 2020	n/a	n/a	-US$4m
Mar 31 2020	n/a	n/a	-US$5m
Dec 31 2019	US$355k	US$193k	-US$5m
Sep 30 2019	n/a	n/a	-US$6m
Jun 30 2019	n/a	n/a	-US$3m
Mar 31 2019	n/a	n/a	-US$2m
Dec 31 2018	US$330k	US$183k	-US$1m
Sep 30 2018	n/a	n/a	-US$484k
Jun 30 2018	n/a	n/a	-US$3m
Mar 31 2018	n/a	n/a	-US$3m
Dec 31 2017	US$357k	US$186k	-US$3m

Compensation vs Market: Christian's total compensation ($USD384.91K) is below average for companies of similar size in the German market ($USD763.46K).

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

CEO

Christian Kargl-Simard (40 yo)

7.7yrs

Tenure

US$384,914

Compensation

Mr. Christian Peter-Thomas Kargl-Simard, P.Eng. serves as Independent Director of NorthX Nickel Corp. (formerly known as Archer Exploration Corp.) since November 18, 2022. He serves as Non-Executive Indepe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christian Kargl-Simard	President	7.7yrs	US$384.91k	0.48% $ 688.9k
Frances Kwong	CFO, VP of Finance & Corporate Secretary	6.8yrs	US$224.91k	0.018% $ 25.8k
Yee Leung	Vice President of Corporate Development	7.4yrs	US$257.36k	0.077% $ 111.2k
Skott Mealer	Vice President	2.5yrs	US$405.20k	0.11% $ 159.5k
Nelson Yanes Godoy	VP of Human Resources & Chief Compliance Officer	no data	no data	no data

7.1yrs

Average Tenure

Experienced Management: AZC's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christian Kargl-Simard	President	7.7yrs	US$384.91k	0.48% $ 688.9k
David Farrell	Independent Director	less than a year	no data	0.040% $ 58.5k
Marshall Koval	Independent Director	less than a year	no data	0.44% $ 633.3k
Maryse Belanger	Independent Non-Executive Chairman	less than a year	no data	0.0045% $ 6.5k
Ronald Halas	Independent Director	less than a year	no data	no data
Gerardo Fernandez-Tobar	Non-Executive Advisor to the Board	1.6yrs	no data	no data
Leif Nilsson	Independent Director	1.9yrs	US$26.42k	0.0066% $ 9.5k
Christian Aramayo	Non-Executive Advisor	1.7yrs	no data	no data
David Darquea Schettini	Director	1.9yrs	no data	0.011% $ 15.7k
Karina Rogers	Independent Director	1.8yrs	US$26.42k	no data

1.6yrs

Average Tenure

55yo

Average Age

Experienced Board: AZC's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

This company listing is no longer active

Adventus Mining Management

Management criteria checks 2/4

Key information

Recent management updates

Adventus Mining Corporation, Annual General Meeting, Jun 06, 2024

Adventus Mining Corporation Announces Appointment of Maryse Bélanger as Non-Executive Director and Chair of the Board of Directors

Adventus Mining Corporation Appoints Gerardo Fernandez to Its Board of Directors

High number of new directors

Adventus Mining Corporation Appoints Christian Aramayo as Non-Executive Advisor to Its Board of Directors

High number of new directors

Recent updates

Adventus Shares to Be Delisted from the TSX Venture Exchange

Adventus Mining Corporation announced that it has received CAD 25.627662 million in funding from Silvercorp Metals Inc.

Silvercorp Metals Inc. (TSX:SVM) entered into an agreement to acquire Adventus Mining Corporation (TSXV:ADZN) for CAD 89.5 million.

Adventus Mining Corporation announced that it expects to receive CAD 25.627662 million in funding from Silvercorp Metals Inc.

Adventus Mining Corporation, Annual General Meeting, Jun 06, 2024

Adventus Mining Corporation Announces Appointment of Maryse Bélanger as Non-Executive Director and Chair of the Board of Directors

New major risk - Shareholder dilution

Adventus Mining Corporation and Salazar Resources Limited, Announces Ministry of Energy and Mines of Ecuador Grant Approval for the Design, Construction, Operation, and Maintenance of Tailings Storage Facility

Adventus Mining Corporation and Salazar Resources Limited, Announces Ministry of Energy and Mines of Ecuador Grant Approval for the Design, Construction, Operation, and Maintenance of Tailings Storage Facility

Adventus Mining Corporation (TSXV:ADZN) completed the acquisition of Luminex Resources Corp. (TSXV:LR) from Ross J. Beaty and others for CAD 41.7 million.

Final Stage of the Environmental Consultation Process for the El Domo - Curipamba Project has been Completed - Clearing the Way for Issuance of the Environmental License

Adventus Mining Corporation announced that it has received $17.873707 million in funding

Adventus Mining Corporation (TSXV:ADZN) entered into an arrangement agreement to acquire Luminex Resources Corp. (TSXV:LR) for CAD 41.4 million.

New major risk - Share price stability

Adventus Mining Corporation and Salazar Resources Limited Provide an Update on El Domo - Curipamba Copper-Gold Project

Adventus Mining Corporation Appoints Gerardo Fernandez to Its Board of Directors

High number of new directors

Adventus Mining Corporation Appoints Christian Aramayo as Non-Executive Advisor to Its Board of Directors

Adventus Mining Corporation and Salazar Resources Limited Announce Additional Drilling Results for El Domo Underground - Including 9.46 Metres of 8.83% Copper Equivalent

Adventus Mining Corporation Draws Down on USD 13 Million Early Deposit from Wheaton Precious Metals

Adventus Mining Corporation announced that it expects to receive $5 million in funding from Ripconciv Construcciones Civiles Cia. Ltda., STRACON S.A.C.

Adventus Mining and Salazar Announce Additional Drilling Results for El Domo Underground - Including 5.50 Metres of 7.58% Copper Equivalent

High number of new directors

Adventus Mining Corporation Appoints Karina Rogers to Its Board of Directors

Adventus Mining and Salazar Announce First Batch of Drilling Results for El Domo Underground - Including 6.91 Metres of 6.17% Copper Equivalent

Adventus Mining Corporation Announces Board Changes

Adventus Mining Corporation Provides Technical Update on Development Progress for the Curipamba - El Domo Copper-Gold Project in Central Ecuador

Insufficient new directors

Adventus Mining Corporation Announces Board Changes

Adventus Mining and Salazar Announce Start of the Underground Mineral Resource Upgrade At El Domo and Ongoing Drilling Activities At the Curipamba Copper-Gold Project

Adventus Mining Corporation Provides Results from Its Maiden Drill Hole

Adventus Mining Corporation Announces the Resignation of Sally Eyre from the Board

Adventus Mining and Salazar Resources Receive Esia Technical Approval for the Curipamba-El Domo Copper-Gold Project in Ecuador

Insufficient new directors

Adventus Mining Corporation, Annual General Meeting, Jun 09, 2022

Adventus Mining Corporation Appoints Skott Mealer as Vice President and Officer

Key Executive recently bought €53k worth of stock

Insufficient new directors

Insider recently bought €65k worth of stock

Adventus Mining Corporation has completed a Composite Units Offering in the amount of CAD 33.532415 million.

Adventus Mining Corporation announced that it expects to receive $55 million in funding from Trafigura Pte Ltd

Adventus Mining Corporation and Salazar Provides an Exploration Update on its Projects in Ecuador

Adventus Mining Corporation Announces Commencement of Drilling on Rathkeale Property and Initial Results of Kingscourt Drill Program

Adventus and Salazar Announce Drilling Results At the El Domo Deposit Highlighted by 26.8% Copper Equivalent over 9.1 Metres

Adventus and Salazar Announce Drilling Results at the El Domo Deposit Highlighted by 4.35% Copper Equivalent Over 67.0 Metres

Adventus and Salazar Announce Drilling Results at the El Domo Deposit Highlighted by 11.55% Copper Equivalent Over 16.86 Metres and Provide a Regional Exploration Update for the Curipamba Project

Adventus Mining Corporation Announces Commencement of Exploration Drilling on Its Kingscourt Block in the Moynalty Basin in the Republic of Ireland

Adventus Mining Corporation and Salazar Resources Limited Announce Drilling Results at the El Domo Deposit

New 90-day low: €0.56

Adventus and Salazar Announces Drilling Results at the El Domo Deposit

Adventus and Salazar Announce Drilling Results at the El Domo Deposit Highlighted by 13.61% Copper Equivalent Over 16.96 Metres

President recently sold €60k worth of stock

Adventus Mining Corporation Announces Executive Changes

Adventus and Salazar Announce Drilling Results At the El Domo Deposit Highlighted by 17.38% Copper Equivalent over 5.70 Metres and Provide an Update on 2021 Exploration and Development Plans in Ecuador

New 90-day high: €0.74

Adventus Mining Corporation Announces Drilling Results at El Domo Deposit

Adventus and Salazar Announce Initial 2020-2021 Drill Program Results At the EL Domo Deposit Highlighted by 6.41% Copper Equivalent over 12.28 Metres Grading 2.77% Copper, 1.76 Gpt Gold, 1.79% Zinc, 155.3 Gpt Silver and 0.15% Lead

Adventus Mining Corporation and Salazar Resources Limited Provide Positive Progress Results from the El Domo Copper-Gold Feasibility Study

Adventus Mining Corporation and Salazar Resources Limited Identify Porphyry System at Pijili Project

Adventus Mining Corporation and Salazar Resources Limited Announce Restart of Drilling Activities at the Curipamba Project in Ecuador

Adventus Mining Corporation and Salazar Resources Limited Add Second Drill Rig to Exploration Program at the Pijili Project and Provide Drilling Progress Update

New 90-day low: €0.68

Adventus Mining Corporation has completed a Follow-on Equity Offering in the amount of CAD 35.000057 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team