Salazar Resources Management

Management criteria checks 3/4

Salazar Resources' CEO is Fredy Salazar, appointed in Mar 2007, has a tenure of 17.67 years. total yearly compensation is CA$271.29K, comprised of 21.6% salary and 78.4% bonuses, including company stock and options. directly owns 17.26% of the company’s shares, worth €2.09M. The average tenure of the management team and the board of directors is 11.4 years and 17.7 years respectively.

Key information

Fredy Salazar

Chief executive officer

CA$271.3k

Total compensation

CEO salary percentage	21.6%
CEO tenure	17.7yrs
CEO ownership	17.3%
Management average tenure	11.4yrs
Board average tenure	17.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Fredy Salazar's remuneration changed compared to Salazar Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CA$7m
Mar 31 2024	n/a	n/a	-CA$6m
Dec 31 2023	CA$271k	CA$59k	-CA$6m
Sep 30 2023	n/a	n/a	-CA$5m
Jun 30 2023	n/a	n/a	-CA$4m
Mar 31 2023	n/a	n/a	-CA$4m
Dec 31 2022	CA$271k	CA$76k	-CA$4m
Sep 30 2022	n/a	n/a	-CA$319k
Jun 30 2022	n/a	n/a	CA$3m
Mar 31 2022	n/a	n/a	CA$3m
Dec 31 2021	CA$581k	CA$133k	CA$3m
Sep 30 2021	n/a	n/a	-CA$603k
Jun 30 2021	n/a	n/a	-CA$535k
Mar 31 2021	n/a	n/a	-CA$661k
Dec 31 2020	CA$407k	CA$102k	-CA$997k
Sep 30 2020	n/a	n/a	-CA$1m
Jun 30 2020	n/a	n/a	-CA$1m
Mar 31 2020	n/a	n/a	-CA$1m
Dec 31 2019	CA$262k	CA$95k	-CA$1m
Sep 30 2019	n/a	n/a	-CA$4m
Jun 30 2019	n/a	n/a	-CA$61k
Mar 31 2019	n/a	n/a	CA$228k
Dec 31 2018	CA$226k	CA$97k	CA$1m
Sep 30 2018	n/a	n/a	CA$4m
Jun 30 2018	n/a	n/a	-CA$361k
Mar 31 2018	n/a	n/a	-CA$902k
Dec 31 2017	CA$201k	CA$153k	-CA$2m

Compensation vs Market: Fredy's total compensation ($USD193.44K) is below average for companies of similar size in the German market ($USD474.54K).

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

CEO

Fredy Salazar

17.7yrs

Tenure

CA$271,292

Compensation

Mr. Fredy Enrique Salazar serves as President and Chief Executive Officer of Salazar Resources Limited. He is a Director at Salazar Resources Limited. since March 08, 2007.He is a professional Geologist r...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Fredy Salazar	President	17.7yrs	CA$271.29k	17.26% € 2.1m
Pablo Acosta	CFO & Director	17.7yrs	CA$47.66k	0.49% € 59.1k
Freddy Salazar	Manager of Corporate Development & Company Secretary	1.8yrs	no data	no data
Francisco Soria Venegas	Exploration Manager & Member of Advisory Board	no data	no data	no data
Carlos Guevara	Senior Geologist	5.1yrs	no data	no data

11.4yrs

Average Tenure

Experienced Management: CCG's management team is seasoned and experienced (11.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Fredy Salazar	President	17.7yrs	CA$271.29k	17.26% € 2.1m
Pablo Acosta	CFO & Director	17.7yrs	CA$47.66k	0.49% € 59.1k
Francisco Soria Venegas	Exploration Manager & Member of Advisory Board	no data	no data	no data
Nick DeMare	Independent Director & Assistant Corporate Secretary	36.4yrs	CA$75.87k	0.77% € 93.0k
Merlin Marr-Johnson	Independent Non Executive Director	5.8yrs	CA$29.50k	0.11% € 13.7k

17.7yrs

Average Tenure

Experienced Board: CCG's board of directors are seasoned and experienced ( 17.7 years average tenure).

Salazar Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Salazar Resources Limited, Annual General Meeting, Jun 19, 2024

Salazar Resources Limited, Annual General Meeting, Jan 19, 2023

Recent updates

Salazar Resources Limited to Report Nine Months, 2024 Results on Nov 29, 2024

Salazar Resources Limited to Report Nine Months, 2024 Results on Nov 29, 2024

Salazar Resources Limited announced that it has received CAD 0.4998 million in funding

Salazar Resources Limited announced that it expects to receive CAD 0.4998 million in funding

Insufficient new directors

New minor risk - Shareholder dilution

Salazar Resources Limited announced that it has received CAD 1.53 million in funding

Salazar Resources Limited, Annual General Meeting, Jun 19, 2024

Salazar Resources Limited announced that it has received CAD 0.162243 million in funding

Salazar Resources Limited announced that it expects to receive CAD 1.5 million in funding

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

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

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

Salazar Resources Limited, Annual General Meeting, Jan 19, 2023

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

Salazar Resources Limited announced that it expects to receive CAD 3 million in funding

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

Salazar Resources Limited Announces the Final Results from the 2,575m Los Santos Exploration Drilling Program

Salazar Resources Limited Reports Trench and Drill Results from Los Santos

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

Salazar Resources Limited Reports 20.2 G/T Au and 1,217 G/T Ag in Grab Sample, and Visible Gold in Drill Core At Los Santos, Partial Assays Received from Rumiñahui

Salazar Resources Limited Announces Latest Drill Holes OSO-03 and OSO-05

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

Independent Director has left the company

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

Adventus and Salazar Announces Drilling Results at the El Domo Deposit

Salazar Resources Limited Reports Initial Assay Results from the Wholly-Owned Los Osos Project in El Oro, Ecuador

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

Salazar Resources Limited announced that it has received CAD 6.5002 million in funding

New 90-day high: €0.25

Salazar Resources Limited announced that it expects to receive CAD 6.5002 million in funding

New 90-day high: €0.25

Salazar Resources Limited Announces Plans for the Most Active Exploration Program in Its 14-Year History Which Will See Drilling Undertaken At Four of Its 100% Owned Properties

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

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

Salazar Resources Limited Provides an Update on Its Wholly Owned Los Osos Project, Held by Minera Del Valle S.A

Salazar Resources Limited Starts Ground-Based Gravity and Magnetic Geophysical Survey At the 100% Owned Macara Gold

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

Salazar Resources Limited Announces Start of A 5,000 Meter Diamond Drill Program At Its Los Osos Copper-Gold Property

New 90-day high - €0.24

New 90-day high - €0.22

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure