Fresnillo Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Octavio Alvidrez

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	81.1%
CEO tenure	11.7yrs
CEO ownership	n/a
Management average tenure	3.5yrs
Board average tenure	8.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Octavio Alvidrez's remuneration changed compared to Fresnillo's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$1m	US$1m	US$234m
Sep 30 2023	n/a	n/a	US$227m
Jun 30 2023	n/a	n/a	US$219m
Mar 31 2023	n/a	n/a	US$246m
Dec 31 2022	US$916k	US$921k	US$272m
Sep 30 2022	n/a	n/a	US$254m
Jun 30 2022	n/a	n/a	US$236m
Mar 31 2022	n/a	n/a	US$329m
Dec 31 2021	US$975k	US$869k	US$421m
Sep 30 2021	n/a	n/a	US$516m
Jun 30 2021	n/a	n/a	US$612m
Mar 31 2021	n/a	n/a	US$493m
Dec 31 2020	US$939k	US$736k	US$374m
Sep 30 2020	n/a	n/a	US$286m
Jun 30 2020	n/a	n/a	US$198m
Mar 31 2020	n/a	n/a	US$201m
Dec 31 2019	US$1m	US$871k	US$204m
Sep 30 2019	n/a	n/a	US$197m
Jun 30 2019	n/a	n/a	US$190m
Mar 31 2019	n/a	n/a	US$270m
Dec 31 2018	US$886k	US$830k	US$350m
Sep 30 2018	n/a	n/a	US$416m
Jun 30 2018	n/a	n/a	US$482m
Mar 31 2018	n/a	n/a	US$521m
Dec 31 2017	US$1m	US$810k	US$561m

Compensation vs Market: Octavio's total compensation ($USD1.37M) is below average for companies of similar size in the German market ($USD3.42M).

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

CEO

Octavio Alvidrez (58 yo)

11.7yrs

Tenure

US$1,370,000

Compensation

Mr. Octavio M. Alvidrez has been Chief Executive Officer of Fresnillo plc since August 15, 2012. Mr. Alvidrez has extensive experience within the mining industry having previously held the position of Gene...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Octavio Alvidrez	Chief Executive Officer	11.7yrs	US$1.37m	no data
Mario Arreguin	Chief Financial Officer	16yrs	no data	no data
Tomas Iturriaga-Hidalgo	Chief Operating Officer	3.4yrs	no data	no data
Gabriela Mayor	Head of Investor Relations	no data	no data	no data
Exequiel Rolón	Head of Sustainability	no data	no data	no data
Guillermo Gastelum	Vice President of Exploration	3.3yrs	no data	no data
Daniel Diezas	Chief Operating Officer of Northern Region	less than a year	no data	no data
Gerardo Carreto	Company Secretary	3.5yrs	no data	no data

3.5yrs

Average Tenure

Experienced Management: FNL's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Jacobs	Senior Independent Non-executive Director	9.9yrs	US$122.00k	0.00022% $ 11.1k
Alejandro Bailleres Gual	Non-Independent Chairman	12yrs	US$47.00k	no data
Juan Aznar	Non-Independent Non-executive Director	16.3yrs	US$47.00k	0.0020% $ 102.6k
Georgina Kessel Martinez	Independent Non Executive Director	5.9yrs	US$54.00k	no data
Arturo Fernandez Perez	Non-Independent Non-Executive Director	16yrs	US$47.00k	no data
Hector Rangel	Independent Non-Executive Director	2.8yrs	US$47.00k	no data
Fernando Ruiz Sahagun	Non-Independent Non-Executive Director	16yrs	US$47.00k	0.0041% $ 204.6k
Victor Alberto Celorio	Independent Non-Executive Director	7.9yrs	US$68.00k	no data
Barbara Garza Laguera	Independent Non-Executive Director	9.9yrs	US$47.00k	no data
Eduardo Cepeda Fernández	Non-Independent Non-Executive Director	2.8yrs	US$47.00k	no data
Judith Macgregor	Independent Non-Executive Director	6.9yrs	US$122.00k	no data
Myriam De la Vega Arizpe	Independent Non-Executive Director	3.9yrs	US$47.00k	no data

8.9yrs

Average Tenure

72yo

Average Age

Experienced Board: FNL's board of directors are considered experienced (8.9 years average tenure).

Fresnillo Management

Management criteria checks 3/4

Key information

Recent management updates

Fresnillo plc Announces Board Changes

Fresnillo plc, Annual General Meeting, May 21, 2024

Fresnillo plc Announces New Executive Roles

Fresnillo plc, Annual General Meeting, May 17, 2022

Fresnillo plc Announces Management Changes

Fresnillo plc Announces Death of Luis Robles, Independent Non-Executive Director of the Company

Recent updates

New minor risk - Earnings quality

New major risk - Revenue and earnings growth

Fresnillo plc Reaffirms Production Guidance for the Full Year 2024

Upcoming dividend of US$0.042 per share

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

Fresnillo plc Announces Board Changes

Final dividend of US$0.042 announced

Fresnillo plc, Annual General Meeting, May 21, 2024

Full year 2023 earnings released: EPS: US$0.32 (vs US$0.37 in FY 2022)

Fresnillo plc Provides Production Guidance for the Year 2024

Fresnillo plc to Report Fiscal Year 2023 Results on Mar 05, 2024

Fresnillo plc Announces New Executive Roles

Coeur Mexicana S.A. de C.V. signed a purchase agreement to acquire Concessions Near the Palmarejo Mine from Fresnillo plc (LSE:FRES) for approximately $25 million.

Coeur Mexicana S.A. de C.V. signed a purchase agreement to acquire Concessions Near the Palmarejo Mine from Fresnillo plc (LSE:FRES) for approximately $25 million.

Fresnillo plc Reaffirms Production Guidance for the Year 2023

Fresnillo plc Declares Interim Dividend, Payable on September 14, 2023

Fresnillo plc to Report First Half, 2023 Results on Aug 01, 2023

Fresnillo plc Announces Herradura Operational Update

Upcoming dividend of US$0.13 per share at 1.7% yield

Now 20% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$0.37 (vs US$0.57 in FY 2021)

Fresnillo plc to Report Fiscal Year 2022 Results on Mar 07, 2023

Fresnillo plc Provides Juanicipio Project Update - Testing Complete, Connected to Grid, and Starts Full Load Commissioning

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Now 20% undervalued after recent price drop

First half 2022 earnings released: EPS: US$0.16 (vs US$0.41 in 1H 2021)

Fresnillo plc Provides Operating Guidance for the Full Year of 2022

Fresnillo plc Provides Production Guidance for the Year 2022

Upcoming dividend of US$0.24 per share

Fresnillo plc, Annual General Meeting, May 17, 2022

Fresnillo plc Announces Final Dividend for the Year 2021, Payable on 27 May 2022

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

Fresnillo plc to Report First Half, 2022 Results on Aug 02, 2022

Investor sentiment deteriorated over the past week

Now 22% undervalued after recent price drop

Fresnillo plc and MAG Silver Corp. Provides Juanicipio Commissioning Update

First half 2021 earnings released: EPS US$0.41 (vs US$0.088 in 1H 2020)

Non-Independent Non-Executive Chairman Alberto Bailleres Gonzalez has left the company

Fresnillo plc Provides Earnings Guidance for the Year 2021

Upcoming dividend of US$0.23 per share

Full year 2020 earnings released: EPS US$0.51 (vs US$0.28 in FY 2019)

Revenue beats expectations

Fresnillo plc Announces Management Changes

New 90-day low: €10.69

New 90-day low: €10.80

Fresnillo Plc to Report Fiscal Year 2020 Results on Mar 02, 2021

New 90-day low: €11.70

Fresnillo plc Announces Death of Luis Robles, Independent Non-Executive Director of the Company

Fresnillo plc Announces Appointment of Tomás Iturriaga as Chief Operating Officer Effective, 19 November 2020

Market pulls back on stock over the past week

Market bids up stock over the past week

New 90-day high: €15.25

New 90-day high - €14.98

New 90-day high - €14.27

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age