Gold Resource Management

Management criteria checks 2/4

Gold Resource's CEO is Allen Palmiere, appointed in Jan 2021, has a tenure of 3.25 years. total yearly compensation is $1.73M, comprised of 26% salary and 74% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €42.79K. The average tenure of the management team and the board of directors is 2 years and 3.3 years respectively.

Key information

Allen Palmiere

Chief executive officer

US$1.7m

Total compensation

CEO salary percentage	26.0%
CEO tenure	3.3yrs
CEO ownership	0.1%
Management average tenure	2yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Allen Palmiere's remuneration changed compared to Gold Resource's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$16m
Sep 30 2023	n/a	n/a	-US$16m
Jun 30 2023	n/a	n/a	-US$19m
Mar 31 2023	n/a	n/a	-US$11m
Dec 31 2022	US$2m	US$450k	-US$6m
Sep 30 2022	n/a	n/a	-US$349k
Jun 30 2022	n/a	n/a	US$11m
Mar 31 2022	n/a	n/a	US$10m
Dec 31 2021	US$2m	US$450k	US$8m

Compensation vs Market: Allen's total compensation ($USD1.73M) is above average for companies of similar size in the German market ($USD406.04K).

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

CEO

Allen Palmiere (70 yo)

3.3yrs

Tenure

US$1,732,530

Compensation

Mr. Allen Joseph Palmiere, B.Comm. C.A. serves as Director at Maritime Resources Corp. since November 30, 2023. He serves as Chief Executive Officer, President and Director at Gold Resource Corporation sin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Allen Palmiere	CEO, President & Director	3.3yrs	US$1.73m	0.11% $ 42.8k
Alberto Reyes	Chief Operating Officer	2.9yrs	US$1.01m	0.017% $ 6.8k
Chet Holyoak	CFO & Corporate Controller	1.8yrs	no data	0.019% $ 7.3k
Patrick Frenette	Vice President of Technical Services	2yrs	no data	no data
Fred Brown	Senior Resource Geologist	no data	no data	no data
Steve Donohue	Vice President of Environmental & Regulatory Affairs	2yrs	no data	no data

2.0yrs

Average Tenure

48yo

Average Age

Experienced Management: GIH's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Allen Palmiere	CEO, President & Director	3.3yrs	US$1.73m	0.11% $ 42.8k
Ronald Little	Independent Chairman of the Board - Interim	3.2yrs	US$206.50k	0.045% $ 17.6k
Lila A. Murphy	Independent Director	3.3yrs	US$205.00k	no data

3.3yrs

Average Tenure

60yo

Average Age

Experienced Board: GIH's board of directors are considered experienced (3.3 years average tenure).

Gold Resource Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Gold Resource Corporation Announces Change in Chief Financial Officer

Gold Resource Corporation Announces the Resignation of Joe Driscoll from the Board of Directors

Gold Resource Corporation Announces Resignation of Alex Morrison as Chairman of the Board of Directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Recent updates

Full year 2023 earnings released: US$0.18 loss per share (vs US$0.072 loss in FY 2022)

Gold Resource Corporation Provides Production Guidance for the Full Year 2024

Insufficient new directors

Gold Resource Corporation Reports High Grade Drill Results At the Don David Gold Mine

Third quarter 2023 earnings released: US$0.083 loss per share (vs US$0.11 loss in 3Q 2022)

Gold Resource Corporation Reports the Filing of a SK1300 Initial Assessment for the Back Forty Project

Gold Resource Corporation Reports Continued Positive Drill Results at Don David Gold Mine

Gold Resource Corporation Announces Change in Chief Financial Officer

Second quarter 2023 earnings released: US$0.052 loss per share (vs US$0.03 profit in 2Q 2022)

Gold Resource Corporation Reaffirms Production Guidance for the Year 2023

New major risk - Share price stability

Gold Resource Corporation Announces the Resignation of Joe Driscoll from the Board of Directors

Gold Resource Corporation Provides an Update on Positive Year-To-Date 2023 Drill Results At the Don David Gold Mine

Gold Resource Corporation Announces Resignation of Alex Morrison as Chairman of the Board of Directors

Full year 2022 earnings released: US$0.072 loss per share (vs US$0.11 profit in FY 2021)

Gold Resource Corporation Provides Production Guidance for the Year 2023

Upcoming dividend of US$0.01 per share

High number of new and inexperienced directors

Third quarter 2022 earnings released: US$0.11 loss per share (vs US$0.021 profit in 3Q 2021)

Gold Resource Corporation Declares Quarterly Dividend for the Fourth Quarter of 2022, Payable on December 30, 2022

Upcoming dividend of US$0.01 per share

Gold Resource Corporation Reiterates Production Guidance for the Full Year 2022

Second quarter 2022 earnings released: EPS: US$0.03 (vs US$0.017 in 2Q 2021)

Gold Resource Corporation Declares Quarterly Dividend for the Third Quarter of 2022, Payable on September 30, 2022

Investor sentiment improved over the past week

Upcoming dividend of US$0.01 per share

First quarter 2022 earnings released: EPS: US$0.045 (vs US$0.034 in 1Q 2021)

High number of new and inexperienced directors

Gold Resource Corporation Announce Addition to Management Team

Gold Resource Corporation, Annual General Meeting, May 19, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.01 per share

Gold Resource Corporation Declares Quarterly Dividend for First Quarter of 2022, Payable on March 31, 2022

Investor sentiment improved over the past week

Gold Resource Corporation (NYSEAM:GORO) completed the acquisition of Aquila Resources Inc. (TSX:AQA) from Orion Mine Finance, Osisko Bermuda Limited, Hudbay Minerals Inc. (TSX:HBM) and others.

Upcoming dividend of US$0.01 per share

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$0.021 (vs US$0.071 in 3Q 2020)

Gold Resource Corporation (NYSEAM:GORO) entered into a binding letter agreement to acquire Aquila Resources Inc. (TSX:AQA) from Orion Mine Finance, Osisko Bermuda Limited and others for CAD 31.2 million.

Upcoming dividend of US$0.01 per share

Second quarter 2021 earnings released: EPS US$0.017 (vs US$0.004 in 2Q 2020)

Gold Resource Corporation(NYSEAM:GORO) dropped from Russell 3000E Value Index

Upcoming dividend of US$0.01 per share

Gold Resource Corporation Declares Quarterly Dividend, Payable on June 30, 2021

First quarter 2021 earnings released: EPS US$0.034 (vs US$0.047 loss in 1Q 2020)

Vice President of Exploration Barry Devlin has left the company

Vice President of Corporate Development Gregory Patterson has left the company

Gold Resource Corporation Appoints Ron Little to its Board of Directors

Gold Resource Corporation Announces Resignation of Barry Devlin, Vice President Exploration

Gold Resource Corporation Announces Termination of Gregory Patterson as Vice President Corporate Development, Effective February 26, 2021

Gold Resource Corporation Announces Executive Changes

Gold Resource Corporation Announces New Leadership in Conjunction with Nevada Spin-Off

Third quarter 2020 earnings released: EPS US$0.071

New 90-day low: €2.20

Jason Reid Intends to Step Down as Chief Executive Officer of Gold Resource Corporation

Gold Resource Corporation Withdraws its 2020 Production Outlook for Both its Oaxaca and Nevada Mining Units

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age