Mako Mining Management

Management criteria checks 4/4

Mako Mining's CEO is Akiba Leisman, appointed in Mar 2019, has a tenure of 5.17 years. total yearly compensation is $597.32K, comprised of 46% salary and 54% bonuses, including company stock and options. directly owns 1.92% of the company’s shares, worth €3.07M. The average tenure of the management team and the board of directors is 4.2 years and 5.5 years respectively.

Key information

Akiba Leisman

Chief executive officer

US$597.3k

Total compensation

CEO salary percentage	46.0%
CEO tenure	5.2yrs
CEO ownership	1.9%
Management average tenure	4.2yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Akiba Leisman's remuneration changed compared to Mako Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$7m
Sep 30 2023	n/a	n/a	-US$4m
Jun 30 2023	n/a	n/a	-US$9m
Mar 31 2023	n/a	n/a	-US$10m
Dec 31 2022	US$597k	US$275k	-US$12m
Sep 30 2022	n/a	n/a	-US$8m
Jun 30 2022	n/a	n/a	US$812k
Mar 31 2022	n/a	n/a	US$2m
Dec 31 2021	US$544k	US$281k	US$10m
Sep 30 2021	n/a	n/a	US$2m
Jun 30 2021	n/a	n/a	-US$4m
Mar 31 2021	n/a	n/a	-US$8m
Dec 31 2020	US$207k	US$183k	-US$12m
Dec 31 2019	US$498k	US$76k	-US$14m

Compensation vs Market: Akiba's total compensation ($USD597.32K) is about average for companies of similar size in the German market ($USD689.54K).

Compensation vs Earnings: Akiba's compensation has been consistent with company performance over the past year.

CEO

Akiba Leisman (46 yo)

5.2yrs

Tenure

US$597,319

Compensation

Mr. Akiba Jacob-Issachar Leisman has been the Executive Chairman and Director of Sailfish Royalty Corp. since October 26, 2020. Mr. Leisman co-founded Sailfish in 2014 and served as its Chief Executive Off...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Akiba Leisman	CEO & Director	5.2yrs	US$597.32k	1.92% $ 3.1m
Maria Paredes	CFO & Corporate Secretary	3.3yrs	US$449.75k	0.0090% $ 14.4k
Jesse Muñoz	Chief Operating Officer	5.5yrs	US$595.75k	0.044% $ 70.5k
Paolo Durand	Vice President of Corporate Development	2.2yrs	US$226.34k	no data

4.2yrs

Average Tenure

Experienced Management: GQR0's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Akiba Leisman	CEO & Director	9.8yrs	US$597.32k	1.92% $ 3.1m
Mario Caron	Independent Director	3.9yrs	US$90.13k	0.015% $ 24.4k
John Walter Hick	Independent Non-Executive Chairman	5.5yrs	US$125.13k	0.031% $ 48.7k
Rael Lipson	Independent Director	10.6yrs	US$77.50k	0.11% $ 173.1k
John Pontius	Independent Director	5.5yrs	US$85.00k	0.0047% $ 7.5k
Paul Jacobi	Independent Director	4.8yrs	US$77.50k	no data

5.5yrs

Average Tenure

71.5yo

Average Age

Experienced Board: GQR0's board of directors are considered experienced (5.5 years average tenure).

Mako Mining Management

Management criteria checks 4/4

Key information

Recent management updates

CEO & Director recently sold €436k worth of stock

Mako Mining Corp., Annual General Meeting, Oct 13, 2023

CEO & Director recently sold €151k worth of stock

Insufficient new directors

Mako Mining Corp. Announces Resignation of Brian Szeto as Board of Directors

Mako Mining Corp. Appoints Brian Szeto as an Independent Director

Recent updates

Full year 2023 earnings released: EPS: US$0.10 (vs US$0.18 loss in FY 2022)

Mako Mining Corp. (TSXV:MKO) entered into an arrangement agreement to acquire Goldsource Mines Inc. (TSXV:GXS) for CAD 33.28 million.

Mako Mining Corp. Provides an Update of Results from the Ongoing Reverse Circulation Drill Program At Las Conchitas

CEO & Director recently sold €436k worth of stock

New minor risk - Market cap size

Mako Mining Corp. Intersects 51.78 G/T Au over 3.9 M (Estimated True Width) At Las Conchitas, 62 M from Surface, Outside of Current Mineral Resource Estimate

Third quarter 2023 earnings released: US$0.022 loss per share (vs US$0.11 loss in 3Q 2022)

Mako Mining Corp. Reports Updated and Extended Mineral Resource for the San Albino Project

Mako Mining Corp. Announces Record Au Production in September 2023

Mako Mining Corp. Announces Results from an Additional 68 Reverse Circulation Infill Drill Holes At Las Conchitas

Second quarter 2023 earnings released: US$0.04 loss per share (vs US$0.049 loss in 2Q 2022)

Mako Mining Corp., Annual General Meeting, Oct 13, 2023

Mako Mining Corp. Announces Additional Results from the Reverse Circulation Infill Drilling Completed at Las Conchitas

Mako Mining Corp. Announces Commencement of Las Conchitas Material Processing, and Results from the Reverse Circulation Infill Drilling Completed at Las Conchitas

New major risk - Share price stability

Mako Mining Corp. Begins Work at Las Conchitas, Processing of Material Expected in July

Mako Mining Announces A Discovery 17 Km from the San Albino Gold Mine, Intersects 41.99 G/T Au and 28.70 G/T Ag over 1.4 M (Estimated True Width), 34 M from Surface and Confirms Orogenic Deposit Type

CEO & Director recently sold €151k worth of stock

Insufficient new directors

Mako Mining Corp. Announces Resignation of Brian Szeto as Board of Directors

Mako Mining Corp. Intersects 33.91G/T Gold over 1.7M Estimated True Width At Las Conchitas Central, 12.73 G/T Au over 4.2M ETW At Las Conchitas South and Multiple High Grade Silver Intercepts Up to 3,792.0 G/T Silver over 1.0m Across Las Conchitas

Mako Mining Corp. Appoints Brian Szeto as an Independent Director

Mako Mining Intersects 98.50 G/T Au and 66.3 G/T Ag over 1.9M (Estimated True Width) 39M from Surface At the San Albino Sw Pit

Insufficient new directors

Mako Mining Corp. to Report Q2, 2023 Results on Nov 21, 2022

Mako Mining Corp. Provides Update on Its San Albino Operation in Nicaragua

Mako Mining Corp. Intersects 42.59 G/T Au over 2.1 M (Estimated True Width) At Las Conchitas North

Mako Mining Corp. Intersects 36.65 g/t Au and 29.5 g/t Ag over 3.1m (Estimated True Width) at the SW Pit

Mako Mining Corp. Reports Additional Results from its Recent Definition and Expansion Drilling Program at Las Conchitas Area on its Wholly-Owned San Albino-Murra Property

Mako Mining Corp. Reports Additional High-Grade Drill Results from an Area Adjacent to the Current Open Pit Mining Operations At the San Albino West Pit in Northern Nicaragua

Mako Mining Corp. Reports Additional Results from Its Drilling Program At Las Conchitas Area

Mako Mining Corp. Announces the Discovery of Another Gold Bearing Structure At the Las Conchitas-North Area of Its Wholly-Owned San Albino-Murra Property Located in Northern Nicaragua

Mako Mining Corp Discovers Another New Gold Bearing Vein at Las Conchitas North; Intersects 37.28 g/t of Au and 34.94 g/t of Ag over 2.5 m (Estimated True Width)

Mako Mining Corp Provides Update on One Year Anniversary Since Declaring Commercial Production

Mako Mining Corp. Intersects 42.91 g/t Au and 38.3 g/t Ag over 4.1m (Estimated True Width) in New Zone, 35.5m from Surface, 50m from Current Mining - over 530m Strike Length, Open Along Strike and Down Dip

Mako Mining Corp. Declares Second Quarter Dividend 2022, Payable July 15, 2022

Mako Mining Corp., Annual General Meeting, Jul 26, 2022

Full year 2021 earnings released: EPS: US$0.014 (vs US$0.02 loss in FY 2020)

CEO & Director recently bought €72k worth of stock

Mako Mining Corp Reports Positive Drill Results from Expansion Drilling to the Northeast and Southwest of the Current San Albino Resource

Mako Mining Corp Reports Positive Resource Reconciliation

High number of new directors

Mako Mining Corp. Announces Drilling Permits for La Segoviana and Corporate Update

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Mako Mining Provides Operating Update from its San Albino Gold Mine

Mako Mining Corp. Reports Positive Drill Results from Infill and Expansion Drilling at the Arras Zone Within its San Albino Gold Mine in Northern Nicaragua

Mako Mining Corp. Provides Regional Exploration Update, Including Further Confirmation of up to 850 Meters of Strike Potential at Las Conchitas and Multiple High-Grade Channel Samples Across Four Prospects at La Segoviana Yielding Grades of up to 82.5 g/t Gold Over 1.0 Meter

Mako Mining Corp. Provides an Operating Update from Its San Albino Gold Mine in Northern Nicaragua

Mako Mining Corp. Declares Commercial Production At Its San Albino Gold Mine

Mako Mining Provides Operating Update

Mako Mining Corp. Reports Initial Results from a Reconnaissance Exploration Program on Its Recently Granted La Segoviana Exploration and Exploitation Concession

Mako Mining Corp. Reports Positive Drill Results from Expansion Drilling At Its San Albino Gold Project ("San Albino") in Northern Nicaragua

CEO & Director recently bought €56k worth of stock

CFO & Company Secretary has left the company

Mako Mining Appoints Millie Paredes as Corporate Secretary

Mako Mining Corp. Announces Grade and Tonnage Results from Mining of the Upper Half of the Third Bench of the San Albino Vein at its San Albino Gold Project

GR Silver Mining Ltd. and Mako Mining Corp Amend Definitive Agreement date to January 31, 2021

Mako Mining Corp. Reports Drilling at Las Conchitas Hits Multiple Stacked Zones

Mako Mining Files Technical Report for Updated Mineral Resource Estimate for San Albino

Mako Mining Corp. Reports Grade and Tonnage Results from Mining of the Second Full Bench of the San Albino Vein At Its San Albino Gold Project

New 90-day low: €0.21

Mako Mining Reports Results of an Updated Mineral Resource Estimate for San Albino

Mako Mining Announces Favorable Metallurgical Test Results from the Historical Dumps At San Albino, with Gold Recoveries of 96.4% Which Includes Gravity Recoveries of 48.1%

Mako Mining Corp. announced that it expects to receive CAD 28.4 million in funding from Wexford Capital LP

New 90-day low: €0.25

Mako Mining Corp. Reports Mining Results for the San Albino Gold Project

Mako Mining Corp. Report Results from Reconnaissance Exploration Program

New 90-day low - €0.25

CEO Compensation Analysis