IMPACT Silver Management

Management criteria checks 3/4

IMPACT Silver's CEO is Fred Davidson, appointed in Aug 1999, has a tenure of 25.25 years. total yearly compensation is CA$414.50K, comprised of 96% salary and 4% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth €100.06K. The average tenure of the management team and the board of directors is 13.8 years and 14.7 years respectively.

Key information

Fred Davidson

Chief executive officer

CA$414.5k

Total compensation

CEO salary percentage	96.0%
CEO tenure	25.3yrs
CEO ownership	0.2%
Management average tenure	13.8yrs
Board average tenure	14.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Fred Davidson's remuneration changed compared to IMPACT Silver's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-CA$12m
Jun 30 2024	n/a	n/a	-CA$12m
Mar 31 2024	n/a	n/a	-CA$10m
Dec 31 2023	CA$415k	CA$398k	-CA$8m
Sep 30 2023	n/a	n/a	-CA$4m
Jun 30 2023	n/a	n/a	-CA$3m
Mar 31 2023	n/a	n/a	-CA$3m
Dec 31 2022	CA$329k	CA$312k	-CA$3m
Sep 30 2022	n/a	n/a	-CA$3m
Jun 30 2022	n/a	n/a	-CA$1m
Mar 31 2022	n/a	n/a	-CA$348k
Dec 31 2021	CA$482k	CA$266k	-CA$545k
Sep 30 2021	n/a	n/a	CA$2m
Jun 30 2021	n/a	n/a	CA$3m
Mar 31 2021	n/a	n/a	CA$2m
Dec 31 2020	CA$280k	CA$217k	CA$2m
Sep 30 2020	n/a	n/a	-CA$362k
Jun 30 2020	n/a	n/a	-CA$1m
Mar 31 2020	n/a	n/a	-CA$4m
Dec 31 2019	CA$246k	CA$171k	-CA$5m
Sep 30 2019	n/a	n/a	-CA$6m
Jun 30 2019	n/a	n/a	-CA$7m
Mar 31 2019	n/a	n/a	-CA$5m
Dec 31 2018	CA$238k	CA$174k	-CA$5m
Sep 30 2018	n/a	n/a	-CA$5m
Jun 30 2018	n/a	n/a	-CA$5m
Mar 31 2018	n/a	n/a	-CA$5m
Dec 31 2017	CA$238k	CA$174k	-CA$5m

Compensation vs Market: Fred's total compensation ($USD295.55K) is below average for companies of similar size in the German market ($USD474.54K).

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

CEO

Fred Davidson

25.3yrs

Tenure

CA$414,500

Compensation

Mr. Frederick W. Davidson, also known as Fred, MBA, C.A., has been the Chief Executive Officer and President at IMPACT Silver Corp. (formerly, Impact Minerals International Inc.) since August 1999. He serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frederick Davidson	President	25.3yrs	CA$414.50k	0.25% € 100.1k
Jerry Huang	Chief Financial Officer	6.8yrs	CA$210.86k	no data
George Gorzynski	VP of Exploration & Director	20.8yrs	CA$79.50k	0.12% € 49.5k
Graeme Austin	Corporate Secretary	6.2yrs	no data	no data

13.8yrs

Average Tenure

Experienced Management: IKL's management team is seasoned and experienced (13.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frederick Davidson	President	25.3yrs	CA$414.50k	0.25% € 100.1k
George Gorzynski	VP of Exploration & Director	20.6yrs	CA$79.50k	0.12% € 49.5k
Victor Tanaka	Independent Director	28.7yrs	CA$18.00k	0.030% € 12.1k
Robert Lishman	Independent Director	8.8yrs	CA$16.50k	0.21% € 85.0k
Richard Mazur	Independent Director	31.5yrs	CA$18.00k	0.12% € 49.8k
Richard Younker	Member of Advisory Board	8.4yrs	CA$41.73k	no data
Janet Meiklejohn	Director	less than a year	no data	no data
Jose Antonio De Olmedo Vera	Independent Director	3.2yrs	CA$16.50k	no data

14.7yrs

Average Tenure

69.5yo

Average Age

Experienced Board: IKL's board of directors are seasoned and experienced ( 14.7 years average tenure).

IMPACT Silver Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

IMPACT Silver Corp., Annual General Meeting, May 31, 2022

Insufficient new directors

Insufficient new directors

Recent updates

Insufficient new directors

Second quarter 2024 earnings released: CA$0.012 loss per share (vs CA$0.004 loss in 2Q 2023)

IMPACT Silver Corp. announced that it has received CAD 9.087645 million in funding

First quarter 2024 earnings released: CA$0.015 loss per share (vs CA$0.002 loss in 1Q 2023)

IMPACT Silver Corp. announced that it expects to receive CAD 6.2 million in funding

Full year 2023 earnings released: CA$0.042 loss per share (vs CA$0.021 loss in FY 2022)

Impact Silver Corp. Announces Initial Results of an Ongoing Exploration Program Being Undertaken At the Plomosas Zinc Mine in Northern Mexico

IMPACT Silver Corp. announced that it expects to receive CAD 2.7 million in funding

New major risk - Financial position

Third quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.008 loss in 3Q 2022)

Second quarter 2023 earnings released: CA$0.004 loss per share (vs CA$0.005 loss in 2Q 2022)

IMPACT Silver Corp. Provides Construction Update At the High-Grade Zinc-Silver Plomosas Property, Mexico

IMPACT Silver Corp. Provides Construction Update At the High-Grade Zinc-Silver Plomosas Property, Mexico

First quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0 in 1Q 2022)

IMPACT Silver Corp. announced that it has received CAD 9.006418 million in funding

Full year 2022 earnings released: CA$0.021 loss per share (vs CA$0.004 loss in FY 2021)

IMPACT Silver Corp. Announces Drill Results from the Aurora 2 Zone

Consolidated Zinc Limited (ASX:CZL) entered into a binding conditional share sale agreement to acquire Latin American Zinc S.A.P.I. de C.V. from Consolidated Zinc Limited (ASX:CZL) for $6 million.

Impact Silver Corp. Announces Completion of Its' 2022 Royal Mines of Zacualpan Area Surface Exploration Drill Program in Central Mexico

Third quarter 2022 earnings released: CA$0.008 loss per share (vs CA$0 in 3Q 2021)

Second quarter 2022 earnings released: CA$0.005 loss per share (vs CA$0.002 profit in 2Q 2021)

First quarter 2022 earnings released: EPS: CA$0 (vs CA$0.002 loss in 1Q 2021)

IMPACT Silver Corp., Annual General Meeting, May 31, 2022

IMPACT Silver Corp. Drills 19.8 Meters of 257 G/T Silver and 12.97 Meters of 487 G/T Silver At Veta Negra

Insufficient new directors

Insufficient new directors

IMPACT Silver Corp. Adds Fourth Drilling Rig and Expands Drill Plans to 20,000 Meters in 2021-2022

Second quarter 2021 earnings released: EPS CA$0.002 (vs CA$0.002 loss in 2Q 2020)

IMPACT Silver Corp. Completes Phase 1 of the Veta Negra Drill Program

First quarter 2021 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in 1Q 2020)

IMPACT Silver Corp. Announces Results of Interpretation of Historical Geophysical Surveys over Southern Claims

Full year 2020 earnings released: EPS CA$0.019 (vs CA$0.049 loss in FY 2019)

New 90-day low: €0.51

IMPACT Silver Corp. Starts Exploration Drilling Program of 10,000 Meters at Zacualpan

New 90-day high: €0.75

New 90-day high: €0.72

Third quarter 2020 earnings released: EPS CA$0.007

IMPACT Silver Announces Initiation of Trenching Program At Manto America Gold Target, Mexico

New 90-day high: €0.71

Oak Mining Corp. and Impact Silver Corp., Executes A Non- Binding Letter of Intent

IMPACT Silver Corp. announced that it has received CAD 9.546641 million in funding

IMPACT Silver Corp. announced that it expects to receive CAD 6.004 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age