Eskay Mining Management

Management criteria checks 2/4

Eskay Mining's CEO is Mac Balkam, appointed in Nov 2009, has a tenure of 14.42 years. total yearly compensation is CA$1.06M, comprised of 26.6% salary and 73.4% bonuses, including company stock and options. directly owns 2% of the company’s shares, worth €939.79K. The average tenure of the management team and the board of directors is 8.3 years and 14.3 years respectively.

Key information

Mac Balkam

Chief executive officer

CA$1.1m

Total compensation

CEO salary percentage	26.6%
CEO tenure	14.4yrs
CEO ownership	2.0%
Management average tenure	8.3yrs
Board average tenure	14.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mac Balkam's remuneration changed compared to Eskay Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Nov 30 2023	n/a	n/a	-CA$2m
Aug 31 2023	n/a	n/a	-CA$5m
May 31 2023	n/a	n/a	-CA$19m
Feb 28 2023	CA$1m	CA$282k	-CA$20m
Nov 30 2022	n/a	n/a	-CA$20m
Aug 31 2022	n/a	n/a	-CA$22m
May 31 2022	n/a	n/a	-CA$19m
Feb 28 2022	CA$213k	CA$213k	-CA$19m
Nov 30 2021	n/a	n/a	-CA$27m
Aug 31 2021	n/a	n/a	-CA$21m
May 31 2021	n/a	n/a	-CA$16m
Feb 28 2021	CA$2m	CA$144k	-CA$14m
Nov 30 2020	n/a	n/a	-CA$4m
Aug 31 2020	n/a	n/a	-CA$4m
May 31 2020	n/a	n/a	-CA$1m
Feb 29 2020	n/a	n/a	-CA$1m
Nov 30 2019	n/a	n/a	-CA$779k
Aug 31 2019	n/a	n/a	-CA$528k
May 31 2019	n/a	n/a	-CA$578k
Feb 28 2019	CA$144k	CA$144k	-CA$694k
Nov 30 2018	n/a	n/a	-CA$1m
Aug 31 2018	n/a	n/a	-CA$1m
May 31 2018	n/a	n/a	-CA$1m
Feb 28 2018	CA$254k	CA$144k	-CA$937k

Compensation vs Market: Mac's total compensation ($USD774.96K) is above average for companies of similar size in the German market ($USD401.52K).

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

CEO

Mac Balkam

14.4yrs

Tenure

CA$1,059,134

Compensation

Mr. Hugh M. Balkam, also known as Mac, has been the Chief Executive Officer and President at Eskay Mining Corp. since November 12, 2009. Mr. Balkam served at with the Royal Canadian Mounted police for many...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hugh Balkam	President	14.4yrs	CA$1.06m	2% CA$ 939.8k
Carmelo Marrelli	Chief Financial Officer	12.6yrs	CA$41.11k	no data
Michael Myhill	VP of Finance & Director	2.1yrs	CA$922.04k	0.63% CA$ 297.8k
John DeDecker	VP of Exploration & Member of Geological Advisory Team	3.3yrs	CA$534.98k	no data
William Johnstone	Corporate Secretary	8.3yrs	no data	no data

8.3yrs

Average Tenure

Experienced Management: KN7's management team is seasoned and experienced (8.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hugh Balkam	President	14.5yrs	CA$1.06m	2% CA$ 939.8k
Michael Myhill	VP of Finance & Director	14.4yrs	CA$922.04k	0.63% CA$ 297.8k
John DeDecker	VP of Exploration & Member of Geological Advisory Team	no data	CA$534.98k	no data
J. McMehen	Independent Director	14.3yrs	no data	6.24% CA$ 2.9m
Quinton Hennigh	Independent Director & Member of Geological Advisory Team	4.6yrs	no data	0.49% CA$ 230.8k
Thomas Weis	Independent Director & Member of Geological Advisory Team	3.7yrs	no data	0.10% CA$ 48.2k
Thomas Monecke	Member of Geological Advisory Team	no data	no data	no data

14.3yrs

Average Tenure

Experienced Board: KN7's board of directors are seasoned and experienced ( 14.3 years average tenure).

Eskay Mining Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Eskay Mining Corp., Annual General Meeting, Oct 03, 2023

Eskay Mining Corp., Annual General Meeting, Sep 20, 2022

Independent Director recently sold €66k worth of stock

Independent Director recently sold €100k worth of stock

Independent Director recently sold €78k worth of stock

Recent updates

Eskay Mining Corp. Drills VMS Mineralization at Four New Targets at its Consolidated Eskay Project, Golden Triangle, BC

Insufficient new directors

Eskay Mining Corp., Annual General Meeting, Oct 03, 2023

Eskay Mining Corp. Identifies New Targets and Commences Drilling at its Consolidated Eskay Project, Golden Triangle, BC

Skeena Resources Limited (TSX:SKE) acquired 5 Mining Claims from Eskay Mining Corp. (TSXV:ESK) for CAD 4 million.

Skeena Resources Limited (TSX:SKE) acquired 5 Mining Claims from Eskay Mining Corp. (TSXV:ESK) for CAD 4 million.

New major risk - Share price stability

Eskay Mining Corp. Announces Exploration Plans for 2023 At Its Consolidated Eskay Project, Golden Triangle, BC

Eskay Mining Corp. Confirms New Precious Metal-Rich VMS System at Scarlet Knob-Tarn Lake at Similar Stratigraphic Position to the Eskay Creek Deposit

Eskay Mining Corp. Expands the TV-Jeff Precious Metal-Rich VMS System and Demonstrates Its Connectivity with the Eskay Creek System on the Western Limb of the Eskay Anticline

Eskay Mining Reaches Drilling Goal as the 2022 Exploration Campaign Nears Completion

Eskay Mining's Maiden Scarlet Valley Drilling Commences

Eskay Mining Discovers A New VMS Center At Jeff North and Intercepts Polymetallic VMS Mineralization in Two Areas Along TV-Jeff Corridor

Eskay Mining Corp. Discovers More VMS Targets and Commences Drilling At Scarlet Ridge

Eskay Mining Corp., Annual General Meeting, Sep 20, 2022

Eskay Mining Corp. Announces Discovery of Multiple New Volcanogenic Massive Sulfide Deposits Across Its 100% Controlled Consolidated Eskay Project, British Columbia

Independent Director recently sold €66k worth of stock

Independent Director recently sold €100k worth of stock

Eskay Mining Corp. Commences 30,000 Meter Drill Program At Consolidated Eskay VMS Project, Golden Triangle British Columbia

Independent Director recently sold €78k worth of stock

Less than half of directors are independent

Eskay Mining Corp. announced that it has received CAD 7.000002 million in funding

Eskay Mining Corp. Announces Its Third Tranche of Assay Results from Its Summer, 2021 Diamond Drill Campaign At Its 100% Controlled Consolidated Eskay Precious Metal Rich Volcanogenic Massive Sulfide Project, British Columbia

Eskay Mining Corp. Provides Update on Drilling Program and an Overview of its Property Wide SkyTEM Results

Eskay Mining Corp Announces That Recent Diamond Core Drilling At the Jeff Target One of Multiple Targets Across Its 100% Owned Consolidated Eskay Precious Metal-Rich Volcanogenic Massive Sulphide Project in the Golden Triangle, British Columbia

Eskay Mining Corp. (TSXV:ESK) completed the acquisition of 19.5% stake in Garibaldi Resources Corp. (TSXV:GGI) from Sprott Foundation.

Corporate Secretary recently sold €60k worth of stock

Eskay Mining Corp. (TSXV:ESK) entered into an agreement to acquire 19.5% stake in Garibaldi Resources Corp. (TSXV:GGI) from Sprott Foundation for CAD 11.9 million.

Eskay Mining Corp. Receives All Assays from 20 Drill Holes Completed During Its Maiden Diamond Drill Program At Two Precious Metal-Rich Volcanogenic Massive Sulphide Deposits, Jeff and Tv, on Joint Venture Ground Held with Kirkland Lake Gold Ltd

New 90-day high: €1.72

New 90-day high: €1.00

Eskay Mining Corp. announced that it has received CAD 16.213875 million in funding

Eskay Mining Corp. announced that it expects to receive CAD 10 million in funding

Eskay Mining Corp. Completes Productive TV-Jeff Diamond Drill Campaign in which Most Drill Holes Encountered VMS Mineralization

New 90-day high: €0.63

Eskay Mining Corp. Encounters Massive Sulfide with Assays Up to 5.5 gpt Au and 507 Gpt Ag in First Drill Hole At the Tv Target; Adds Second Drill

Eskay Mining Corp. announced that it has received CAD 3.40925 million in funding

New 90-day high - €0.33

Eskay Mining Corp. announced that it expects to receive CAD 4.2825 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure