Nighthawk Gold Management

Management criteria checks 2/4

Nighthawk Gold's CEO is Keyvan Salehi, appointed in Jan 2021, has a tenure of 3.08 years. total yearly compensation is CA$1.05M, comprised of 40.2% salary and 59.8% bonuses, including company stock and options. directly owns 1.05% of the company’s shares, worth €277.99K. The average tenure of the management team and the board of directors is 2 years and 3.4 years respectively.

Key information

Keyvan Salehi

Chief executive officer

CA$1.0m

Total compensation

CEO salary percentage	40.2%
CEO tenure	3.1yrs
CEO ownership	1.1%
Management average tenure	2yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Keyvan Salehi's remuneration changed compared to Nighthawk Gold's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-CA$15m
Jun 30 2023	n/a	n/a	-CA$21m
Mar 31 2023	n/a	n/a	-CA$23m
Dec 31 2022	CA$1m	CA$420k	-CA$22m
Sep 30 2022	n/a	n/a	-CA$23m
Jun 30 2022	n/a	n/a	-CA$28m
Mar 31 2022	n/a	n/a	-CA$29m
Dec 31 2021	CA$1m	CA$350k	-CA$29m
Sep 30 2021	n/a	n/a	-CA$29m
Jun 30 2021	n/a	n/a	-CA$22m
Mar 31 2021	n/a	n/a	-CA$13m
Dec 31 2020	CA$933k	n/a	-CA$13m

Compensation vs Market: Keyvan's total compensation ($USD774.85K) is above average for companies of similar size in the German market ($USD418.84K).

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

CEO

Keyvan Salehi

3.1yrs

Tenure

CA$1,045,005

Compensation

Mr. Keyvan Salehi, P.Eng., MBA, has been the President and Chief Executive Officer at Nighthawk Gold Corp. since January 1, 2021 and serves as its Director since June 25, 2021. Mr. Salehi served as a Vice...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Keyvan Salehi	President	3.1yrs	CA$1.05m	1.05% € 278.0k
Allan Candelario	Vice President of Investor Relations & Corporate Development	2.1yrs	CA$265.02k	0.42% € 110.1k
John McBride	Vice President of Exploration	1.8yrs	CA$340.67k	no data
Salvatore Curcio	Chief Financial Officer	1.1yrs	no data	0.025% € 6.7k

2.0yrs

Average Tenure

Experienced Management: M2M2's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Keyvan Salehi	President	2.7yrs	CA$1.05m	1.05% € 278.0k
Brian Howlett	Independent Director	7.8yrs	CA$71.65k	0.36% € 93.7k
Daniel Noone	Independent Director	3.4yrs	CA$54.36k	0.048% € 12.7k
Morris Prychidny	Independent Non-Executive Chairman	11yrs	CA$112.23k	0.74% € 196.2k
Edith Hofmeister	Independent Director	2.1yrs	CA$55.94k	0.017% € 4.4k
Eric Tremblay	Independent Director	3.4yrs	CA$67.03k	0.012% € 3.1k
Sara Heston	Independent Director	2.1yrs	CA$60.14k	no data

3.4yrs

Average Tenure

53.5yo

Average Age

Experienced Board: M2M2's board of directors are considered experienced (3.4 years average tenure).

Nighthawk Gold Management

Management criteria checks 2/4

Key information

Recent management updates

President recently bought €61k worth of stock

President recently bought €56k worth of stock

Nighthawk Gold Corp. Announces Executive Changes

High number of new directors

High number of new directors

High number of new directors

Recent updates

Nighthawk Gold Corp. Common Shares to Be Deleted from OTC Equity

Moneta Gold Inc. (TSX:ME) completed the acquisition of Nighthawk Gold Corp. (TSX:NHK) from O3 Mining Inc., The K2 Principal Fund L.P., a fund managed by K2 & Associates Investment Management Inc. and others.

Nighthawk Gold Corp. announced that it has received CAD 13 million in funding

Moneta Gold Inc. (TSX:ME) entered into an arrangement agreement to acquire Nighthawk Gold Corp. (TSX:NHK) from O3 Mining Inc., The K2 Principal Fund L.P., a fund managed by K2 & Associates Investment Management Inc. and others for CAD 56.2 million.

New major risk - Financial position

Nighthawk Gold Corp. Reports Significant Drill Assay Results from the 24/27 Deposit Located in the Colomac Centre Area and Approximately 2 Kilometres East of the Colomac Main Deposit

Nighthawk Gold Intersects 4 Ounces Per Tonne (125.00 g/t Au) over 0.50 Metres at the Cass Deposit

New minor risk - Shareholder dilution

Nighthawk Gold Corp. announced that it has received CAD 11.31808 million in funding

Nighthawk Gold Corp. announced that it expects to receive CAD 10.595 million in funding

President recently bought €61k worth of stock

President recently bought €56k worth of stock

Nighthawk Gold Corp. Updates Mineral Resource Estimate Demonstrates Significant Boost to the Global and Open-Pit Mineral Resources

Nighthawk Gold Corp. Announces Executive Changes

High number of new directors

Nighthawk Gold Corp. Reports 916.00 G/T Au over 0.50 M (With 232.18 G/T over 2.00 M) At the Cass Deposit

Nighthawk Gold Reports 217.00 G/T Au over 0.50 M (With 7.30 G/T Au over 17.65 M) At the Kim Deposit

Nighthawk Gold Reports 2.09 G/T Au over 92.0 M and 2.72 G/T Au over 34.50 M from the Colomac Main Deposit

Nighthawk Gold Corp. Reports Additional Drill Assay Results from the Colomac Main Deposit

Nighthawk Gold Corp. Reports 2.91 g/t Au over 54.35 metres at the 24/27 Deposit and 3.02 g/t Au over 20.25 metres at the Grizzly Bear Deposit within the Colomac Centre Area

Nighthawk Gold Completes 2022 Exploration Program Drilling Ahead of Schedule

Nighthawk Gold Corp. Reports Initial Drill Assay Results from Its 2022 Exploration Program, with Encouraging Results from Its 24 and 27 Deposits Located in the Colomac Centre Area on Its Property in the Northwest Territories, Canada

Nighthawk Gold Reports 1.91 g/t Au Over 60.95 Metres From the 2022 Exploration Program Initial Drill Assay Results

Nighthawk Gold Corp. Announces Its 2 Year Exploration Program At Its District Scale Land Package

Nighthawk Gold Corp. has completed a Composite Units Offering in the amount of CAD 29.362765 million.

Nighthawk Gold Corp. has completed a Composite Units Offering in the amount of CAD 29.362765 million.

High number of new directors

Nighthawk Gold Reports Substantial Expansion of 121% in the Indicated Category

High number of new directors

Nighthawk Gold Corp. Reports Final Phase II 2021 Drill Results from the Grizzly Bear, 24 and Colomac Main Deposits

Nighthawk Gold Corp. Reports Assay Results Cass Zone and Kim Zone

Nighthawk Gold Corp. announced that it has received CAD 5.63 million in funding

Nighthawk Gold Corp. Reports Assay Results for Seventeen Drillholes Completed on the 24/27 Deposits

Nighthawk Gold Corp. Reports High-Grade Mineralization from Initial Drilling at Cass

Nighthawk Reports Drill Results from Its Phase I 2021 Exploration Program At Colomac and Goldcrest

President recently bought €58k worth of stock

Independent Director Luc Lessard has left the company

Nighthawk Reports Initial Drill Results from its Phase I 2021 Exploration Program at Grizzly Bear

Nighthawk Gold Corp. Receives Permits to Commence Drilling at the Cass Zone, Part of the Recently Optioned Kim & Cass Property

Nighthawk Gold Corp. announced that it has received CAD 10.9465 million in funding

Nighthawk Gold Corp. announced that it expects to receive CAD 10.9465 million in funding

Nighthawk Provides Update on the Tlich Highway Project

New 90-day low: €0.71

Nighthawk Gold Corp. Reports Treasure Island Drill Results, Intersecting Elevated Grades

New 90-day low: €0.73

President & CEO recently bought €90k worth of stock

Nighthawk Gold Appoints Richard Roy as Vice President of Exploration

New 90-day high: €0.89

Nighthawk Gold Corp. Reports Assay Results Completes at Zones 2.0 and 2.5 of the Colomac Main Sill, Part of the Colomac Gold Project Centrally Located Within its Indin Lake Gold Property, Northwest Territories, Canada

Nighthawk Gold Corp. Appoints Keyvan Salehi as President, Effective January 1St, 2021

Nighthawk Intersects 141.80 Metres of 2.11 gpt Au Including 31.05 Metres of 4.06 gpt Au

New 90-day low: €0.76

New 90-day low: €0.79

Nighthawk Expands High-Grade Zone 3.5 At Colomac

New 90-day low: €0.81

Nighthawk Gold Corp. Appoints Eric Tremblay to the Board of Directors

Nighthawk Gold Corp. announced that it has received CAD 12.0006 million in funding from Orion Capital, Inc., Northfield Capital Corporation

Nighthawk Gold Corp. Resumes Exploration Activities on Its Indin Lake Gold Property

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age