Fortuna Mining Management

Management criteria checks 3/4

Fortuna Mining's CEO is Jorge Ganoza Durant, appointed in Jan 2006, has a tenure of 18.67 years. total yearly compensation is $4.67M, comprised of 15.3% salary and 84.7% bonuses, including company stock and options. directly owns 0.69% of the company’s shares, worth MX$195.05M. The average tenure of the management team and the board of directors is 4.1 years and 7.9 years respectively.

Key information

Jorge Ganoza Durant

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage15.3%
CEO tenure18.7yrs
CEO ownership0.7%
Management average tenure4.1yrs
Board average tenure7.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jorge Ganoza Durant's remuneration changed compared to Fortuna Mining's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

US$2m

Mar 31 2024n/an/a

-US$35m

Dec 31 2023US$5mUS$712k

-US$51m

Sep 30 2023n/an/a

-US$111m

Jun 30 2023n/an/a

-US$143m

Mar 31 2023n/an/a

-US$143m

Dec 31 2022US$3mUS$685k

-US$128m

Sep 30 2022n/an/a

US$40m

Jun 30 2022n/an/a

US$44m

Mar 31 2022n/an/a

US$58m

Dec 31 2021US$5mUS$637k

US$58m

Sep 30 2021n/an/a

US$61m

Jun 30 2021n/an/a

US$74m

Mar 31 2021n/an/a

US$52m

Dec 31 2020US$3mUS$618k

US$22m

Sep 30 2020n/an/a

US$22m

Jun 30 2020n/an/a

US$1m

Mar 31 2020n/an/a

US$17m

Dec 31 2019US$3mUS$618k

US$24m

Sep 30 2019n/an/a

US$7m

Jun 30 2019n/an/a

US$22m

Mar 31 2019n/an/a

US$22m

Dec 31 2018US$6mUS$600k

US$34m

Sep 30 2018n/an/a

US$66m

Jun 30 2018n/an/a

US$69m

Mar 31 2018n/an/a

US$67m

Dec 31 2017US$2mUS$600k

US$66m

Compensation vs Market: Jorge's total compensation ($USD4.67M) is above average for companies of similar size in the MX market ($USD959.17K).

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


CEO

Jorge Ganoza Durant (54 yo)

18.7yrs

Tenure

US$4,668,993

Compensation

Mr. Jorge A. Ganoza Durant, B.Sc. Eng, co-founded Fortuna Mining Corp. (formerly known as Fortuna Silver Mines Inc.) (formerly Fortuna Ventures Inc.) in 2004. He served as Independent Director at Ferreycor...


Leadership Team

NamePositionTenureCompensationOwnership
Jorge Ganoza Durant
Co-Founder18.7yrsUS$4.67m0.69%
MX$ 195.0m
Mario Szotlender
Co-Founder & Directorno dataUS$231.99k0.055%
MX$ 15.6m
Luis Ganoza Durant
Chief Financial Officer18.3yrsUS$2.23m0.24%
MX$ 67.8m
Eric Chapman
Senior Vice President of Technical Services7.7yrsUS$1.32m0.040%
MX$ 11.3m
Cesar Velasco
Chief Operating Officer of Latin America4.1yrsUS$1.38m0.016%
MX$ 4.5m
David Whittle
Chief Operating Officer of West Africa1.9yrsUS$1.82m0%
MX$ 0
Kevin O'Reilly
Vice President of Finance and Accounting1.7yrsno data0.0021%
MX$ 608.4k
Carlos Baca
Vice President of Investor Relationsno datano datano data
Linda Desaulniers
Corporate Counsel & Chief Compliance Officer6yrsno datano data
Armando Nakamura
Vice President of People1.1yrsno datano data
Luiz Camargo
Country Head of Mexico4.1yrsno datano data
Paul Weedon
Senior Vice President of Exploration2.9yrsUS$1.27m0.029%
MX$ 8.3m

4.1yrs

Average Tenure

56.5yo

Average Age

Experienced Management: FVI N's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jorge Ganoza Durant
Co-Founder19.8yrsUS$4.67m0.69%
MX$ 195.0m
Mario Szotlender
Co-Founder & Director16.3yrsUS$231.99k0.055%
MX$ 15.6m
David Farrell
Independent Director11.2yrsUS$203.56kno data
David Laing
Independent Chairman8yrsUS$279.96k0.035%
MX$ 9.9m
Kate Harcourt
Independent Director3.2yrsUS$165.31kno data
Kylie Dickson
Independent Director7.1yrsUS$189.31k0.0011%
MX$ 318.4k
Salma Seetaroo
Independent Director2.3yrsUS$165.54kno data
Alfredo Sillau Valdez
Independent Director7.8yrsUS$177.56k0.012%
MX$ 3.3m

7.9yrs

Average Tenure

56yo

Average Age

Experienced Board: FVI N's board of directors are considered experienced (7.9 years average tenure).