Gruvaktiebolaget Viscaria Management

Management criteria checks 2/4

Gruvaktiebolaget Viscaria's CEO is Jorgen Olsson, appointed in Sep 2023, has a tenure of 4.33 years. total yearly compensation is SEK3.29M, comprised of 21.3% salary and 78.7% bonuses, including company stock and options. directly owns 3.3% of the company’s shares, worth SEK64.81M. The average tenure of the management team and the board of directors is 1 years and 3.4 years respectively.

Key information

Jorgen Olsson

Chief executive officer

SEK 3.3m

Total compensation

CEO salary percentage	21.3%
CEO tenure	less than a year
CEO ownership	3.3%
Management average tenure	less than a year
Board average tenure	3.4yrs

Recent management updates

Recent updates

Copperstone Resources AB's (STO:COPP) 28% Jump Shows Its Popularity With Investors

Apr 25

Copperstone Resources AB's (STO:COPP) Shareholders Might Be Looking For Exit

Dec 09

Despite Lacking Profits Copperstone Resources (STO:COPP B) Seems To Be On Top Of Its Debt

Jul 12

Is Copperstone Resources (STO:COPP B) Using Too Much Debt?

Jan 08

Copperstone Resources'(STO:COPP B) Share Price Is Down 58% Over The Past Three Years.

Dec 04

CEO Compensation Analysis

How has Jorgen Olsson's remuneration changed compared to Gruvaktiebolaget Viscaria's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-SEK 38m
Mar 31 2024	n/a	n/a	-SEK 34m
Dec 31 2023	SEK 3m	SEK 700k	-SEK 30m
Sep 30 2023	n/a	n/a	-SEK 29m
Jun 30 2023	n/a	n/a	-SEK 29m
Mar 31 2023	n/a	n/a	-SEK 25m
Dec 31 2022	SEK 2m	n/a	-SEK 22m
Sep 30 2022	n/a	n/a	-SEK 17m
Jun 30 2022	n/a	n/a	-SEK 17m
Mar 31 2022	n/a	n/a	-SEK 15m
Dec 31 2021	SEK 2m	n/a	-SEK 16m
Sep 30 2021	n/a	n/a	SEK 4m
Jun 30 2021	n/a	n/a	SEK 269k
Mar 31 2021	n/a	n/a	SEK 3m
Dec 31 2020	SEK 256k	n/a	SEK 7m

Compensation vs Market: Jorgen's total compensation ($USD316.95K) is below average for companies of similar size in the Swedish market ($USD482.02K).

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

CEO

Jorgen Olsson (64 yo)

less than a year

Tenure

SEK 3,291,000

Compensation

Mr. Jorgen Olsson serves as Chief Executive Officer of Gruvaktiebolaget Viscaria (formerly known as Copperstone Resources AB) since September 7, 2023 and serves as its President since 2023 and has been its...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jorgen Olsson	President	less than a year	SEK 3.29m	3.3% SEK 64.8m
Michael Mattsson	Head of Business Development	3.3yrs	SEK 100.00k	1.05% SEK 20.6m
Anna Tyni	Deputy CEO & Deputy MD	less than a year	SEK 1.80m	0.042% SEK 831.7k
Frida Keskitalo	Chief Financial Officer	1.4yrs	no data	no data
Karin Svensson	Head of Communications	no data	no data	no data
Peter Wihlborg	Head of Environment & Sustainability	less than a year	no data	0.0021% SEK 40.9k
Karin Lindgren	Head of Geology	1.7yrs	no data	no data
Christopher Wikman	Head of Mine	less than a year	no data	0.0017% SEK 33.8k
Thomas Nordmark	Head of Infrastructure & Logistics	less than a year	no data	0.0014% SEK 27.3k
Tove Tackdal	Head of Enrichment	3.7yrs	no data	no data
Emma Makitaavola	Head of Project Office	less than a year	no data	0.00035% SEK 6.9k

1.0yrs

Average Tenure

51.5yo

Average Age

Experienced Management: VISC's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jorgen Olsson	President	4.3yrs	SEK 3.29m	3.3% SEK 64.8m
Markus Petajaniemi	Independent Vice Chairman	2.8yrs	SEK 300.00k	0.010% SEK 204.6k
Henrik Ager	Director	less than a year	SEK 4.90m	no data
Sven-Erik Bucht	Independent Director	5.3yrs	SEK 200.00k	0.12% SEK 2.3m
Jane Ericsson	Independent Director	4.3yrs	SEK 200.00k	0.066% SEK 1.3m
Lars Seiz	Independent Director	4yrs	SEK 200.00k	0.16% SEK 3.2m
Ing-Marie Drugge	Independent Director	2.3yrs	SEK 200.00k	0.000070% SEK 1.4k
Per Colleen	Chairman	2.7yrs	SEK 200.00k	0.14% SEK 2.7m

3.4yrs

Average Tenure

63yo

Average Age

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

Gruvaktiebolaget Viscaria Management

Management criteria checks 2/4

Key information

Recent management updates

Copperstone Resources AB Announces Executive Changes

Copperstone Resources AB, Annual General Meeting, May 07, 2024

Copperstone Resources AB (Publ) Appoints Per Colleen as Chairman

Director recently bought kr40m worth of stock

Copperstone Appoints Frida Keskitalo as CFO

Copperstone Resources New CEO Henrik Ager Assumes His Position

Recent updates

Second quarter 2024 earnings released: kr0.13 loss per share (vs kr0.11 loss in 2Q 2023)

New minor risk - Shareholder dilution

Copperstone Resources AB Receives Permit from the Land and Environment Court

First quarter 2024 earnings released: kr0.13 loss per share (vs kr0.097 loss in 1Q 2023)

Copperstone Resources AB's (STO:COPP) 28% Jump Shows Its Popularity With Investors

Full year 2023 earnings released: kr0.36 loss per share (vs kr0.33 loss in FY 2022)

Copperstone Resources AB to Report Fiscal Year 2024 Results on Feb 20, 2025

Forecast to breakeven in 2026

Copperstone Resources AB Completes an Upgrade of the Mineral Resources in the Eva Deposit in Arvidsjaur

Copperstone Resources AB's (STO:COPP) Shareholders Might Be Looking For Exit

Third quarter 2023 earnings released: kr0.001 loss per share (vs kr0.003 loss in 3Q 2022)

New major risk - Revenue and earnings growth

Copperstone Resources AB to Report Nine Months, 2024 Results on Nov 08, 2024

Copperstone Resources AB Announces Executive Changes

Copperstone Resources AB, Annual General Meeting, May 07, 2024

Copperstone Resources AB (Publ) Appoints Per Colleen as Chairman

Second quarter 2023 earnings released: kr0.005 loss per share (vs kr0.004 loss in 2Q 2022)

New major risk - Revenue and earnings growth

Director recently bought kr40m worth of stock

Copperstone Resources AB has completed a Follow-on Equity Offering in the amount of SEK 265.999999 million.

First quarter 2023 earnings released: kr0.005 loss per share (vs kr0.003 loss in 1Q 2022)

Full year 2022 earnings released: kr0.014 loss per share (vs kr0.017 loss in FY 2021)

Copperstone Appoints Frida Keskitalo as CFO

Copperstone Resources New CEO Henrik Ager Assumes His Position

Third quarter 2022 earnings released: kr0.003 loss per share (vs kr0.003 loss in 3Q 2021)

Copperstone Resources AB Announces Successful Mineral Resource Upgrade at its Viscaria Mine

Price target increased to kr1.75

High number of new directors

Copperstone Resources AB has completed a Follow-on Equity Offering in the amount of SEK 234.840749 million.

CopperstoneResources AB (publ) Announces Executive Changes

Second quarter 2022 earnings released: kr0.004 loss per share (vs kr0.003 loss in 2Q 2021)

Despite Lacking Profits Copperstone Resources (STO:COPP B) Seems To Be On Top Of Its Debt

CopperstoneResources AB (publ) Updates on the Environmental Permit Application for the Viscaria Mine

Full year 2021 earnings released: kr0.017 loss per share (vs kr0.012 profit in FY 2020)

Price target increased to kr1.75

High number of new and inexperienced directors

Head of Business Development & Director recently sold kr1.2m worth of stock

Copperstone Resources AB (publ) Submits an Environmental Permit Application for the Viscaria Mine

Copperstone Resources AB to Report Fiscal Year 2021 Final Results on Apr 22, 2022

Full year 2021 earnings: EPS misses analyst expectations

Copperstone Resources AB has completed a Follow-on Equity Offering in the amount of SEK 147.911617 million.

Third quarter 2021 earnings released: kr0.003 loss per share (vs kr0.011 loss in 3Q 2020)

Second quarter 2021 earnings released: kr0.003 loss per share (vs kr0.001 loss in 2Q 2020)

Executive Chairman recently bought kr1.2m worth of stock

Independent Director recently sold kr3.5m worth of stock

Head of Business Development & Director recently sold kr2.3m worth of stock

Copperstone Resources AB announced that it expects to receive SEK 8.46 million in funding from Norrlandsfonden

First quarter 2021 earnings released: kr0.006 loss per share (vs kr0.003 loss in 1Q 2020)

Full year 2020 earnings released: EPS kr0.012 (vs kr0.034 loss in FY 2019)

Independent Director has left the company

Copperstone Resources AB Announces Resignation of Malcolm Norris from Board

New 90-day high: kr0.84

New 90-day low: kr0.62

Price target raised to kr1.95

Is Copperstone Resources (STO:COPP B) Using Too Much Debt?

New 90-day high: kr0.83

Copperstone Resources AB Increases Copper Resources in Viscaria, in Addition Magnetite Confirmed as A Potentially Valuable By-Product

Copperstone Resources'(STO:COPP B) Share Price Is Down 58% Over The Past Three Years.

New 90-day low: kr0.69

Copperstone Resources AB to Report Q1, 2021 Results on May 19, 2021

New 90-day low: kr0.72

Earnings released

Copperstone Resources AB announced that it expects to receive SEK 2 million in funding from Norrlandsfonden

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure