Fortuna Mining Management
Management criteria checks 4/4
Fortuna Mining's CEO is Jorge Ganoza Durant, appointed in Jan 2006, has a tenure of 19.08 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 $10.86M. The average tenure of the management team and the board of directors is 4.5 years and 8.3 years respectively.
Key information
Jorge Ganoza Durant
Chief executive officer
US$4.7m
Total compensation
| CEO salary percentage | 15.3% |
| CEO tenure | 19.1yrs |
| CEO ownership | 0.7% |
| Management average tenure | 4.5yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
Fortuna Mining: High Costs, Declining Production, And Risky Operations Make Me Avoid
Jan 05Bullish Gold Boosts Fortuna Mining Outlook, Shares Trade Low
Dec 28Fortuna Mining: High Production Cost, Short Mine Life, And Elevated Jurisdiction Risk
Oct 09Fortuna Mining: Another Solid Quarter In Q2
Jul 25Fortuna Silver Mines: A Premium Valuation Relative To Tier-2/3 Jurisdiction Peers
May 26Fortuna Silver Mines' Future Looks Bright
Apr 11Fortuna Silver Mines: A Phenomenal First Year For Seguela
Mar 19Fortuna Silver Mines: Underwhelming 2024 Guidance
Jan 28Fortuna Silver: Significant Margin Expansion In Q3
Dec 08Fortuna Silver Mines Q3 Earnings: A Solid Mid-Tier Gold And Silver Producer
Nov 09Fortuna Silver Mines: A Massive First Quarter From Seguela
Oct 06Fortuna Silver: Another Quarter Of Margin Compression
Aug 16Fortuna Silver: Seguela Mine Begins Contributing On Schedule
Jul 13Fortuna Silver: More Share Dilution, But A Decent Deal For Diamba Sud
Jun 07Fortuna Silver Mines: A Disappointing 2023 Outlook
Feb 05Fortuna Silver Mines: Solid Gold Production In 2022
Jan 23Fortuna Silver Mines amends revolving credit facility
Dec 15Fortuna Silver Mines Non-GAAP EPS of $0.01 misses by $0.01, revenue of $166.6M beats by $8.13M
Nov 10Fortuna Silver Mines: Solid Production For Q3
Oct 07Fortuna Silver Mines: Silver Selloff Is A Drag
Aug 31Fortuna Silver Mines' West Africa COO Paul Criddle resigns
Aug 17Fortuna Silver Mines GAAP EPS of $0.01 misses by $0.05, revenue of $167.9M beats by $0.97M
Aug 11Fortuna Silver Mines: Nearing The Capitulation Phase
Jul 25Fortuna Silver Mines: Second Quarter Production On Target
Jul 12Fortuna Silver: Primed For A Major Comeback
Jun 18Fortuna Silver Mines: Softer Silver Price Will Weigh On Q2 Margins
May 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$25m |
| Jun 30 2024 | n/a | n/a | US$2m |
| Mar 31 2024 | n/a | n/a | -US$35m |
| Dec 31 2023 | US$5m | US$712k | -US$51m |
| Sep 30 2023 | n/a | n/a | -US$111m |
| Jun 30 2023 | n/a | n/a | -US$143m |
| Mar 31 2023 | n/a | n/a | -US$143m |
| Dec 31 2022 | US$3m | US$685k | -US$128m |
| Sep 30 2022 | n/a | n/a | US$40m |
| Jun 30 2022 | n/a | n/a | US$44m |
| Mar 31 2022 | n/a | n/a | US$58m |
| Dec 31 2021 | US$5m | US$637k | US$58m |
| Sep 30 2021 | n/a | n/a | US$61m |
| Jun 30 2021 | n/a | n/a | US$74m |
| Mar 31 2021 | n/a | n/a | US$52m |
| Dec 31 2020 | US$3m | US$618k | US$22m |
| Sep 30 2020 | n/a | n/a | US$22m |
| Jun 30 2020 | n/a | n/a | US$1m |
| Mar 31 2020 | n/a | n/a | US$17m |
| Dec 31 2019 | US$3m | US$618k | US$24m |
| Sep 30 2019 | n/a | n/a | US$7m |
| Jun 30 2019 | n/a | n/a | US$22m |
| Mar 31 2019 | n/a | n/a | US$22m |
| Dec 31 2018 | US$6m | US$600k | US$34m |
Compensation vs Market: Jorge's total compensation ($USD4.67M) is about average for companies of similar size in the US market ($USD5.34M).
Compensation vs Earnings: Jorge's compensation has been consistent with company performance over the past year.
CEO
Jorge Ganoza Durant (54 yo)
19.1yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 19.1yrs | US$4.67m | 0.69% $ 10.8m | |
| Co-Founder & Director | no data | US$231.99k | 0.055% $ 865.5k | |
| Chief Financial Officer | 18.7yrs | US$2.23m | 0.24% $ 3.8m | |
| Senior Vice President of Technical Services | 8.1yrs | US$1.32m | 0.040% $ 630.0k | |
| Chief Operating Officer of Latin America | 4.5yrs | US$1.38m | 0.016% $ 251.3k | |
| Chief Operating Officer of West Africa | 2.3yrs | US$1.82m | no data | |
| Vice President of Finance and Accounting | 2.1yrs | no data | 0.0021% $ 33.8k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Corporate Counsel & Chief Compliance Officer | 6.4yrs | no data | no data | |
| Vice President of People | 1.5yrs | no data | no data | |
| Country Head of Mexico | 4.5yrs | no data | no data | |
| Senior Vice President of Exploration | 3.3yrs | US$1.27m | 0.029% $ 460.4k |
4.5yrs
Average Tenure
56.5yo
Average Age
Experienced Management: FSM's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 20.2yrs | US$4.67m | 0.69% $ 10.8m | |
| Co-Founder & Director | 16.7yrs | US$231.99k | 0.055% $ 865.5k | |
| Independent Director | 11.6yrs | US$203.56k | no data | |
| Independent Chairman | 8.4yrs | US$279.96k | 0.035% $ 550.3k | |
| Independent Director | 3.6yrs | US$165.31k | no data | |
| Independent Director | 7.5yrs | US$189.31k | 0.0011% $ 17.7k | |
| Independent Director | 2.7yrs | US$165.54k | no data | |
| Independent Director | 8.3yrs | US$177.56k | 0.012% $ 184.0k |
8.3yrs
Average Tenure
56yo
Average Age
Experienced Board: FSM's board of directors are considered experienced (8.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/03 23:03 |
| End of Day Share Price | 2025/02/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fortuna Mining Corp. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Heiko Ihle | Alliance Global Partners |
| Brian Quast | BMO Capital Markets Equity Research |
| Colin Hamilton | BMO Capital Markets Equity Research |