Fortuna Mining Management
Management criteria checks 2/4
Fortuna Mining's CEO is Jorge Ganoza Durant, appointed in Jan 2006, has a tenure of 18.5 years. total yearly compensation is $4.67M, comprised of 15.3% salary and 84.7% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth $7.77M. The average tenure of the management team and the board of directors is 3.9 years and 7.8 years respectively.
Key information
Jorge Ganoza Durant
Chief executive officer
US$4.7m
Total compensation
CEO salary percentage | 15.3% |
CEO tenure | 18.5yrs |
CEO ownership | 0.7% |
Management average tenure | 3.9yrs |
Board average tenure | 7.8yrs |
Recent management updates
Recent updates
Fortuna 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 23Fortuna Silver Mines: A Decent Start To FY2022
Apr 27Fortuna Silver: Production Growth Overshadowed By Cost Creep
Apr 06Fortuna Silver Mines: Another Disappointing Reserve Update
Mar 21Fortuna Silver Mines: Lindero Mine Delivered An Impressive Gold Production
Jan 25CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
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 |
Sep 30 2018 | n/a | n/a | US$66m |
Jun 30 2018 | n/a | n/a | US$69m |
Mar 31 2018 | n/a | n/a | US$67m |
Dec 31 2017 | US$2m | US$600k | US$66m |
Compensation vs Market: Jorge's total compensation ($USD4.67M) is above average for companies of similar size in the US market ($USD3.37M).
Compensation vs Earnings: Jorge's compensation has increased whilst the company is unprofitable.
CEO
Jorge Ganoza Durant (54 yo)
18.5yrs
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 | 18.5yrs | US$4.67m | 0.72% $ 7.8m | |
Co-Founder & Director | no data | US$231.99k | 0.056% $ 606.9k | |
Chief Financial Officer | 18.1yrs | US$2.23m | 0.24% $ 2.6m | |
Senior Vice President of Technical Services | 7.5yrs | US$1.32m | 0.041% $ 441.8k | |
Chief Operating Officer of Latin America | 3.9yrs | US$1.38m | 0.016% $ 176.3k | |
Chief Operating Officer of West Africa | 1.8yrs | US$1.82m | 0% $ 0 | |
Vice President of Finance and Accounting | 1.5yrs | no data | 0.0022% $ 23.7k | |
Vice President of Investor Relations | no data | no data | no data | |
Corporate Counsel & Chief Compliance Officer | 5.8yrs | no data | no data | |
Vice President of People | less than a year | no data | no data | |
Country Head of Mexico | 3.9yrs | no data | no data | |
Senior Vice President of Exploration | 2.8yrs | US$1.27m | 0.019% $ 207.0k |
3.9yrs
Average Tenure
56.5yo
Average Age
Experienced Management: FSM's management team is considered experienced (3.9 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Co-Founder | 19.6yrs | US$4.67m | 0.72% $ 7.8m | |
Co-Founder & Director | 16.1yrs | US$231.99k | 0.056% $ 606.9k | |
Independent Director | 11yrs | US$203.56k | no data | |
Independent Chairman | 7.8yrs | US$279.96k | 0.036% $ 385.8k | |
Independent Director | 3yrs | US$165.31k | no data | |
Independent Director | 6.9yrs | US$189.31k | 0.0011% $ 12.3k | |
Independent Director | 2.1yrs | US$165.54k | no data | |
Independent Director | 7.7yrs | US$177.56k | 0.012% $ 129.0k |
7.8yrs
Average Tenure
56yo
Average Age
Experienced Board: FSM's board of directors are considered experienced (7.8 years average tenure).