Fortuna Silver Mines Management
Management criteria checks 4/4
Fortuna Silver Mines' CEO is Jorge Ganoza Durant, appointed in Jan 2006, has a tenure of 18.33 years. total yearly compensation is $3.47M, comprised of 19.7% salary and 80.3% bonuses, including company stock and options. directly owns 0.64% of the company’s shares, worth $9.03M. The average tenure of the management team and the board of directors is 3.8 years and 7.6 years respectively.
Key information
Jorge Ganoza Durant
Chief executive officer
US$3.5m
Total compensation
| CEO salary percentage | 19.7% |
| CEO tenure | 18.3yrs |
| CEO ownership | 0.6% |
| Management average tenure | 3.8yrs |
| Board average tenure | 7.6yrs |
Recent management updates
Recent updates
Fortuna 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 25Fortuna Silver Mines: The San Jose Mine Uncertainty Hurts
Dec 12CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -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$66m |
Compensation vs Market: Jorge's total compensation ($USD3.47M) is below average for companies of similar size in the US market ($USD5.67M).
Compensation vs Earnings: Jorge's compensation has been consistent with company performance over the past year.
CEO
Jorge Ganoza Durant (53 yo)
18.3yrs
Tenure
US$3,474,396
Compensation
Mr. Jorge A. Ganoza Durant, B.Sc. Eng, co-founded Fortuna Silver Mines Inc. (formerly Fortuna Ventures Inc.) in 2004. He served as Independent Director at Ferreycorp S.A.A. Mr. Durant has been the Chief Ex...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 18.3yrs | US$3.47m | 0.64% $ 9.0m | |
| Co-Founder & Director | no data | US$247.98k | 0.056% $ 789.5k | |
| Chief Financial Officer | 17.9yrs | US$1.73m | 0.22% $ 3.1m | |
| Senior Vice President of Technical Services | 7.3yrs | US$1.13m | 0.038% $ 532.4k | |
| Chief Operating Officer of Latin America | 3.8yrs | US$1.24m | 0.016% $ 229.1k | |
| Senior Vice President of Exploration | 2.6yrs | US$1.27m | 0.019% $ 269.2k | |
| Vice President of Finance and Accounting | 1.3yrs | no data | 0.0022% $ 30.8k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Corporate Counsel & Chief Compliance Officer | 5.7yrs | no data | no data | |
| Vice President of People | less than a year | no data | no data | |
| Country Head of Mexico | 3.8yrs | no data | no data | |
| Country Head of Peru | 3.3yrs | no data | no data |
3.8yrs
Average Tenure
53yo
Average Age
Experienced Management: FSM's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 19.4yrs | US$3.47m | 0.64% $ 9.0m | |
| Co-Founder & Director | 15.9yrs | US$247.98k | 0.056% $ 789.5k | |
| Independent Director | 10.8yrs | US$223.82k | no data | |
| Independent Chairman | 7.7yrs | US$310.99k | 0.036% $ 501.9k | |
| Independent Director | 2.8yrs | US$178.82k | no data | |
| Independent Director | 6.8yrs | US$207.57k | 0.0011% $ 16.0k | |
| Independent Director | 1.9yrs | US$96.92k | no data | |
| Independent Director | 7.5yrs | US$196.32k | 0.012% $ 167.9k |
7.6yrs
Average Tenure
55yo
Average Age
Experienced Board: FSM's board of directors are considered experienced (7.6 years average tenure).