Gold Resource Management

Management criteria checks 4/4

Gold Resource's CEO is Allen Palmiere, appointed in Jan 2021, has a tenure of 3.67 years. total yearly compensation is $834.26K, comprised of 59.3% salary and 40.7% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth $35.66K. The average tenure of the management team and the board of directors is 2.9 years and 3.7 years respectively.

Key information

Allen Palmiere

Chief executive officer

US$834.3k

Total compensation

CEO salary percentage	59.3%
CEO tenure	3.7yrs
CEO ownership	0.1%
Management average tenure	2.9yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Allen Palmiere's remuneration changed compared to Gold Resource's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$42m
Mar 31 2024	n/a	n/a	-US$19m
Dec 31 2023	US$834k	US$495k	-US$16m
Sep 30 2023	n/a	n/a	-US$16m
Jun 30 2023	n/a	n/a	-US$19m
Mar 31 2023	n/a	n/a	-US$11m
Dec 31 2022	US$2m	US$450k	-US$6m
Sep 30 2022	n/a	n/a	-US$349k
Jun 30 2022	n/a	n/a	US$11m
Mar 31 2022	n/a	n/a	US$10m
Dec 31 2021	US$2m	US$450k	US$8m

Compensation vs Market: Allen's total compensation ($USD834.26K) is about average for companies of similar size in the US market ($USD677.23K).

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

CEO

Allen Palmiere (71 yo)

3.7yrs

Tenure

US$834,255

Compensation

Mr. Allen Joseph Palmiere, B.Comm. C.A., serves as an Independent Director at Maritime Resources Corp. since November 30, 2023. He serves as Chief Executive Officer, President and Director at Gold Resource...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Allen Palmiere	CEO, President & Director	3.7yrs	US$834.26k	0.10% $ 35.7k
Chet Holyoak	CFO & Corporate Controller	2.2yrs	US$251.08k	0.0044% $ 1.5k
Alberto Reyes	Chief Operating Officer	3.3yrs	US$553.60k	0.016% $ 5.6k
Patrick Frenette	Vice President of Technical Services	2.4yrs	no data	no data

2.9yrs

Average Tenure

48yo

Average Age

Experienced Management: GORO's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Allen Palmiere	CEO, President & Director	3.7yrs	US$834.26k	0.10% $ 35.7k
Ronald Little	Interim Independent Chairman of the Board	3.6yrs	US$210.76k	0.043% $ 14.6k
Lila A. Murphy	Independent Director	3.7yrs	US$165.69k	0% $ 0

3.7yrs

Average Tenure

61yo

Average Age

Experienced Board: GORO's board of directors are considered experienced (3.7 years average tenure).

Gold Resource Management

Management criteria checks 4/4

Key information

Recent management updates

Gold Resource Corporation, Annual General Meeting, Jun 18, 2024

Insufficient new directors

Gold Resource Corporation Announces Change in Chief Financial Officer

Gold Resource Corporation Announces the Resignation of Joe Driscoll from the Board of Directors

Gold Resource Corporation Announces Resignation of Alex Morrison as Chairman of the Board of Directors

High number of new and inexperienced directors

Recent updates

Price target increased by 9.1% to US$1.50

Second quarter 2024 earnings released: US$0.30 loss per share (vs US$0.052 loss in 2Q 2023)

New minor risk - Shareholder dilution

First quarter 2024 earnings released: US$0.045 loss per share (vs US$0.012 loss in 1Q 2023)

Gold Resource Corporation, Annual General Meeting, Jun 18, 2024

New major risk - Share price stability

Full year 2023 earnings released: US$0.18 loss per share (vs US$0.072 loss in FY 2022)

Gold Resource Corporation Provides Production Guidance for the Full Year 2024

Insufficient new directors

Gold Resource Corporation Reports High Grade Drill Results At the Don David Gold Mine

New minor risk - Share price stability

Third quarter 2023 earnings released: US$0.083 loss per share (vs US$0.11 loss in 3Q 2022)

Gold Resource Corporation Reports the Filing of a SK1300 Initial Assessment for the Back Forty Project

Price target decreased by 13% to US$2.63

Gold Resource Corporation Reports Continued Positive Drill Results at Don David Gold Mine

Gold Resource Corporation Announces Change in Chief Financial Officer

Second quarter 2023 earnings released: US$0.052 loss per share (vs US$0.03 profit in 2Q 2022)

Gold Resource Corporation Reaffirms Production Guidance for the Year 2023

New minor risk - Share price stability

Gold Resource Corporation Announces the Resignation of Joe Driscoll from the Board of Directors

Gold Resource Corporation Provides an Update on Positive Year-To-Date 2023 Drill Results At the Don David Gold Mine

Gold Resource Corporation Announces Resignation of Alex Morrison as Chairman of the Board of Directors

Full year 2022 earnings released: US$0.072 loss per share (vs US$0.11 profit in FY 2021)

Price target decreased by 24% to US$3.63

Gold Resource Corporation Provides Production Guidance for the Year 2023

Upcoming dividend of US$0.01 per share

High number of new and inexperienced directors

Third quarter 2022 earnings released: US$0.11 loss per share (vs US$0.021 profit in 3Q 2021)

Gold Resource Corporation Declares Quarterly Dividend for the Fourth Quarter of 2022, Payable on December 30, 2022

Price target decreased to US$4.63

Investor sentiment improved over the past week

Upcoming dividend of US$0.01 per share

Gold Resource Corporation Reiterates Production Guidance for the Full Year 2022

Gold Resource Corporation Declares Quarterly Dividend for the Third Quarter of 2022, Payable on September 30, 2022

Second quarter 2022 earnings released: EPS: US$0.03 (vs US$0.017 in 2Q 2021)

Price target decreased to US$5.00

Upcoming dividend of US$0.01 per share

First quarter 2022 earnings released: EPS: US$0.045 (vs US$0.034 in 1Q 2021)

Now 22% undervalued

High number of new and inexperienced directors

Investor sentiment deteriorated over the past week

Gold Resource Corporation Announce Addition to Management Team

Investor sentiment improved over the past week

Gold Resource Corporation, Annual General Meeting, May 19, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.01 per share

Investor sentiment improved over the past week

Gold Resource Corporation Declares Quarterly Dividend for First Quarter of 2022, Payable on March 31, 2022

Investor sentiment improved over the past week

Gold Resource Corporation (NYSEAM:GORO) completed the acquisition of Aquila Resources Inc. (TSX:AQA) from Orion Mine Finance, Osisko Bermuda Limited, Hudbay Minerals Inc. (TSX:HBM) and others.

Upcoming dividend of US$0.01 per share

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$0.021 (vs US$0.071 in 3Q 2020)

Gold Resource Corporation (NYSEAM:GORO) entered into a binding letter agreement to acquire Aquila Resources Inc. (TSX:AQA) from Orion Mine Finance, Osisko Bermuda Limited and others for CAD 31.2 million.

Upcoming dividend of US$0.01 per share

Second quarter 2021 earnings released: EPS US$0.017 (vs US$0.004 in 2Q 2020)

Gold Resource Corporation(NYSEAM:GORO) dropped from Russell 3000E Value Index

Upcoming dividend of US$0.01 per share

First quarter 2021 earnings released: EPS US$0.034 (vs US$0.047 loss in 1Q 2020)

Price target increased to US$5.50

Gold Resource Corporation Declares Quarterly Dividend, Payable on June 30, 2021

Director recently bought US$54k worth of stock

Vice President of Exploration Barry Devlin has left the company

Vice President of Corporate Development Gregory Patterson has left the company

Price target raised to US$5.25

Gold Resource Corporation Appoints Ron Little to its Board of Directors

Gold Resource Corporation Announces Resignation of Barry Devlin, Vice President Exploration

Gold Resource Corporation Announces Termination of Gregory Patterson as Vice President Corporate Development, Effective February 26, 2021

Gold Resource Corporation Announces Executive Changes