Discovery Silver Management

Management criteria checks 3/4

Discovery Silver's CEO is Tony Makuch, appointed in Jun 2022, has a tenure of 2.17 years. total yearly compensation is CA$4.23M, comprised of 14.2% salary and 85.8% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $951.39K. The average tenure of the management team and the board of directors is 2 years and 5.9 years respectively.

Key information

Tony Makuch

Chief executive officer

CA$4.2m

Total compensation

CEO salary percentage	14.2%
CEO tenure	2yrs
CEO ownership	0.3%
Management average tenure	2yrs
Board average tenure	5.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tony Makuch's remuneration changed compared to Discovery Silver's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-CA$12m
Dec 31 2023	CA$4m	CA$600k	-CA$16m
Sep 30 2023	n/a	n/a	-CA$20m
Jun 30 2023	n/a	n/a	-CA$24m
Mar 31 2023	n/a	n/a	-CA$32m
Dec 31 2022	CA$1m	CA$277k	-CA$41m

Compensation vs Market: Tony's total compensation ($USD3.11M) is about average for companies of similar size in the US market ($USD2.49M).

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

CEO

Tony Makuch (66 yo)

2yrs

Tenure

CA$4,234,999

Compensation

Mr. Anthony Paul Makuch, also known as Tony, B.Sc. M.Sc. M.B.A. ICD.D. P.Eng. serves as Director at Karora Resources Inc. from August 2023 and served as its Special Advisor since May 2022. He is an Indepen...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anthony Makuch	President	2yrs	CA$4.23m	0.30% CA$ 951.4k
Andreas L'Abbe	CFO & Corporate Secretary	6.5yrs	CA$755.63k	0.28% CA$ 892.0k
Forbes Gemmell	Vice President of Corporate Development & Investor Relations	4.4yrs	CA$731.25k	0.013% CA$ 40.8k
Gernot Wober	Vice President of Exploration	5.9yrs	CA$792.19k	0.24% CA$ 766.4k
Roman Solis	Senior Vice President of Mexico	less than a year	CA$706.88k	no data
Bindu Satyajit	Corporate Secretary & Manager of Administrative Services	less than a year	no data	no data
Jose Jabalera	Vice President of Corporate Affairs & Sustainability at Mexico	less than a year	no data	no data

2.0yrs

Average Tenure

58yo

Average Age

Experienced Management: DSVS.F's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anthony Makuch	President	2.2yrs	CA$4.23m	0.30% CA$ 951.4k
William John	Independent Chairman of the Board	7yrs	CA$385.00k	0.38% CA$ 1.2m
Sean Tetzlaff	Member of Advisory Board	6.8yrs	no data	no data
Calvin Everett	Member of Advisory Board	6.8yrs	no data	no data
Francisco Arturo Zepeda	Chairman of Advisory Board	6.8yrs	no data	no data
Jeffrey Parr	Independent Director	7yrs	CA$355.00k	0.14% CA$ 440.3k
Jennifer Wagner	Independent Director	3.3yrs	CA$360.00k	0.013% CA$ 39.6k
Jonathan Gill	Advisor to the Board	less than a year	no data	no data
Moira Smith	Independent Director	5yrs	CA$345.00k	0.24% CA$ 764.9k
Jose Vizquerra Benavides	Member of Advisory Board	4.4yrs	CA$12.93k	no data
Daniel Vickerman	Independent Director	4.8yrs	CA$345.00k	0.043% CA$ 134.7k
Craig Roberts	Member of Advisory Board	6.8yrs	no data	no data

5.9yrs

Average Tenure

65yo

Average Age

Experienced Board: DSVS.F's board of directors are considered experienced (5.9 years average tenure).

Discovery Silver Management

Management criteria checks 3/4

Key information

Recent management updates

Discovery Silver Corp., Annual General Meeting, May 15, 2024

Discovery Silver Corp. Announces the Departure of Tony Esplin as Chief Operating Officer

Discovery Silver Corp. Announces Key Appointments to the Board and Management Team

Discovery Silver Corp. Announces Appointment of Tony Makuch as Chief Executive Officer

Discovery Silver Corp. Elects Tony Makuch as Director

Discovery Silver Corp. Announces Resignation of Taj Singh as President and Board of Directors

Recent updates

Discovery Silver Corp., Annual General Meeting, May 15, 2024

Discovery Silver Corp. Announces Positive Feasibility Results from Cordero Silver Project in Mexico

Discovery Silver Corp. Announces Positive Feasibility Results from Cordero Silver Project in Mexico

Discovery Silver Corp. Announces the Departure of Tony Esplin as Chief Operating Officer

Discovery Silver Corp. Reports Optimized Results from Its Feasibility Study Metallurgical Test Program

Discovery Silver Corp. Announces the Submission of Its Environmental Impact Assessment for Its Cordero Project

Discovery Silver Corp. Announces Key Appointments to the Board and Management Team

Discovery Silver Corp. Reports Additional Positive Results from Its Feasibility Study Drill Program At Cordero

Discovery Silver Corp. Provides Cordero Project Update

Discovery Silver Corp.(TSXV:DSV) dropped from S&P/TSX Venture Composite Index

Discovery Silver Corp. Reports Preliminary Feasibility Study on Cordero

Discovery Silver Corp. Announces Appointment of Tony Makuch as Chief Executive Officer

Discovery Silver Corp. Announces Results from the First 15 Feasibility Study Drill Holes on Its Cordero Silver Project Located in Chihuahua State, Mexico

Discovery Silver Corp. Continues to Demonstrate Expansion Potential in Final Phase 2 Drill Holes at Cordero

Discovery Reports Exceptional Results from Its Pre-Feasibility Study Metallurgical Test Program

Discovery Silver Corp. Announces Results of Phase 2 Drill Program of Cordero Silver Project

Discovery Silver Corp. Elects Tony Makuch as Director

Discovery Silver Corp. Announces Resignation of Taj Singh as President and Board of Directors

Discovery Silver Corp. Reports Positive Metallurgical Results from Cordero & Provides Project Update

Discovery Silver Corp. Announces Resignation of Mark O'dea as Director

Discovery Silver Corp. Announces Resignation of Mark O'dea as Director

Discovery Silver Corp. Intercepts 337 g/t AgEq over 34 m and 606 g/t AgEq over 18 m Below the PEA Open Pit at Cordero

Discovery Silver Corp., Annual General Meeting, Jun 24, 2022

Discovery Silver Corp. Appoints Tony Makuch to its Board of Directors

Discovery Silver Corp. Intercepts 328 G/T Ageq over 46 M Outside Current Resource At Cordero

Discovery Silver Corp. Intersects 247 g/t AgEq over 50 m in Phase 2 Drilling at Cordero

Discovery Silver Corp. Files on SEDAR Its National Instrument 43-101 (“NI 43-101”) Technical Report Titled Preliminary Economic Assessment of Thecordero Silver Project Chihuahua State, Mexico, in Respect of Discovery’s Cordero Deposit in Mexico

Discovery Silver Corp. Announce Results from Its Metallurgical Test Program on Representative Samples from the Cordero Deposit

Discovery Silver Corp. Intersects 194 G/T AgEq over 217 M in Final Drilling for Upcoming Resource Estimate At Cordero

Discovery Silver Corp. Announces Results from 21 Diamond Drill Holes Targeting Bulk-Tonnage Mineralization in the North Corridor at its Cordero Silver Project in Chihuahua State, Mexico

Discovery Silver Corp. Announces Results from 13 Diamond Drill Holes Drilled Along the Josefina High-Grade Vein Trend At Its Cordero Project

Discovery Silver Corp. Announce Results from 12 Diamond Drill Holes Targeting Bulk-Tonnage Mineralization At Its Cordero Silver Project

Discovery Silver Corp. Announce Results from 12 Diamond Drill Holes Targeting the Josefina and Todos Santos High-Grade Vein Trends At Its Flagship Cordero Project Located in Chihuahua State, Mexico

Discovery Silver Corp Provides Project Update

Discovery Reports Results from 14 Diamond Drill Holes Targeting the Josefina and Todos Santos High-Grade Vein Trends At Its Flagship Cordero Project

Discovery Metals Corp. Appoints Jennifer Wagner to the Board of Directors

Discovery Significantly Expands Higher-Grade Bulk-Tonnage Domain At Cordero

Discovery Metals Corp. Confirms and Extends Strike Extent of High-Grade Vein Mineralization At Cordero

Discovery Reports 138 G/T AgEq over 139 M in South Corridor At Cordero

Discovery Metals Corp. Announce Results from Four Diamond Drill Holes Targeting the Todos Santos High-Grade Vein Trend At Its Cordero Project Located in Chihuahua State, Mexico

Discovery Metals Corp. announced that it has received CAD 35.00145 million in funding

Discovery Metals Corp. announced that it expects to receive CAD 34.999999 million in funding

CEO Compensation Analysis

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Leadership Team

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Board Members

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