Lavras Gold Management
Management criteria checks 2/4
Lavras Gold's CEO is Mike Durose, appointed in Apr 2022, has a tenure of 2.42 years. total yearly compensation is CA$175.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth $398.24K. The average tenure of the management team and the board of directors is 2.4 years and 2.4 years respectively.
Key information
Mike Durose
Chief executive officer
CA$175.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 2.4yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2.4yrs |
| Board average tenure | 2.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -CA$3m |
| Mar 31 2024 | n/a | n/a | -CA$2m |
| Dec 31 2023 | CA$175k | CA$175k | -CA$2m |
| Sep 30 2023 | n/a | n/a | -CA$2m |
| Jun 30 2023 | n/a | n/a | -CA$2m |
| Dec 31 2022 | CA$120k | CA$120k | -CA$2m |
Compensation vs Market: Mike's total compensation ($USD129.47K) is below average for companies of similar size in the US market ($USD677.23K).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Durose (58 yo)
2.4yrs
Tenure
CA$175,000
Compensation
Mr. Michael Christopher Durose, also known as Mike, is the President & CEO at Lavras Gold Corp. since April 21, 2022 and its Director since April 18, 2022. He is the Founder of HanOcci Group Inc and also s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.4yrs | CA$175.00k | 0.40% CA$ 398.2k | |
| CFO & Corporate Secretary | 2.4yrs | CA$150.00k | 0.58% CA$ 573.9k | |
| Vice President of Investor Relations | 1.7yrs | no data | no data |
2.4yrs
Average Tenure
64yo
Average Age
Experienced Management: LGCF.F's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.4yrs | CA$175.00k | 0.40% CA$ 398.2k | |
| Independent Director | 2.4yrs | CA$10.00k | 1.8% CA$ 1.8m | |
| Independent Chairman | 2.4yrs | CA$10.00k | 2.47% CA$ 2.4m | |
| Independent Director | 2.4yrs | CA$10.00k | 9.89% CA$ 9.8m | |
| Director | 2.8yrs | CA$40.00k | 1.75% CA$ 1.7m | |
| Independent Director | 2.4yrs | CA$10.00k | 1.57% CA$ 1.5m | |
| Independent Director | 1.2yrs | CA$5.00k | 0.0023% CA$ 2.3k |
2.4yrs
Average Tenure
61yo
Average Age
Experienced Board: LGCF.F's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.