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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation

S-K,

we are providing certain information about the relationship between executive compensation actually paid to certain individuals by the Company and certain financial performance of the Company. For further information concerning the Company’s

pay-for-performance

philosophy and how the Company aligns executive compensation with the Company’s performance, refer to the Compensation Discussion and Analysis section of this Proxy Statement. Any differences in total values are due to rounding.


									Compensation Actually Paid to Second PEO (4) ($)		Compensation Actually Paid to Third PEO (4) ($)		Average Summary Compensation Table Total for Non-PEO NEOs (5) ($)		Average Compensation Actually Paid to Non-PEO NEOs (6) ($)		Value of Initial Fixed $100 Investment Based On:
Year	Summary Compensation Table Total for First PEO (1) ($)	Summary Compensation Table Total for Second PEO (2) ($)		Summary Compensation Table Total for Third PEO (3) ($)		Compensation Actually Paid to First PEO (4) ($)			Compensation Actually Paid to Second PEO (4) ($)						Average Compensation Actually Paid to Non-PEO NEOs (6) ($)		Total Shareholder Return (7) ($)		Peer Group Total Shareholder Return (8) ($)		Net (Loss) Income (millions) (9) ($)			Annual Total Shareholder Return (10) (%)
(a)		(b)							(c)				(d)		(e)		(f)		(g)		(h)			(i)

2024	2,166,578		1,015,338		226,420		(32,491	)		1,015,338		226,420		1,638,322		1,288,956		148.71		139.24		35.8			2.8

2023	4,142,554		—		—		2,922,539			—		—		1,390,524		682,571		144.62		125.65		(84.2	)		(13.0	)

2022	4,579,866		—		—		6,145,949			—		—		1,408,227		1,674,298		166.27		118.52		(37.3	)		6.94

2021	3,765,100		—		—		3,177,762			—		—		915,927		305,615		155.48		127.24		35.1			(18.9	)

2020	5,190,508		—		—		7,046,358			—		—		1,631,356		2,457,104		191.63		136.04		(9.5	)		91.6

(1)

This column represents the amount of total compensation reported for Mr. Baker, our Former Principal Executive Officer (“First PEO”), for each corresponding year in the “Total” column of the

Summary Compensation Table

(“total compensation”). Please refer to the

Summary Compensation Table

in the Company’s Proxy Statement for the applicable year.

(2)	This column represents the total compensation reported for Ms. Boggs, our Former Interim President and CEO, Chair of Board (“Second PEO”), for 2024. Please refer to the Summary Compensation Table in this Proxy Statement on page 72.

(3)	This column represents the total compensation reported for Mr. Krcmarov, our current President and CEO (“Third PEO” and collectively with the First PEO and Second PEO, the “PEOs”), for 2024. Please refer to the Summary Compensation Table in this Proxy Statement on page 72.

(4)

These columns represent the amount of “compensation actually paid” to the applicable PEO, as computed in accordance with Item 402(v) of Regulation

S-K.

The amounts do not reflect the actual amount of compensation earned by or paid to the applicable PEO during the applicable calendar year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to the applicable PEO’s total compensation for 2024 to determine the applicable PEO’s “compensation actually paid” in calendar year 2024:


PEO	Year	Reported Summary Compensation Table Total for PEO (a) ($)		Reported Summary Compensation Table Value of PEO Equity Awards (b) ($)			Adjusted Value of PEO Equity Awards (c) ($)			Reported Summary Compensation Table Change in Value of Pension Benefits (d) ($)			Pension Benefits Adjustments (e) ($)		Compensation Actually Paid to PEO ($)

First PEO	2024		2,166,578		(1,539,862	)		(945,727	)		(44,250	)		330,770		(32,491	)

Second PEO	2024		1,015,338		(408,603	)		408,603			—			—		1,015,338

Third PEO	2024		226,420		—			—			—			—		226,420

(a)

This column represents the amount of total compensation reported for the applicable PEO for calendar year 2024 in the corresponding “Total” column of the

Summary Compensation Table

. Please refer to the

Summary Compensation Table

in this Proxy Statement on page 72.

(b)

This column represents the aggregate grant date fair value of equity awards reported for the applicable PEO in the “Stock Awards” column in the

Summary Compensation Table

for the calendar year 2024. For purposes of Mr. Baker, this column represents the value attributable to equity awards held by Mr. Baker that will vest following his retirement as disclosed in the “All Other Compensation” column of the

Summary Compensation Table

in this Proxy Statement. Please refer to the Summary Compensation Table in this Proxy Statement on page 72. The amount in this column is replaced with the applicable PEO’s corresponding amount reported under the Adjusted Value of PEO Equity Awards column in order to arrive at compensation actually paid to the applicable PEO for 2024.

(c)

This column represents an adjustment to the amounts in the “Stock Awards” column in the

Summary Compensation Table

in this Proxy Statement for calendar year 2024 for the applicable PEO. The adjusted amount replaces the “Stock Awards” column in the

Summary Compensation Table

for the applicable PEO for calendar year 2024. The adjusted amount is determined by adding (or subtracting, as applicable) the following for calendar year 2024 for the applicable PEO: the calendar

year-end

fair value of any equity awards granted in calendar year 2024 that are outstanding and unvested as of the end of calendar year 2024; (ii) the amount of change at the end of calendar year 2024 (from the end of the prior calendar year) in the fair value of any awards granted in prior years that are outstanding and unvested as of

the end of calendar year 2024; (iii) for awards that are granted and vest in calendar year 2024, the fair value as of the vesting date; (iv) for awards granted in prior calendar years that vest in calendar year 2024, the amount equal to the change as of the vesting date (from the end of the prior calendar year) in the fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during calendar year 2024, a deduction for the amount equal to the fair value at the end of the prior calendar year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in calendar year 2024 prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for calendar year 2024. The amounts added or subtracted to determine the adjusted amount for calendar year 2024 for the applicable PEO are as follows:


PEO	Year	Year End Fair Value of Equity Awards Granted in the Year ($)		Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards at FYE Granted in Prior Years ($)			Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($)		Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)			Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)		Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation in the Summary Compensation Table for the Year ($)		Adjusted Value of Equity Awards ($)

First PEO	2024		—		(846,918	)		—		(98,809	)		—		—		(945,727	)

Second PEO	2024		—		—			408,603		—			—		—		408,603

Third PEO	2024		—		—			—		—			—		—		—

The fair value or change in fair value, as applicable, of equity awards was determined by reference to (1) for RSU awards, the closing price of our common stock on the applicable measurement date and (2) for PSU awards, a Monte Carlo simulation with reference to the risk-free rate, dividend yield and volatility assumptions as of the applicable measurement date.

(d)

The amounts included in this column are the amounts reported in the “Change in Pension and Nonqualified Deferred Compensation” column of the

Summary Compensation Table

for calendar year 2024 corresponding to the aggregate change in the actuarial present value of the applicable PEO’s accumulated benefit under all defined benefit and actuarial pension plans. Please refer to the

Summary Compensation Table

in this Proxy Statement on page 72.

(e)

The total pension benefit adjustments for calendar year 2024 include the aggregate of two components: (i) the actuarially determined service cost for services rendered by the applicable PEO during calendar year 2024 (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during calendar year 2024 for the applicable PEO that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”) for the applicable PEO, in each case calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments for calendar year 2024 for the applicable PEO are as follows:


PEO	Year	Service Cost ($)	Prior Service Cost ($)	Total Pension Benefit Adjustments ($)

First PEO	2024	330,770	—		330,770

Second PEO	2024	—	—		—

Third PEO	2024	—	—		—

(5)

This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding the PEOs) in the “Total” column of the

Summary Compensation Table

in each applicable year. Please refer to the

Summary Compensation Table

in the Company’s Proxy Statement for the applicable calendar year. The names of each of the NEOs (excluding the PEOs) included for purposes of calculating the average amounts in each applicable calendar year are as follows: (i) for 2024, Messrs. Lawlar, Brown, Sienko and Clary; (ii) for 2023, Messrs. Roberts, Lawlar, Brown, Sienko and Clary; (iii) for 2022, Messrs. Roberts, Lawlar, Brown, Sienko and Clary; (iv) for 2021, Messrs. Roberts, Lawlar, Brown, Sienko and Hall; and (v) for 2020, Messrs. Roberts, Lawlar, Brown, Sienko and Hall.

(6)

This column represents the average amount of “compensation actually paid” to the NEOs as a group (excluding the PEOs), as computed in accordance with Item 402(v) of Regulation

S-K.

The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding the PEOs) during the applicable calendar year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to average total compensation for the NEOs as a group (excluding the PEOs) for calendar year 2024 to determine the “compensation actually paid” in calendar year 2024, using the same adjustment methodology described above in Note 4(c):


Year	Average Reported Summary Compensation Table Total for Non-PEO NEOs (a) ($)		Average Reported Summary Compensation Table Value of Non-PEO NEO Equity Awards (b) ($)			Average Non- PEO NEO Adjusted Value of Equity Awards (c) ($)		Average Reported Summary Compensation Table Change in Value of Pension Benefits for Non- PEO NEOs ($)			Pension Benefits Adjustments for Non-PEO NEOs ($)		Average Compensation Actually Paid to Non-PEO NEOs ($)

2024		1,638,322		(552,609	)		348,288		(203,806	)		58,761		1,288,956

(a)

This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding the PEOs) in the “Total” column of the

Summary Compensation Table

for calendar year 2024. Please refer to the

Summary Compensation Table

in this Proxy Statement on page 72.

(b)

This column represents the average of the total amounts reported for the NEOs as a group (excluding the PEOs) in the “Stock Awards” column in the

Summary Compensation Table

in calendar year 2024. Please refer to the

Summary Compensation Table

in this Proxy Statement on page 72. The amount in this column is replaced with the corresponding amount reported under the Average

non-PEO

NEO Adjusted Value of Equity Awards column in order to arrive at compensation actually paid for 2024.

(c)

This column represents an adjustment to the average of the amounts reported for the NEOs as a group (excluding the PEOs) in the “Stock Awards” column in the

Summary Compensation Table

for calendar year 2024 determined using the same methodology described above in Note 4(c). For calendar year 2024, the adjusted amount replaces the “Stock Awards” column in the

Summary Compensation Table

for each NEO (excluding the PEOs) for that year. The amounts added or subtracted to determine the adjusted average amount for calendar year 2024 are as follows:


Year	Average Year End Fair Value of Equity Awards Granted in the Year to Non-PEO NEOs ($)		Average Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards at FYE Granted in Prior Years ($)			Average Fair Value as of Vesting Date of Equity Awards Granted in the Year and Vested in the Year ($)		Average Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)			Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)		Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation in the Summary Compensation Table for the Year ($)		Adjusted Average Value of Equity Award ($)

2024		521,981		(155,776	)		—		(17,917	)		—		—		348,288

The fair value or change in fair value, as applicable, of equity awards was determined by reference to (1) for RSU awards, the closing price of our common stock on the applicable measurement date, and (2) for PSU awards, a Monte Carlos simulation with reference to the risk-free rate, dividend yield and volatility assumptions as of the applicable measurement date.

(d)

The amounts included in this column represent the average of the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the

Summary Compensation Table

for the NEOs as a group (excluding the PEOs) in calendar year 2024 corresponding to the aggregate change in the actuarial present value of the NEOs’ accumulated benefits under all defined benefit and actuarial pension plans. Please refer to the

Summary Compensation Table

in this Proxy Statement on page 72.

(e)

The total pension benefit adjustments for calendar year 2024 are the aggregate of two components, averaged for the NEOs as a group (excluding the PEOs) in calendar year 2024 determined using the same methodology described above in Note 4(e): The amounts deducted or added in calculating the pension benefit adjustments for calendar year 2024 are as follows:


Year	Service Cost ($)		Prior Service Cost ($)	Total Pension Benefit Adjustments ($)

2024		58,761	—		58,761

(7)	Company TSR is calculated by assuming that a $100 investment was made on the day prior to the first fiscal year reported and reinvesting all dividends until the last day of each reported fiscal year.

(8)

This column represents cumulative peer group TSR computed in accordance with Note 7. The peer group used for this purpose is the following published industry index: Philadelphia Gold and Silver Index. We selected the Philadelphia Gold and Silver Index as the peer group TSR for fiscal 2024 because it is the same index that is used by the Company in the performance graph in the Company’s Form

10-K

for calendar year 2024.

(9)	This column represents the amount of net income reflected in the Company’s audited financial statements for the applicable year.

(10)	Annual TSR is calculated as the change in the share price between the beginning and ending of the applicable year, plus any dividends paid during such year, divided by the share price at the beginning of the year.

Company Selected Measure Name

Annual TSR

Named Executive Officers, Footnote

This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding the PEOs) in the “Total” column of the

Summary Compensation Table

in each applicable year. Please refer to the

Summary Compensation Table

Peer Group Issuers, Footnote

10-K

for calendar year 2024.

Adjustment To PEO Compensation, Footnote

(4)

These columns represent the amount of “compensation actually paid” to the applicable PEO, as computed in accordance with Item 402(v) of Regulation

S-K.

S-K,

the following adjustments were made to the applicable PEO’s total compensation for 2024 to determine the applicable PEO’s “compensation actually paid” in calendar year 2024:


PEO	Year	Reported Summary Compensation Table Total for PEO (a) ($)		Reported Summary Compensation Table Value of PEO Equity Awards (b) ($)			Adjusted Value of PEO Equity Awards (c) ($)			Reported Summary Compensation Table Change in Value of Pension Benefits (d) ($)			Pension Benefits Adjustments (e) ($)		Compensation Actually Paid to PEO ($)

First PEO	2024		2,166,578		(1,539,862	)		(945,727	)		(44,250	)		330,770		(32,491	)

Second PEO	2024		1,015,338		(408,603	)		408,603			—			—		1,015,338

Third PEO	2024		226,420		—			—			—			—		226,420

(a)

This column represents the amount of total compensation reported for the applicable PEO for calendar year 2024 in the corresponding “Total” column of the

Summary Compensation Table

. Please refer to the

Summary Compensation Table

in this Proxy Statement on page 72.

(b)

This column represents the aggregate grant date fair value of equity awards reported for the applicable PEO in the “Stock Awards” column in the

Summary Compensation Table

(c)

This column represents an adjustment to the amounts in the “Stock Awards” column in the

Summary Compensation Table

in this Proxy Statement for calendar year 2024 for the applicable PEO. The adjusted amount replaces the “Stock Awards” column in the

Summary Compensation Table

for the applicable PEO for calendar year 2024. The adjusted amount is determined by adding (or subtracting, as applicable) the following for calendar year 2024 for the applicable PEO: the calendar

year-end


PEO	Year	Year End Fair Value of Equity Awards Granted in the Year ($)		Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards at FYE Granted in Prior Years ($)			Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($)		Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)			Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)		Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation in the Summary Compensation Table for the Year ($)		Adjusted Value of Equity Awards ($)

First PEO	2024		—		(846,918	)		—		(98,809	)		—		—		(945,727	)

Second PEO	2024		—		—			408,603		—			—		—		408,603

Third PEO	2024		—		—			—		—			—		—		—

(d)

The amounts included in this column are the amounts reported in the “Change in Pension and Nonqualified Deferred Compensation” column of the

Summary Compensation Table

in this Proxy Statement on page 72.

(e)


PEO	Year	Service Cost ($)	Prior Service Cost ($)	Total Pension Benefit Adjustments ($)

First PEO	2024	330,770	—		330,770

Second PEO	2024	—	—		—

Third PEO	2024	—	—		—

Non-PEO NEO Average Total Compensation Amount

$ 1,638,322

$ 1,390,524

$ 1,408,227

$ 915,927

$ 1,631,356

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,288,956

682,571

1,674,298

305,615

2,457,104

Adjustment to Non-PEO NEO Compensation Footnote

(5)

This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding the PEOs) in the “Total” column of the

Summary Compensation Table

in each applicable year. Please refer to the

Summary Compensation Table

(6)

This column represents the average amount of “compensation actually paid” to the NEOs as a group (excluding the PEOs), as computed in accordance with Item 402(v) of Regulation

S-K.

S-K,


Year	Average Reported Summary Compensation Table Total for Non-PEO NEOs (a) ($)		Average Reported Summary Compensation Table Value of Non-PEO NEO Equity Awards (b) ($)			Average Non- PEO NEO Adjusted Value of Equity Awards (c) ($)		Average Reported Summary Compensation Table Change in Value of Pension Benefits for Non- PEO NEOs ($)			Pension Benefits Adjustments for Non-PEO NEOs ($)		Average Compensation Actually Paid to Non-PEO NEOs ($)

2024		1,638,322		(552,609	)		348,288		(203,806	)		58,761		1,288,956

(a)

This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding the PEOs) in the “Total” column of the

Summary Compensation Table

for calendar year 2024. Please refer to the

Summary Compensation Table

in this Proxy Statement on page 72.

(b)

This column represents the average of the total amounts reported for the NEOs as a group (excluding the PEOs) in the “Stock Awards” column in the

Summary Compensation Table

in calendar year 2024. Please refer to the

Summary Compensation Table

in this Proxy Statement on page 72. The amount in this column is replaced with the corresponding amount reported under the Average

non-PEO

NEO Adjusted Value of Equity Awards column in order to arrive at compensation actually paid for 2024.

(c)

This column represents an adjustment to the average of the amounts reported for the NEOs as a group (excluding the PEOs) in the “Stock Awards” column in the

Summary Compensation Table

for calendar year 2024 determined using the same methodology described above in Note 4(c). For calendar year 2024, the adjusted amount replaces the “Stock Awards” column in the

Summary Compensation Table

for each NEO (excluding the PEOs) for that year. The amounts added or subtracted to determine the adjusted average amount for calendar year 2024 are as follows:


Year	Average Year End Fair Value of Equity Awards Granted in the Year to Non-PEO NEOs ($)		Average Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards at FYE Granted in Prior Years ($)			Average Fair Value as of Vesting Date of Equity Awards Granted in the Year and Vested in the Year ($)		Average Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)			Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)		Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation in the Summary Compensation Table for the Year ($)		Adjusted Average Value of Equity Award ($)

2024		521,981		(155,776	)		—		(17,917	)		—		—		348,288

The fair value or change in fair value, as applicable, of equity awards was determined by reference to (1) for RSU awards, the closing price of our common stock on the applicable measurement date, and (2) for PSU awards, a Monte Carlos simulation with reference to the risk-free rate, dividend yield and volatility assumptions as of the applicable measurement date.

(d)

The amounts included in this column represent the average of the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the

Summary Compensation Table

in this Proxy Statement on page 72.

(e)


Year	Service Cost ($)		Prior Service Cost ($)	Total Pension Benefit Adjustments ($)

2024		58,761	—		58,761

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Cumulative Company TSR

The compensation actually paid to our First PEO, as computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was $(32,491), $2,922,539, $6,145,949, $3,177,762, and $7,046,358 for 2024, 2023, 2022, 2021 and 2020, respectively. The compensation actually paid to our Second PEO, as computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was $1,015,338 for 2024. The compensation actually paid to our Third PEO, as computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was 226,420 for 2024. The average amount of compensation actually paid to the other NEOs as a group (excluding the PEOs), as computed in accordance with Item 402(v) of Regulation

S-K,

was $

1,288,956

, $

682,571

, $

1,674,298

, $

305,615

, and $

2,457,104

for 2024, 2023, 2022, 2021 and 2020, respectively. The TSR of the Company, assuming an initial fixed $100 investment and computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was $

148.71

, $

144.62

, $

166.27

, $

155.48

, and $

191.63

for 2020-2024, 2020-2023, 2020-2022, 2020-2021 and 2020, respectively. Please see Note 5 above for additional information related to the computation of Company TSR. Assuming an initial fixed $100 investment and computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

the Company’s cumulative TSR over the period covered in the Pay versus Performance table increased to $148.71. In contrast, the compensation actually paid to our First PEO declined from $7,046,358 to $(32,491) and the average amount of compensation actually paid to the NEOs as a group (excluding the PEOs) declined from $2,457,104 to $1,288,956 over the same period. Even if the compensation actually paid for all PEOs in 2024 is combined, such aggregate compensation actually paid declined over the period covered by the Pay versus Performance table, and is in directional contrast to cumulative Company TSR over the same period, computed in accordance with the requirements of Item 402(v) of Regulation

S-K.

Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Company Net (Loss) Income

The compensation actually paid to our First PEO, as computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was $1,015,338 for 2024. The compensation actually paid to our Third PEO, as computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was 226,420 for 2024. The average amount of compensation actually paid to the other NEOs as a group (excluding the PEOs), as computed in accordance with Item 402(v) of Regulation

S-K,

was $1,288,956, $682,571, $1,674,298, $305,615, and $2,457,104 for 2024, 2023, 2022, 2021 and 2020, respectively. The Company’s net (loss) income, as computed in accordance with Item 402(v) of Regulation

S-K

and reflected in the Company’s audited financial statements for the applicable year, was $35.8 million, ($84.2) million, ($37.3) million, $35.1 million, and ($9.5) million for 2024, 2023, 2022, 2021 and 2020, respectively. The Company’s net (loss) income over the period covered in the Pay versus Performance table increased from ($9.5) million to $35.8 million. In contrast, the compensation actually paid to our First PEO declined from $7,046,358 to $(32,491) and the average amount of compensation actually paid to the NEOs as a group (excluding the PEOs) declined from $2,457,104 to $1,288,956 over the same period. Even if the compensation actually paid for all PEOs in 2024 is combined, such aggregate compensation actually paid declined over the

period

covered by the Pay versus Performance table, and is in directional contrast to the Company’s net (loss) income over the same period.

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and Annual TSR

The compensation actually paid to our First PEO, as computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was $1,015,338 for 2024. The compensation actually paid to our Third PEO, as computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was 226,420 for 2024. The average amount of compensation actually paid to the other NEOs as a group

(excluding the PEOs), as computed in accordance with Item 402(v) of Regulation

S-K,

was $1,288,956, $682,571, $1,674,298, $305,615, and $2,457,104 for 2024, 2023, 2022, 2021 and 2020, respectively. The Company’s Annual TSR, computed as described in Note 10 above, was 2.8%, (13.0)%, 6.9%, (18.9)%, and 91.63, for 2024, 2023, 2022, 2021 and 2020, respectively. The Company’s Annual TSR over the period covered in the Pay versus Performance table decreased from 91.6% to 2.8%. In directional alignment with such Annual TSR, the compensation actually paid to our First PEO declined from $7,046,358 to $(32,491) and the average amount of compensation actually paid to the NEOs as a group (excluding the PEOs) declined from $2,457,104 to $1,288,956 over the same period. Even if the compensation actually paid for all PEOs in 2024 is combined, such aggregate compensation actually paid declined over the period covered by the Pay versus Performance table, and is in directional alignment with the Company’s Annual TSR over the same period. We believe this indicates alignment between compensation actually paid and Company share price performance.

Total Shareholder Return Vs Peer Group

Cumulative TSR of the Company and Cumulative TSR of the Peer Group

The TSR of the Company, assuming an initial fixed $100 investment and computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was $148.71, $144.62, $166.27, $155.48, and $191.63 for 2020-2024, 2020-2023, 2020-2022, 2020-2021 and 2020, respectively. The TSR of the Company’s peer group selected for this fiscal year (the Philadelphia Gold and Silver Index), assuming an initial fixed $100 investment and computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

was $139.24, $125.65, $118.52, $127.24, and $136.04 for 2020-2024, 2020-2023, 2020-2022, 2020-2021 and 2020, respectively.

Please see Note 7 and Note 8, above, for additional information related to the computation of Company TSR and peer group TSR, respectively. Assuming an initial fixed $100 investment and computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

the Company’s cumulative TSR over the period covered in the Pay versus Performance table increased to $148.71. In directional alignment with such Company TSR, assuming an initial fixed $100 investment and computed in accordance with the requirements of Item 402(v) of Regulation

S-K,

the peer group’s cumulative TSR over such period increased to $139.24. Over such period, the Company’s cumulative TSR increased by approximately 49% and the peer group’s TSR increased by approximately 39%. Consequently, the increase in the Company’s TSR was greater than the increase in the peer group’s TSR over the period covered in the Pay versus Performance table.

Tabular List, Table

Financial Performance Measures

As described in greater detail in the CD&A section of this Proxy Statement, the Company’s executive compensation program reflects a

pay-for-performance

philosophy. The metrics that the Company uses for both our short- and long-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs (each as defined and adjusted as described in the CD&A of this Proxy Statement), for the most recently completed calendar year, to the Company’s performance are as follows:

•

Annual Total Shareholder Return;

•

AISC/AgEq ounce;

•

Mine Site Operating Cash Flow;

•

Capital Spending; and

•

Silver Equivalent Ounce Production.

Total Shareholder Return Amount

$ 148.71