Unico Silver (USL) Gains 13% as It Appoints New CFO and Corporate Development Head

Introduction

Unico Silver Limited has strengthened its leadership team as it moves its Joaquin and Cerro Leon silver-gold projects in Argentina from exploration toward development, naming two senior executives and updating its board and pay arrangements.

Highlights

• Jim Kouvoussis joins as Chief Financial Officer, bringing more than 23 years of experience.

• Will Lyon, a geologist with 15 years in the industry, becomes Head of Corporate Development.

• Director pay changes take effect on 15 November 2026 as the board plans to add independent directors.

A Seasoned Finance Chief

Mr Kouvoussis is a Chartered Accountant who has spent more than 15 of his years in resources. He has held senior finance roles at several ASX-listed companies, including Orpheus Uranium, Torque Metals, Demetallica and Minotaur Exploration, with experience in mergers and acquisitions, listings, compliance and capital markets work.

Operational Experience in Corporate Development

Mr Lyon most recently served as Geology Manager and Site Senior Executive at the Deflector gold-copper mine for Vault Minerals. He previously led mine geology at Northern Star’s Jundee operation and has consulting experience on silver, including a production geology study at Hecla’s Keno Hill operation in Canada. He is a member of both the Australasian Institute of Mining and Metallurgy and the Australian Institute of Company Directors.

Board Renewal and Pay

Following the resignation of non-executive director Melanie Leydin on 12 August 2026, the board has started searching for additional independent directors. Revised pay applies from 15 November 2026. The Non-Executive Chair moves to AU$150,000 excluding superannuation from AU$120,000 including it, while the Managing Director’s salary rises to AU$400,000 from AU$350,000. Non-executive fees remain within the AU$400,000 pool already approved by shareholders.

Why It Matters

The company says the changes reflect its progression from exploration to development and the greater time commitment now required of directors. Executive directors’ incentive arrangements are unchanged.

Outro

Building a deeper management bench is a typical step for explorers preparing to develop projects, and investors appear to have welcomed it. This article is general information only, not financial advice.

Market snapshot: Unico Silver Limited (ASX: USL) is currently trading at AU$0.610, up AU$0.069 or 12.962% on the day.

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