Unico Silver (USL) Q4 2026 TU earnings summary

Executive summary

• Achieved continued high-grade gold-silver drill results at Joaquin, extending mineralisation beyond the March 2026 Mineral Resource estimate.

• Completed the current exploration drill program and shifted focus to Pre-Feasibility Study (PFS) workstreams, with a maiden PFS targeted for late Q3 2026.

• Upgraded US quotation to the OTCQX Best Market and secured a major land position via the La Mata estancia acquisition, de-risking the Joaquin project.

Financial highlights

• Ended the quarter with A$55 million in cash and cash equivalents.

• Spent $8.47M on exploration and evaluation, $113k on staff, and $672k on admin and corporate costs during the quarter.

• Net cash outflow from operating activities was $349k; net cash outflow from investing activities was $8.4M.

• Raised $1.09M from the exercise of options and performance rights.

Outlook and guidance

• Focused on advancing PFS workstreams, including geotechnical, environmental, and hydrological studies.

• Maiden PFS for Joaquin scheduled for late Q3 2026.

• Exploration drilling to resume in Q3 2026, targeting resource extensions at La Negra SE and La Morocha SE.