Unico welcomes former De Grey CFO

Unico Silver appoints former De Grey Mining CFO Peter Canterbury as Non-Executive Director to support the development of Cerro Leon and Joaquin silver projects in Argentina.

Unico Silver (ASX:USL) has appointed former De Grey Mining (ASX:DEG) Chief Financial Officer, Peter Canterbury, as a Non-Executive Director, bolstering the company's leadership as it accelerates development of its flagship Cerro Leon and Joaquin silver projects in Argentina.

Canterbury brings over 30 years of experience in the international mining sector, including a transformative four-year tenure at De Grey Mining. During his time there, he played a critical role in raising approximately A$1.2 billion in equity and securing A$1.13 billion in bank financing, significantly contributing to the development of the world-class Hemi gold discovery.

Now under the ownership of Northern Star Resources (ASX:NST), Hemi is a tier-one project with an established production target of 530,000 ounces of gold per year over a decade. Canterbury’s leadership was instrumental in advancing Hemi through both Prefeasibility and Definitive Feasibility Studies.

Unico Silver Managing Director Todd Williams welcomed the appointment, stating, “We are thrilled to have Peter join the board at such a pivotal time. His extensive experience in project development and large-scale financing will be invaluable as we implement our PLUS 1502 and BEYOND 3002 growth strategy and progress our cornerstone silver assets in Argentina toward production.”

The company is preparing updated resource estimates and a maiden Scoping Study for both Cerro Leon and Joaquin, located in the prolific Deseado Massif province of Santa Cruz — a region known globally for its high-grade silver deposits.

Canterbury expressed confidence in Unico’s trajectory: “Unico has outlined a compelling, provincial-scale silver opportunity in one of the world’s richest silver belts. With a resource base exceeding 160 million ounces of silver equivalent and strong exploration momentum through 2025, alongside favorable silver market conditions, the company is well-positioned to achieve a significant development outcome.”

As Unico continues to build momentum, Canterbury’s appointment signals a clear commitment to transitioning from explorer to developer, leveraging strong leadership and financial acumen to unlock value from Argentina’s prolific silver potential.