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Unico Silver (ASX:USL), an Argentine silver explorer, has grown its resource significantly. In March 2026, ALC Capital noted that despite a 143% resource increase at Joaquin that exceeded market expectations, the shares did not respond positively in March. Lowell described Unico, formerly E2 Metals, as a $600 million explorer with several projects. Unico Silver operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 2 comments from 2 fund managers, ALC Capital and Lowell. Established in 2005 and headquartered in Melbourne, Unico Silver explores for silver and gold in Argentina's Santa Cruz province, with its flagship Joaquin silver project, and is drilling to expand resources across multiple projects.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Lowell Resources Funds Management have invested in Unico Silver Ltd (ASX:USL).
ALC highlights a 143% resource increase at Joaquin that exceeded expectations, and Lowell notes Unico's multiple silver projects in Argentina.
ALC notes the shares did not respond to the resource upgrade, and operating in Argentina carries sovereign and currency risk.
Unico Silver Ltd. is an Australian-based mineral exploration and development company established on October 26, 2005. Headquartered in Melbourne, the firm focuses on precious metal projects, primarily the Santa Cruz and Cerro Leon properties. Unico Silver operates across two key geographical segments: Argentina and Australia. Its core business activities involve the identification and advancement of mineral resources within its project portfolio.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.