New Pacific Metals Corp. Advances Major Silver Projects in Bolivia to Address Global Supply Gap

New Pacific Metals Corp. is advancing two significant silver projects in Bolivia that represent some of the world's best undeveloped open-pit silver assets, with combined potential to produce nearly 19 million ounces of silver annually. The Silver Sand project, detailed in a June 2024 preliminary feasibility study, is projected to yield 12 million ounces of silver per year over a 13-year mine life. Similarly, the Carangas project, as outlined in a September 2024 preliminary economic assessment, targets production of 6.6 million ounces of silver annually from its upper silver-lead-zinc zone over 16 years.

These developments come at a crucial time for the global silver market, which is experiencing a substantial supply gap that threatens to constrain industrial and investment demand. The timing of these projects positions New Pacific Metals Corp. to potentially become one of the world's leading primary silver producers, offering a sustainable solution to the growing global demand for silver across various sectors including electronics, solar energy, and jewelry manufacturing.

The company's focus on advancing both projects through the permitting process in Bolivia highlights the strategic importance of these assets. Bolivia's rich geological resources have long been recognized in the mining industry, and the successful development of Silver Sand and Carangas could significantly impact the country's mining sector and economic development. The projects represent substantial investments in Bolivia's mining infrastructure and could establish the country as a major player in the global silver supply chain.

With both projects progressing toward production, New Pacific Metals Corp. is positioned to make a meaningful contribution to global silver supply at a time when many existing mines are facing declining production rates and few new major discoveries are being developed. The company's comprehensive approach to project development, including detailed feasibility studies and economic assessments, demonstrates the technical and economic viability of these assets. Additional information about the company's progress and project details can be found at https://ibn.fm/5XArY.

The successful development of these projects would not only benefit New Pacific Metals Corp. but also contribute to stabilizing the global silver market by addressing the persistent supply-demand imbalance. As the world continues to transition toward cleaner energy technologies and digital infrastructure expands, the demand for silver in photovoltaic cells, electric vehicles, and electronic devices continues to grow, making reliable silver supply increasingly critical for global economic development and technological advancement.