New Pacific Metals Corp. has announced the permanent appointment of Mr. Jalen Yuan as Chief Executive Officer and Mr. Chester Xie as Chief Financial Officer, effective October 23, 2025. The Canadian exploration and development company, which trades on both the NYSE American under symbol NEWP and the TSX under symbol NUAG, specializes in silver projects located in Bolivia. Mr. Yuan, who will also serve on the company's Board of Directors, has been spending significant time in Bolivia overseeing the company's initiatives. His appointment as permanent CEO follows what the company describes as a robust period of progress under his guidance. The leadership stabilization comes at a critical juncture for the company's Bolivian operations, which represent significant potential in the global silver market.
Dickson Hall, New Pacific's Board Chair, expressed confidence in the new leadership structure, stating the board's pleasure in confirming both executives in their permanent positions. The appointments reflect the company's strategic focus on maintaining consistent leadership to drive forward its exploration and development activities in Bolivia's mining sector. The company maintains its newsroom and updates for investors at https://ibn.fm/NEWP, providing ongoing information about corporate developments and project progress. This leadership consolidation underscores New Pacific Metals' commitment to advancing its Bolivian silver assets while providing stability for shareholders and stakeholders in the mining sector.
Bolivia represents a significant opportunity in the global silver mining landscape, and New Pacific's strengthened leadership team positions the company to capitalize on these opportunities. The permanent appointments provide continuity in strategic direction and operational management as the company works to develop its silver projects in the region. The timing of these appointments is particularly important as global demand for silver continues to grow across industrial, technological, and investment sectors. With Yuan's hands-on experience in Bolivia and Xie's financial expertise, the company appears well-positioned to navigate the complexities of international mining operations and project development.
The leadership changes signal a maturation phase for New Pacific Metals as it transitions from exploration to potential development stages in Bolivia. Consistent leadership is crucial for maintaining investor confidence and operational efficiency in the capital-intensive mining industry. The company's focus on Bolivia aligns with broader industry trends of seeking new silver resources in geopolitically stable regions with established mining frameworks. These permanent appointments eliminate transitional uncertainties that can sometimes accompany interim leadership arrangements, allowing the company to pursue long-term strategic objectives with greater clarity and stability.
