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. The company's Silver Sand and Carangas projects have the combined potential to produce nearly 19 million ounces of silver annually, positioning the company to become a major contributor to global silver supply at a time when the market faces critical shortages.

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. This substantial production capacity makes it one of the most promising silver development projects worldwide. 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 a 16-year operational period.

These developments come at a crucial moment for the global silver market, which has been experiencing persistent supply deficits. The timing of New Pacific Metals Corp.'s project advancement through permitting in Bolivia positions the company to help alleviate these supply constraints. Bolivia's rich geological resources provide an ideal environment for developing large-scale silver mining operations, and the country's mining-friendly policies support the timely development of these critical assets.

The significance of these projects extends beyond their substantial production volumes. As the world transitions toward cleaner energy technologies and increased electrification, silver demand continues to grow across multiple sectors including solar energy, electronics, and industrial applications. New Pacific Metals Corp.'s projects offer a sustainable solution to meet this rising demand, with both assets progressing toward production readiness. For additional information about the company's strategic positioning in the silver market, visit https://ibn.fm/5XArY.

With both projects advancing through development stages, New Pacific Metals Corp. is positioned to join the ranks of the world's leading primary silver producers. The company's focus on these high-potential assets in Bolivia represents a strategic response to global silver market dynamics, where supply has struggled to keep pace with industrial and investment demand. The successful development of Silver Sand and Carangas could significantly impact silver availability and pricing dynamics in the coming years.