New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) is making significant strides in the global silver market with its two flagship projects in Bolivia, Silver Sand and Carangas. These projects are among the world's best undeveloped open-pit silver assets, with the potential to produce nearly 19 million ounces of silver annually. The Silver Sand project, highlighted in a June 2024 preliminary feasibility study, is expected 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 the production of 6.6 million ounces of silver annually from its upper silver-lead-zinc zone over 16 years.
This development comes at a time when the global silver market faces a critical supply gap, making New Pacific's projects particularly significant. The company's focus on advancing these assets through permitting in Bolivia, a country known for its rich geological resources, underscores the potential impact of these projects on the silver supply chain. With both projects on track for production, New Pacific Metals Corp. is poised to join the ranks of the world's leading primary silver producers, offering a sustainable solution to the growing demand for silver.
For more details on New Pacific Metals Corp.'s projects and their potential impact on the silver market, visit https://ibn.fm/5XArY.
