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 have the potential to substantially impact the global silver market. The company's Silver Sand and Carangas projects represent some of the world's best undeveloped open-pit silver assets, with combined annual production capacity approaching 19 million ounces of silver. This development comes at a crucial time when the silver industry faces persistent supply deficits, making these Bolivian projects strategically important for global silver availability.

The Silver Sand project, detailed in a June 2024 preliminary feasibility study, is projected to yield 12 million ounces of silver annually over a 13-year mine life. This substantial production capacity positions Silver Sand as a major future contributor to silver supply. Similarly, the Carangas project, as outlined in a September 2024 preliminary economic assessment, targets production of 6.6 million ounces of silver per year from its upper silver-lead-zinc zone over a 16-year operational period. Both projects are progressing through permitting stages in Bolivia, a country renowned for its rich mineral resources and geological potential.

The timing of these developments is particularly significant given the structural supply challenges facing the global silver market. Silver demand continues to outpace supply across multiple sectors, including industrial applications, jewelry, and investment products. New Pacific Metals Corp.'s advancement of these projects represents a meaningful response to this supply gap, with the potential to stabilize market conditions and support growing industrial demand. The company's focus on sustainable development practices further enhances the long-term viability of these assets.

As both projects move closer to production, New Pacific Metals Corp. is positioned to become one of the world's leading primary silver producers. The scale and quality of these assets could significantly alter the global silver production landscape, reducing reliance on existing mining operations and providing new sources of supply. For additional information about these developments and their market implications, visit https://ibn.fm/5XArY. The successful development of these projects would not only benefit the company but also contribute to addressing the fundamental supply-demand imbalance in the silver market.