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

New Pacific Metals Corp. is advancing two flagship silver projects in Bolivia that represent significant potential for addressing global silver supply challenges. The Silver Sand and Carangas projects are positioned among the world's best undeveloped open-pit silver assets, with combined potential to produce nearly 19 million ounces of silver annually. This development comes at a crucial time when the global silver market faces substantial supply constraints that could impact various industrial and investment sectors.

The Silver Sand project, detailed in a June 2024 preliminary feasibility study, demonstrates robust economic potential with expected production of 12 million ounces of silver per year over a 13-year mine life. This substantial output would contribute meaningfully to global silver supplies while establishing New Pacific as a significant player in the primary silver production sector. The project's development timeline and production profile indicate it could become one of Bolivia's most important silver mining operations.

Complementing Silver Sand, the Carangas project 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. This dual-project approach provides New Pacific with diversified production sources and reduces operational risk while maximizing the company's impact on silver supply. Both projects are progressing through permitting stages in Bolivia, a country recognized for its substantial geological resources and mining potential.

The timing of these developments is particularly significant given the structural supply deficit in global silver markets. Industrial demand for silver continues to grow across multiple sectors including electronics, solar energy, and automotive applications, while mine supply has struggled to keep pace. New Pacific's projects offer a sustainable solution to this supply-demand imbalance, with production timelines that align with projected market needs. The company's focus on advancing both assets simultaneously demonstrates strategic planning to maximize impact on silver availability.

As New Pacific Metals Corp. moves both projects toward production, the company is positioned to join the ranks of the world's leading primary silver producers. The successful development of Silver Sand and Carangas would not only transform New Pacific's corporate profile but also contribute substantially to global silver supply stability. Additional information about these projects and their market implications is available at https://ibn.fm/5XArY. The combination of substantial resource bases, favorable economics, and strategic timing makes these developments particularly important for silver market participants and industrial consumers worldwide.