New Pacific Metals Corp. is progressing development of two major silver projects in Bolivia as strengthening precious metals prices create more favorable conditions for mining development. The company controls Silver Sand and Carangas, both considered among the world's largest undeveloped open-pittable silver deposits.
The Carangas Project features a substantial near-surface silver zone with a thick underlying gold zone, providing both scalability and multi-metal optionality for development. A Preliminary Economic Assessment for Carangas outlines a 16-year starter pit focused on the shallow silver zone with low strip ratio, while significant unmodeled upsides remain for further optimization.
Multiple regional targets near Carangas share similar geological characteristics, expanding the long-term discovery potential beyond the currently defined resources. This regional exploration upside represents additional value beyond the initial project scope.
Current market conditions are providing strong tailwinds for precious metals developers. Gold was trading around $4,001 per ounce while silver reached $48.5 per ounce as of November 3rd, 2025, supported by industrial demand and tightening mine supply according to market data available at https://ibn.fm/8JayW. These elevated price levels directly improve project valuations, particularly for pre-production companies with defined mineral resources like New Pacific Metals.
For development-stage mining companies, higher metal prices significantly enhance the economic appeal of large-scale assets by improving projected returns and reducing development risks. The current price environment makes previously marginal projects more economically viable and accelerates development timelines for advanced-stage projects.
The combination of world-class silver assets and favorable market conditions positions New Pacific Metals to potentially become a significant silver producer. The company maintains an investor newsroom with current updates available at https://ibn.fm/NEWP where stakeholders can track project progress and corporate developments.
This development matters because silver plays a crucial role in both industrial applications and as a monetary metal, while constrained mine supply and growing demand create structural support for higher prices. The advancement of major silver projects like Silver Sand and Carangas could help meet future industrial demand while providing investment exposure to the precious metals sector.
