New Pacific Metals Corp. Poised to Address Global Silver Supply Gap with Bolivian Projects

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 significantly impact the silver supply chain. The Silver Sand project, as detailed in a preliminary feasibility study released in June 2024, is expected to produce 12 million ounces of silver annually over a 13-year mine life. Similarly, the Carangas project's preliminary economic assessment, published in September 2024, outlines a low-cost operation targeting the upper silver-lead-zinc zone to yield 6.6 million ounces of silver annually for 16 years.

Together, these projects could enable New Pacific to produce nearly 19 million ounces of silver each year, placing it among the top primary silver producers globally once operational. This development comes at a critical time when the global silver market faces a growing supply gap, driven by increasing demand for silver in various industries, including renewable energy and electronics. New Pacific's strategic focus on advancing these assets through permitting in Bolivia, a country known for its rich geological resources, underscores the company's potential to play a pivotal role in addressing this supply shortage.

The implications of New Pacific's progress extend beyond the company itself, offering potential benefits to the global silver market and industries reliant on this precious metal. For investors and stakeholders, the advancement of the Silver Sand and Carangas projects represents a significant opportunity to be part of a venture that could reshape the silver supply landscape. For more information on New Pacific Metals Corp. and its projects, visit https://ibn.fm/5XArY.