New Pacific Metals Corp. Bolsters Global Silver Supply with Bolivian Projects
TL;DR
New Pacific Metals Corp. is poised to become a top primary silver producer with its Silver Sand and Carangas projects, offering a strategic advantage in the global silver market.
New Pacific's Silver Sand and Carangas projects are advancing through permitting, with studies showing potential for 19 million ounces of silver annually from open-pit mines.
By developing large-scale silver projects in Bolivia, New Pacific Metals Corp. contributes to meeting global silver demand, supporting technological and renewable energy advancements.
Discover how New Pacific Metals Corp. is transforming Bolivia's rich geology into a global silver powerhouse with projects set to produce millions of ounces annually.
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New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) is positioning itself as a key player in the global silver market through the development of its Silver Sand and Carangas projects in Bolivia. These projects stand out as some of the most promising undeveloped open-pit silver assets worldwide, with the combined potential to produce close to 19 million ounces of silver annually. The significance of these developments cannot be overstated, especially in light of the current supply gap in the global silver market.
The Silver Sand project, as detailed in a June 2024 preliminary feasibility study, is projected to yield 12 million ounces of silver per year over a 13-year mine life. Meanwhile, the Carangas project, according to a September 2024 preliminary economic assessment, aims to produce 6.6 million ounces of silver annually from its upper silver-lead-zinc zone over 16 years. These figures highlight the substantial contribution New Pacific Metals Corp. is expected to make to the silver supply chain.
Bolivia, with its rich geological resources, provides an ideal setting for these projects. The company's progress in advancing these assets through the permitting phase in Bolivia underscores the potential of these projects to not only meet but also sustain the growing demand for silver globally. For more insights into how New Pacific Metals Corp.'s projects are shaping the future of the silver market, visit https://ibn.fm/5XArY.
With both the Silver Sand and Carangas projects on track for production, New Pacific Metals Corp. is on the verge of becoming one of the world's leading primary silver producers. This development is timely, offering a sustainable solution to the pressing demand for silver across various industries. The company's strategic focus on these high-potential projects in Bolivia marks a significant step forward in addressing the global silver supply gap, reinforcing the importance of these assets in the broader context of the silver market.
Curated from InvestorBrandNetwork (IBN)
