New Pacific Metals Advances Major Silver Projects Amid Favorable Market Conditions

New Pacific Metals Corp. is advancing 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.

According to the Preliminary Economic Assessment, Carangas could support a 16-year starter pit focused on the shallow silver zone with low strip ratio, while offering significant unmodeled upside potential. Multiple regional targets near Carangas share similar geological characteristics, expanding the long-term discovery potential beyond the initial resource. Current market conditions are particularly supportive for precious metals developers with gold trading around $4,001 per ounce and silver reaching $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, especially for pre-production companies with defined mineral resources like New Pacific Metals. For companies in the development phase, higher metal prices enhance the economic appeal of large-scale assets and improve financing prospects. The current environment represents a significant opportunity for companies positioned to advance projects toward production. Additional information and updates regarding New Pacific Metals are accessible through the company's newsroom at https://ibn.fm/NEWP.

The combination of substantial mineral resources and favorable market conditions positions New Pacific Metals to potentially accelerate development timelines for both the Silver Sand and Carangas projects. The company's focus on these world-class silver deposits comes at a time when industrial demand and supply constraints are supporting higher precious metals prices, creating improved economics for development-stage mining projects. The strategic timing of this development push could maximize shareholder value as the projects progress toward production in a strengthening precious metals market.