New Pacific Metals Corp. is establishing itself as a key international operator in Bolivia's silver belt with two major undeveloped silver deposits discovered within the last five years. The company's flagship Silver Sand and Carangas projects represent significant discoveries that stand out for both their scale and grade, potentially positioning New Pacific among the top global primary silver producers. The combined potential output of Silver Sand and Carangas could reach nearly 19 million ounces of silver annually when production begins, according to company projections. This production level would place New Pacific in an elite category of primary silver producers worldwide.
Bolivia's silver belt represents an underexplored region with substantial mineral potential, and New Pacific's advanced projects make it one of the few international companies with significant operations in the country. The Silver Sand project specifically has the potential to be developed into one of the world's largest silver mines, while the Carangas project is described as a robust, high-margin silver-lead-zinc operation. The company maintains its corporate communications and news updates through its dedicated newsroom, providing investors with current information about project developments.
The strategic importance of New Pacific's position in Bolivia extends beyond mere production numbers. As one of the few international companies with advanced projects in the country, New Pacific has established a significant foothold in a region that remains largely untapped by major mining companies. This positioning could provide the company with first-mover advantages as Bolivia continues to develop its mining sector and attract foreign investment. The company's presence in Bolivia comes at a time when global silver demand continues to grow, particularly for industrial applications in renewable energy technologies and electronics manufacturing.
In addition to these two flagship projects, New Pacific completed a discovery drill program at its Silverstrike property in 2022, indicating ongoing exploration activity across its portfolio. The scale of New Pacific's Bolivian assets suggests that the company could play a substantial role in meeting future global silver demand, particularly as existing mines face depletion and new discoveries become increasingly rare. Industry observers can access detailed information about New Pacific's projects and corporate developments through the company's comprehensive financial reporting and communications channels.
