New Pacific Metals Corp. has reported continued advancement across its Carangas silver-gold project and Silver Sand silver project in Bolivia, citing strengthened community engagement, renewed government support for foreign investment, and steady progress toward permitting and development milestones. The company's progress comes amid a more favorable operating environment in Bolivia, which has historically presented challenges for foreign mining investment.
At the Carangas project, the company advanced the conversion of exploration licenses to administrative mining contracts in 2025. This procedural step is crucial for securing long-term mining rights. The company also secured a favorable community vote to proceed with consultation activities and began negotiating a long-term framework agreement with local stakeholders. Work is being planned for a feasibility study supported by more than 30,000 metres of infill and exploration drilling scheduled for 2026.
The Silver Sand project, which the company describes as having the potential to be developed into one of the world's largest silver mines, has seen several critical developments. The company regained full site access after successfully halting illegal artisanal mining operations that had encroached on the property. It also received long-term legal protection through an amparo ruling, a type of constitutional protection in Bolivian law. Community relations, which had been strained, have been rebuilt, and the company is working toward framework agreements that would allow environmental studies to restart in 2026. The full press release detailing these updates is available at https://ibn.fm/I4KQL.
The progress at both projects is significant for the global silver market. Bolivia holds substantial mineral resources, but political and social complexities have often hindered large-scale foreign investment. New Pacific's reported successes in community engagement and legal security could signal a shifting landscape, potentially paving the way for increased development of the country's mining sector. The company's work toward feasibility studies and environmental assessments represents concrete steps toward eventual production, which would contribute new supply to a metal critical for industrial applications, electronics, and the green energy transition. The latest news and updates relating to the company are available in its newsroom at http://ibn.fm/NEWP.
