New Pacific Metals Corp. is advancing two significant silver projects in Bolivia that have the potential to substantially impact the global silver market. The company's Silver Sand and Carangas projects represent some of the world's best undeveloped open-pit silver assets, with combined annual production capacity approaching 19 million ounces of silver. This development comes at a crucial time when the silver industry faces persistent supply deficits, making these Bolivian projects strategically important for global silver availability.
The Silver Sand project, detailed in a June 2024 preliminary feasibility study, is projected to produce 12 million ounces of silver annually over a 13-year mine life. This substantial production capacity positions Silver Sand as a major future silver producer. Similarly, the Carangas project, as outlined in a September 2024 preliminary economic assessment, targets annual production of 6.6 million ounces of silver from its upper silver-lead-zinc zone over a 16-year operational period. Both projects are progressing through permitting stages in Bolivia, a country recognized for its extensive mineral resources and mining potential.
The timing of these developments is particularly significant given the structural supply challenges in the global silver market. Silver demand continues to outpace supply across multiple sectors, including industrial applications, jewelry, and investment products. New Pacific Metals Corp.'s projects offer a sustainable solution to this supply gap, with the potential to establish the company among the world's leading primary silver producers. The company's focus on advancing these assets through the regulatory process in Bolivia demonstrates the strategic importance of these projects for both the company and the broader silver market. For additional information about these developments, visit https://ibn.fm/5XArY.
As both projects move closer to production, they represent not only significant corporate milestones for New Pacific Metals Corp. but also important contributions to global silver supply stability. The combination of substantial resource bases, favorable economics, and strategic timing positions these Bolivian projects to play a crucial role in meeting growing silver demand across various industrial and investment sectors worldwide.
