Curated News
By: NewsRamp Editorial Staff
August 17, 2026
New Pacific Metals Files PEA for Carangas Project, Boosting Bolivia Portfolio
TLDR
- New Pacific Metals filed Carangas PEA, confirming no material differences, positioning investors to capitalize on robust project economics.
- Ausenco Engineering prepared the Carangas PEA per NI 43-101, effective July 16, 2026, with results matching July 17 release.
- New Pacific's Carangas project in Bolivia advances responsible mining, potentially boosting local economy and global silver supply.
- Carangas project in Bolivia combines silver and gold, with potential to become one of world's largest silver mines.
Impact - Why it Matters
This news matters because it provides a crucial update on the economic viability of New Pacific Metals' Carangas project, which is part of the company's strategy to become a major silver and gold producer in Bolivia. The filing of the PEA is a key milestone that offers investors and stakeholders a detailed assessment of the project's potential, including its scale, economics, and exploration upside. As the global demand for precious metals continues to rise, particularly for silver used in green technologies, the successful development of Carangas could contribute to the supply chain and create significant value for shareholders. Furthermore, it reinforces New Pacific's position in Bolivia, a country with rich mineral resources, and demonstrates the company's ability to navigate regulatory and operational challenges. For investors, this report provides a foundation for informed decision-making, while for the industry, it highlights the growing attractiveness of Bolivian mining assets.
Summary
New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has taken a significant step forward in advancing its Carangas silver-gold project in Bolivia by filing an independent preliminary economic assessment (PEA) technical report. The report, prepared by Ausenco Engineering Canada ULC in accordance with National Instrument 43-101, is effective July 16, 2026, and was filed following the results announced on July 17, 2026. The company confirmed that there are no material differences between the information in the report and its earlier release, ensuring consistency for investors and stakeholders.
The Carangas project, located in the Oruro Department, is one of two permitting-stage precious metals projects in Bolivia that New Pacific is developing. The other is the Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines. Carangas strengthens the company's portfolio through its scale, robust economics, and regional exploration potential. With nearly a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders, positioning itself as a key player in the region's mining sector.
The full press release is available at https://ibn.fm/sWIRP. For the latest news and updates on NEWP, visit the company's newsroom at http://ibn.fm/NEWP. This development underscores New Pacific's commitment to advancing its projects and delivering value to its investors, as it continues to progress through the permitting and development stages.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, New Pacific Metals Files PEA for Carangas Project, Boosting Bolivia Portfolio
