New Pacific Metals Poised to Bridge Global Silver Supply Gap with Bolivian Projects

New Pacific Metals Corp, a Canadian exploration and development company, is making significant strides in Bolivia with its two flagship projects, Silver Sand and Carangas, which are among the largest undeveloped open-pit silver projects globally. The Silver Sand project is projected to produce 12 million ounces of silver annually, with a post-tax net present value of US$740 million, while the Carangas project could add 6.6 million ounces of silver annually, alongside over 1 million ounces of gold potential at depth. Backed by major players like Silvercorp Metals and Pan American Silver, New Pacific is navigating Bolivia's permitting process to tap into the country's rich geological resources. With global silver demand surging, particularly for industrial and renewable energy applications, New Pacific's projects are timely, offering a rare opportunity for pure silver leverage in a market where such resources are scarce.

The company's progress is underscored by strong financial metrics and the backing of industry leaders, positioning it as a potential top-tier silver producer. The urgency to develop these projects is heightened by the global silver supply gap, with industrial applications now accounting for 83% of annual silver demand. New Pacific's strategic positioning in Bolivia, a country ripe for mining sector revitalization, presents a unique opportunity for investors and the industry at large.