Curated News
By: NewsRamp Editorial Staff
February 23, 2026
New Pacific Metals Signs Key Community Pact for Bolivian Silver-Gold Project
TLDR
- New Pacific Metals gains strategic advantage by securing community support for its Carangas silver-gold project, paving the way for faster permitting and resource expansion.
- The framework agreement establishes a structured process for community consultation, environmental compliance, and phased development leading to feasibility studies and extensive drilling campaigns.
- This collaboration ensures responsible development with community investment and transparency, fostering sustainable economic benefits and environmental protection in Bolivia.
- New Pacific Metals plans a massive 30,000-meter drilling campaign in 2026 to explore new mineralized zones at its Bolivian silver-gold project.
Impact - Why it Matters
This news matters because it represents a critical evolution in how mining companies operate, particularly in regions with significant indigenous communities. The framework agreement between New Pacific Metals and the Carangas community sets a precedent for responsible resource development that balances economic potential with social and environmental stewardship. For the mining industry, successful community agreements like this can de-risk projects, reduce potential for conflicts and delays, and create more sustainable operations. For Bolivia, this represents foreign investment in its mineral resources while ensuring local communities benefit. For investors, it demonstrates New Pacific's operational maturity and ability to navigate complex social landscapes, potentially making their Bolivian projects more viable and attractive. In an era where ESG (Environmental, Social, and Governance) factors increasingly influence investment decisions and project success, this type of community-forward approach may become essential for any company seeking to develop resources in sensitive regions.
Summary
New Pacific Metals Corp., a Canadian exploration and development company trading on the TSX and NYSE American, has taken a significant step forward with its Carangas silver-gold project in Bolivia. The company announced it has signed a crucial Framework Agreement for Cooperation and Coordination with the local Carangas community in the Oruro Department. This landmark agreement establishes terms for transparency, mutual benefit, and long-term collaboration, outlining commitments to responsible development, environmental compliance, community investment, and resettlement planning. In return, the community has agreed to support consultation, permitting, and project access, paving the way for the project's advancement toward production.
With this framework now in place, New Pacific expects to complete the formal prior consultation process and seek conversion of its exploration licenses to mining permits. Upon permit approval, the company plans to commence a feasibility study and launch an ambitious 2026 drilling campaign targeting more than 30,000 metres to expand resources and explore new mineralized zones. This development strengthens the company's portfolio, which also includes the promising Silver Sand project in Potosí, described as having the potential to become one of the world's largest silver mines. The news was disseminated through the Investor Brand Network and its specialized communications platform, MiningNewsWire, which is part of a Dynamic Brand Portfolio offering extensive distribution and corporate communications solutions.
The announcement highlights New Pacific's over-a-decade of operating experience in Bolivia and its focus on earning stakeholder confidence. For investors following the company under the symbols "NUAG" and "NEWP," this agreement represents a critical de-risking milestone, addressing social license and community relations—often major hurdles in mining projects. The full details are available via the provided hyperlink to the press release on the Investor Brand Network platform. This strategic move not only advances a specific project but also demonstrates a modern approach to mineral resource development that prioritizes partnership with local communities from the outset.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, New Pacific Metals Signs Key Community Pact for Bolivian Silver-Gold Project
