New Pacific Metals Corp. has announced the permanent appointment of Mr. Jalen Yuan as Chief Executive Officer and Mr. Chester Xie as Chief Financial Officer, effective October 23, 2025. The Canadian exploration and development company, which trades on both the NYSE American under symbol NEWP and the TSX under symbol NUAG, specializes in silver projects located in Bolivia. Mr. Yuan, who will also serve on the company's Board of Directors, has been spending significant time in Bolivia overseeing the company's initiatives. His appointment as permanent CEO follows what the company describes as a robust period of progress under his guidance. The leadership stabilization comes at a critical juncture for the company's Bolivian operations, which represent significant potential in the global silver market.
Dickson Hall, New Pacific's Board Chair, expressed confidence in the new leadership structure, stating the board's pleasure in confirming both executives in their permanent positions. The appointments reflect the company's strategic focus on maintaining consistent leadership to drive forward its exploration and development activities in Bolivia's mining sector. The company maintains its newsroom and updates for investors at https://ibn.fm/NEWP, providing ongoing information about corporate developments and project progress. This leadership consolidation underscores New Pacific Metals' commitment to advancing its Bolivian silver assets while providing stability for shareholders and stakeholders in the mining sector.
Bolivia represents a significant opportunity in the global silver mining landscape, and New Pacific's strengthened leadership team positions the company to capitalize on these opportunities. The permanent appointments provide continuity in strategic direction and operational management as the company works to develop its silver projects in the region. The decision to formalize these leadership roles indicates a transition from interim or acting positions to established governance, which typically signals to investors and industry observers that the company is entering a more mature phase of project development. For a mining exploration company operating in a jurisdiction like Bolivia, consistent leadership is particularly important for navigating regulatory environments, maintaining community relations, and executing long-term development plans.
The timing of these appointments suggests New Pacific is preparing for increased operational activity as its Bolivian projects advance. With silver demand continuing to grow in industrial applications and as a store of value, companies with promising assets in mining-friendly jurisdictions are positioning themselves for potential growth. New Pacific's focus on leadership stability may help mitigate execution risks associated with developing mining projects in foreign countries. The company's public trading on both NYSE American and TSX exchanges means these leadership decisions are scrutinized by a broad investor base seeking clarity on corporate governance and strategic direction. The permanent appointments of both CEO and CFO simultaneously create a unified management team that can work cohesively on financial planning, capital allocation, and operational execution as the company moves from exploration toward potential development phases.
