New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) distinguishes itself in the mining industry through ownership of two of the largest undeveloped open-pit silver projects globally. These projects, situated in Bolivia, offer significant resource potential and promise long-term production growth, supported by strong economic fundamentals that include high internal rates of return and low all-in sustaining costs per ounce of silver.
The company benefits from operating in Bolivia, a region with underexplored mineral potential, allowing access to a historically rich mining area. Strategic shareholders provide substantial backing, with Silvercorp Metals holding a 28% stake and Pan American Silver holding a 12% stake. Leadership consists of an experienced team with a proven record in mineral exploration and development.
Rising global demand for silver, particularly for industrial and renewable energy applications, positions New Pacific Metals to benefit from market expansion and increasing silver prices. The company's flagship asset, the Silver Sand project, possesses the potential to become one of the largest silver mines worldwide, as indicated by robust economic assessments. Simultaneously, the Carangas project, a silver-lead-zinc deposit, continues to advance, further strengthening the company's market position.
New Pacific Metals focuses on creating long-term shareholder value by advancing and de-risking its high-quality silver assets while contributing to regional economic growth in its areas of operation. Additional details are available at https://ibn.fm/NEWP.
