New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) is advancing two of the world’s largest undeveloped open-pittable silver deposits, Silver Sand and Carangas, both located in Bolivia. The company is benefiting from a favorable market environment as precious metals prices have strengthened in recent months, enhancing project economics across the mining sector.
According to the company, the Carangas Project hosts a large near-surface silver zone with a thick underlying gold zone, providing scalability and multi-metal optionality. A Preliminary Economic Assessment (PEA) for Carangas outlines a 16-year starter pit focused on the shallow silver zone with a low strip ratio, and significant unmodeled upsides exist. Multiple regional targets near Carangas share similar geological characteristics, expanding long-term discovery potential.
Rising precious metal prices are providing a more supportive backdrop for exploration and development companies. As of November 3rd, 2025, gold was trading around $4,001 per ounce, while silver reached $48.5 per ounce, supported by industrial demand and tightening mine supply (https://ibn.fm/8JayW). Higher metal prices directly improve project valuations, particularly for pre-production companies with defined mineral resources. For precious metals developers such as New Pacific Metals, this market environment enhances the economic appeal of large-scale assets.
New Pacific Metals is focused on advancing its projects through feasibility studies and permitting, aiming to become a significant silver producer. The company’s assets in Bolivia are strategically positioned to capitalize on growing demand for silver in industrial applications, including solar panels and electronics, as well as investment demand.
The latest news and updates relating to NEWP are available in the company’s newsroom at https://ibn.fm/NEWP.
