Bolivia has long been a mining powerhouse, home to Cerro Rico, once the world’s most productive silver mine, and holding vast lithium reserves. Yet political uncertainty, slow permitting, and inconsistent regulation have hindered foreign investment. A recent political reset in the country may now be changing that, opening opportunities for mining companies like New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG).
New Pacific Metals is an exploration and development company advancing two primary assets in Bolivia: the Silver Sand and Carangas projects. According to a recent article highlighting the company’s positioning, “Bolivia has been synonymous with mining for centuries,” but “a decade of political uncertainty, slow permitting processes, and inconsistent regulation has limited foreign capital inflows and constrained development of new large-scale projects.” The article notes that this may now be changing, which “spells good news for companies such as New Pacific Metals.”
The company controls two of the world’s most significant undeveloped open-pittable silver projects. Technical reports published last year by Silvercorp Metals, one of New Pacific’s largest shareholders, showcased solid project economics under conventional mining assumptions. Silver Sand has the potential to produce around 12 million ounces of silver annually, while Carangas could add approximately 6.5 million ounces. Combined, they represent more annual silver output than many established global producers.
New Pacific is a Canadian company with three precious metal projects in Bolivia. Its flagship Silver Sand project could become one of the world’s largest silver mines. The company is also advancing the high-margin silver-lead-zinc Carangas project and completed a discovery drill program at Silverstrike in 2022.
For more details, the full article is available at https://nnw.fm/UQusK. Investors can find the latest news and updates on New Pacific Metals at https://nnw.fm/NEWP.
