New Pacific Metals Corp. Poised to Meet Rising Global Silver Demand with Bolivian Projects
TL;DR
New Pacific Metals Corp. offers investors a unique advantage with its two large-scale silver projects in Bolivia, poised to meet rising global demand and generate significant returns.
New Pacific Metals Corp. is advancing the Silver Sand and Carangas projects through Bolivia's permitting process, with feasibility studies indicating high production rates and low costs.
By developing its silver projects, New Pacific Metals Corp. contributes to the renewable energy sector and industrial applications, supporting a sustainable future.
New Pacific Metals Corp. holds two of the world's largest undeveloped silver projects, with the potential to significantly impact the global silver market.
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New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) is strategically positioned to meet the increasing global demand for silver, driven by industrial and renewable energy applications, through its two major projects in Bolivia. The company's Silver Sand and Carangas projects are among the largest undeveloped open-pit silver assets globally, with the potential to significantly impact the silver market.
The Silver Sand project, New Pacific's flagship, is projected to produce 12 million ounces of silver annually over a 13-year mine life, with early years seeing up to 15 million ounces. A preliminary feasibility study highlights a post-tax net present value of US$740 million and an internal rate of return of 37% at a conservative silver price. The Carangas project adds another 6.6 million ounces of silver annually, with additional gold potential at depth, further solidifying New Pacific's position in the silver market.
With global silver demand on the rise, particularly for industrial uses which now account for 83% of annual demand according to the World Silver Survey (https://ibn.fm/pniUI), New Pacific's projects come at a critical time. The company's ability to produce nearly 19 million ounces of silver annually positions it among the top primary silver producers once operational.
Backed by significant players in the precious metals market, including Silvercorp Metals and Pan American Silver, New Pacific is navigating Bolivia's permitting process to unlock the full potential of its projects. This development not only promises to fill a critical supply gap but also revitalizes Bolivia's mining sector with much-needed foreign investment.
The implications of New Pacific's projects extend beyond the silver market, contributing to the renewable energy sector and offering pure silver leverage in a market where such opportunities are rare. As the company advances its projects through permitting, the global silver supply chain stands to benefit from these high-quality, large-scale assets.
Curated from InvestorBrandNetwork (IBN)
