New Pacific Metals Corp. Poised to Address Global Silver Demand with Bolivian Projects

New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) is strategically positioned to meet the increasing global demand for silver through its two significant 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 produce a combined 19 million ounces of silver annually. This development comes at a critical time as industrial applications, including photovoltaic solar panels and electric vehicles, now account for 83% of annual silver demand, according to theWorld Silver Survey.

The Silver Sand project, with a projected annual output of 12 million ounces of silver over a 13-year mine life, boasts a post-tax net present value of US$740 million and an internal rate of return of 37%. Similarly, the Carangas project is expected to produce 6.6 million ounces of silver annually, with additional gold potential at depth. These projects not only highlight New Pacific's potential to become a leading primary silver producer but also underscore the strategic importance of Bolivia's mining sector, which is ripe for foreign investment.

Backed by significant shareholders like Silvercorp Metals and Pan American Silver, New Pacific is navigating Bolivia's permitting process to unlock the full potential of its assets. With global silver demand on the rise and few large-scale projects under development, New Pacific's initiatives represent a critical step towards addressing the supply gap in the silver market.