New Pacific Metals Corp.

Description

New Pacific Metals Corp is a Canadian precious-metals developer advancing two large open-pittable projects and one exploration project in Bolivia. Its flagship Silver Sand project is a high-grade, low-cost PFS-stage pure-silver project, while Carangas provides additional silver-gold-zinc-lead scale and Silverstrike adds exploration optionality.

The investment case is significant silver leverage combined with multiple development catalysts. Silver Sand's 2024 PFS outlines a 13-year mine life, approximately 12 Moz annual payable silver, US$10.69/oz AISC, US$358M initial capex and US$740M post-tax NPV5 at US$24/oz silver. Proven and probable reserves contain approximately 175 Moz silver.

Carangas adds long-life silver-gold-zinc-lead optionality through its July 2026 PEA, while 2026 priorities across the portfolio include permitting, stakeholder agreements, drilling and resource conversion.

List of projects:

Project 1: Silver Sand, Potosi — 100%-owned flagship PFS-stage silver project.

Project 2: Carangas, Oruro — 100%-owned silver-gold-zinc-lead project with a July 2026 PEA and ongoing 30,000 m drilling program.

Project 3: Silverstrike, La Paz — 98%-owned early-stage silver-gold-polymetallic exploration project with no current mineral resource.

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List of projects

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