New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) is making significant strides in the global silver market with its two flagship projects in Bolivia, Silver Sand and Carangas. These projects are set to address a critical supply gap in the silver market, leveraging Bolivia’s rich geological resources. The Silver Sand project, with a preliminary feasibility study published in June 2024, is expected to produce 12 million ounces of silver annually over a 13-year mine life. Similarly, the Carangas project’s preliminary economic assessment, released in September 2024, outlines a low-cost open-pit mine targeting the upper silver-lead-zinc zone to produce 6.6 million ounces of silver annually over 16 years.

Together, these projects could enable New Pacific to produce nearly 19 million ounces of silver per year, placing it among the top primary silver producers globally once operational. This development is crucial as the demand for silver continues to grow, driven by its use in various industries, including renewable energy technologies and electronics. New Pacific’s strategic focus on advancing these projects through the permitting process in Bolivia underscores its potential to significantly contribute to the global silver supply, offering a promising outlook for investors and the market at large.

For more detailed information on New Pacific Metals Corp.’s projects and their impact on the silver market, visit https://ibn.fm/5XArY.

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