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FAQ: New Pacific Metals Corp.'s Position in the Silver Market and Development Projects
TL;DR
New Pacific Metals Corp. offers investors a competitive edge with two of the world's largest undeveloped silver deposits, poised to capitalize on a structurally tight market and rising prices.
New Pacific Metals Corp. is advancing technical studies for its Silver Sand and Carangas projects, which could produce nearly 19 million ounces of silver annually from open-pit deposits.
New Pacific's development of large silver deposits in Bolivia could support global clean energy and technology needs, potentially improving local investment climates and economic opportunities.
Silver demand has exceeded supply for five years, driven by solar panels and electronics, yet most silver is only mined as a by-product of other metals.
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New Pacific Metals Corp. (NYSE American: NEWP, TSX: NUAG) is a Canadian exploration and development company with three precious metal projects in Bolivia. The content discusses how the company is positioned to benefit from a tight silver market and owns two of the world's largest undeveloped open-pit silver deposits.
The company is considered to be in a prime value-creation window because it owns two of the world's largest undeveloped open-pit silver deposits (Silver Sand and Carangas) during a period of persistent silver supply deficits, rising industrial demand, and years of underinvestment in new production.
The silver market is tight due to global demand exceeding supply for five consecutive years, driven largely by solar energy, electric vehicles (EVs), and electronics. Additionally, most silver is produced only as a by-product, so higher prices alone may not quickly unlock new supply.
New Pacific owns the Silver Sand and Carangas projects in Bolivia, which are two of the world's largest undeveloped open-pit silver deposits with combined potential output of nearly 19 million ounces annually. Silver Sand has potential to be developed into one of the world's largest silver mines.
The company's projects are located in Bolivia. Recent political shifts in Bolivia may improve the investment climate for mining projects, which further supports New Pacific's position.
New Pacific is a rare developer with multiple large-scale assets (Silver Sand and Carangas), advancing technical studies, and growing leverage to rising silver prices. Most silver is produced as a by-product, but New Pacific owns primary silver deposits.
The Carangas project is a robust, high-margin silver-lead-zinc project that New Pacific is advancing alongside its flagship Silver Sand project.
In addition to Silver Sand and Carangas, New Pacific completed a discovery drill program at its Silverstrike project in 2022.
The latest news and updates relating to NEWP are available in the company's newsroom at https://ibn.fm/NEWP. The full article referenced in this content can be viewed at https://ibn.fm/hwzrn.
Rocks & Stocks is a specialized communications platform delivering deep insights into the mining industry and is part of the InvestorBrandNetwork (IBN). This content was disseminated on behalf of New Pacific Metals Corp. and includes paid advertisement through this platform.
Curated from InvestorBrandNetwork (IBN)
