New Pacific Metals Advances Major Silver Projects as Precious Metals Prices Surge

New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) is progressing development of two major silver projects in Bolivia as strengthening precious metals prices create more favorable conditions for mining development. The company holds the Silver Sand and Carangas deposits, both considered among the world's largest undeveloped open-pittable silver resources.

The Carangas Project features a substantial near-surface silver zone with a thick underlying gold zone, providing scalability and multi-metal optionality. According to the Preliminary Economic Assessment, Carangas could support a 16-year starter pit focused on the shallow silver zone with low strip ratio, while significant unmodeled upsides and multiple regional targets with similar geological characteristics expand the long-term discovery potential.

Current market conditions are particularly supportive for pre-production companies with defined mineral resources. Gold was trading around $4,001 per ounce while silver reached $48.5 per ounce as of November 3rd, 2025, according to market data available at https://ibn.fm/8JayW. These price levels, supported by industrial demand and tightening mine supply, directly improve project valuations and enhance the economic appeal of large-scale assets for precious metals developers.

For investors and industry observers, the combination of rising metal prices and advanced project development creates significant implications. Higher precious metals prices improve the fundamental economics of mining projects, potentially accelerating development timelines and increasing the likelihood of successful project financing. The multi-metal nature of the Carangas deposit, with both silver and gold components, provides additional resilience against commodity price fluctuations.

The advancement of these major silver projects comes at a time when global silver supply faces constraints while industrial demand continues to grow, particularly in renewable energy and electronics sectors. The company's progress can be tracked through its official communications available at https://ibn.fm/NEWP. The development of large-scale silver deposits like Silver Sand and Carangas could contribute meaningfully to global silver supply in the coming years, potentially helping to balance market fundamentals amid growing industrial consumption.