New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) Opens Rare Frontier in Bolivia’s Underexplored Silver Belt
- Bolivia is the world’s fourth-largest silver producer, yet much of its mineral-rich territory remains unmapped.
- Less than 10% of Bolivia’s silver-rich mineral belt has undergone modern exploration.
- New Pacific Metals owns two of the world’s largest undeveloped silver projects: Silver Sand and Carangas.
- The company’s projects could potentially produce more silver annually than many of the current global producers.
Bolivia’s silver story is centuries old, but for much of the modern era, its richest regions have seen limited modern exploration. New Pacific Metals (NYSE American: NEWP) (TSX: NUAG), a Canadian mineral exploration and development company, is positioning itself to change that. With less than 10% of the country’s silver-rich mineral belt explored using current high-tech techniques, significant opportunities remain for new discoveries. New Pacific is advancing what could become one of the largest new silver districts in the world.
According to the US Geological Survey, Bolivia ranked fourth in global silver production in 2024, accounting for 5% of world output (https://pubs.usgs.gov/periodicals/mcs2025/mcs2025-silver.pdf ). Despite that ranking, more than 60% of the national territory remains unmapped or unexplored, leaving significant untapped potential. This is especially notable in the Andes and highlands, where geological conditions point to large deposits of base and precious metals (nnw.fm/8W5sf ).
New Pacific’s flagship Silver Sand and Carangas projects are discoveries made within the last five years and represent two of the world’s largest undeveloped silver deposits. Economic studies completed in 2024 indicate that, combined, Silver Sand and Carangas have the potential to produce around 18.5 million ounces of silver per year—more than many established producers generate.
The scale of the opportunity is underscored by Bolivia’s mining history. The Cerro Rico mine in Potosí, often cited as the richest silver deposit ever discovered, produced enough metal to bankroll much of the Spanish Empire. The deposit’s total silver endowment is estimated at 3.7 billion ounces. However, aside from historic mining centers like Cerro Rico, much of Bolivia’s geology has yet to be systematically examined with modern exploration tools.
New Pacific Metals’ shareholder base offers an additional point of interest. Silvercorp Metals (NYSE-A/TSX: SVM), a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability, holds a 28% stake in New Pacific, while Pan American Silver (NYSE: PAAS) (TSX: PAAS), one of the world’s largest primary silver producers, owns 12%. These strategic positions suggest that both companies see potential in developing the Bolivian assets, either directly or through eventual acquisition.
New Pacific’s strategy is to advance its projects to “shovel ready” status. Both Silver Sand and Carangas have manageable initial capex, small enough that New Pacific could conceivably build them itself, or alternatively attract interest from other suitors seeking to expand their silver output. With primary silver projects in short supply globally, high-grade deposits are increasingly valuable, in a market driven by rapidly increasing demand.
Industrial demand for silver reached a record 655 million ounces in 2023, representing an 11% increase from the previous year, and this surge is expected to continue, especially as a result of solar industry demands (nnw.fm/ZWJ7UV ). The industry is anticipated to require 273 million ounces of silver annually by 2030, and by 2050, global renewable energy infrastructure, including solar, is projected to consume more silver than has been mined in the past 500 years combined.
This further underscore the importance of developing silver-rich assets such as New Pacific’s projects in Bolivia. The country’s combination of historic richness and modern underinvestment presents one of the few remaining “frontier” exploration opportunities. For investors looking at long-term exposure to silver, New Pacific therefore offers a play on both resource potential and the reawakening of one of the world’s high-potential historic mining regions.
For more information, visit the company’s website at www.NewPacificMetals.com/welcome.
NOTE TO INVESTORS: The latest news and updates relating to NEWP are available in the company’s newsroom at https://nnw.fm/NEWP
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
- Bolivia is the world’s fourth-largest silver producer, yet much of its mineral-rich territory remains unmapped.
- Less than 10% of Bolivia’s silver-rich mineral belt has undergone modern exploration.
- New Pacific Metals owns two of the world’s largest undeveloped silver projects: Silver Sand and Carangas.
- The company’s projects could potentially produce more silver annually than many of the current global producers.
Bolivia’s silver story is centuries old, but for much of the modern era, its richest regions have seen limited modern exploration. New Pacific Metals (NYSE American: NEWP) (TSX: NUAG), a Canadian mineral exploration and development company, is positioning itself to change that. With less than 10% of the country’s silver-rich mineral belt explored using current high-tech techniques, significant opportunities remain for new discoveries. New Pacific is advancing what could become one of the largest new silver districts in the world.
According to the US Geological Survey, Bolivia ranked fourth in global silver production in 2024, accounting for 5% of world output (https://pubs.usgs.gov/periodicals/mcs2025/mcs2025-silver.pdf ). Despite that ranking, more than 60% of the national territory remains unmapped or unexplored, leaving significant untapped potential. This is especially notable in the Andes and highlands, where geological conditions point to large deposits of base and precious metals (nnw.fm/8W5sf ).
New Pacific’s flagship Silver Sand and Carangas projects are discoveries made within the last five years and represent two of the world’s largest undeveloped silver deposits. Economic studies completed in 2024 indicate that, combined, Silver Sand and Carangas have the potential to produce around 18.5 million ounces of silver per year—more than many established producers generate.
The scale of the opportunity is underscored by Bolivia’s mining history. The Cerro Rico mine in Potosí, often cited as the richest silver deposit ever discovered, produced enough metal to bankroll much of the Spanish Empire. The deposit’s total silver endowment is estimated at 3.7 billion ounces. However, aside from historic mining centers like Cerro Rico, much of Bolivia’s geology has yet to be systematically examined with modern exploration tools.
New Pacific Metals’ shareholder base offers an additional point of interest. Silvercorp Metals (NYSE-A/TSX: SVM), a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability, holds a 28% stake in New Pacific, while Pan American Silver (NYSE: PAAS) (TSX: PAAS), one of the world’s largest primary silver producers, owns 12%. These strategic positions suggest that both companies see potential in developing the Bolivian assets, either directly or through eventual acquisition.
New Pacific’s strategy is to advance its projects to “shovel ready” status. Both Silver Sand and Carangas have manageable initial capex, small enough that New Pacific could conceivably build them itself, or alternatively attract interest from other suitors seeking to expand their silver output. With primary silver projects in short supply globally, high-grade deposits are increasingly valuable, in a market driven by rapidly increasing demand.
Industrial demand for silver reached a record 655 million ounces in 2023, representing an 11% increase from the previous year, and this surge is expected to continue, especially as a result of solar industry demands (nnw.fm/ZWJ7UV ). The industry is anticipated to require 273 million ounces of silver annually by 2030, and by 2050, global renewable energy infrastructure, including solar, is projected to consume more silver than has been mined in the past 500 years combined.
This further underscore the importance of developing silver-rich assets such as New Pacific’s projects in Bolivia. The country’s combination of historic richness and modern underinvestment presents one of the few remaining “frontier” exploration opportunities. For investors looking at long-term exposure to silver, New Pacific therefore offers a play on both resource potential and the reawakening of one of the world’s high-potential historic mining regions.
For more information, visit the company’s website at www.NewPacificMetals.com/welcome.
NOTE TO INVESTORS: The latest news and updates relating to NEWP are available in the company’s newsroom at https://nnw.fm/NEWP
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
