New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) is advancing its two major silver projects in Bolivia—Silver Sand and Carangas—as rising precious metals prices bolster project economics. Gold and silver have strengthened in recent months, with gold trading around $4,001 per ounce and silver reaching $48.5 per ounce as of November 3, 2025, according to data from IBN. This favorable market environment is particularly beneficial for pre-production companies with defined mineral resources, such as New Pacific Metals.
New Pacific Metals owns two of the world’s largest undeveloped open-pittable silver deposits: Silver Sand and Carangas, both located in Bolivia. The Carangas Project hosts a large near-surface silver zone with a thick underlying gold zone, providing scalability and multi-metal optionality. The project’s Preliminary Economic Assessment (PEA) outlines a 16-year starter pit focused on the shallow silver zone with a low strip ratio, and significant unmodeled upsides exist. Additionally, multiple regional targets near Carangas share similar geological characteristics, expanding long-term discovery potential.
Rising precious metal prices directly improve project valuations, particularly for developers like New Pacific Metals. For more information on the company, visit their newsroom at https://ibn.fm/NEWP.
