New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has released results from an updated preliminary economic assessment (PEA) for its Carangas project in Bolivia, revealing an after-tax net present value (NPV) of $2.65 billion at a 5% discount rate and a 35.9% internal rate of return (IRR). The updated study, which incorporates a higher processing throughput and the addition of the project’s gold zone, outlines a 19-year mine life with average annual payable silver production of 10.6 million ounces.
The PEA is based on metal prices of $45 per ounce silver, $3,400 per ounce gold, $1.20 per pound zinc, and $0.90 per pound lead. Initial capital costs are estimated at $644.5 million, with a post-tax payback period of 2.4 years. These robust economics highlight the project’s potential to become a significant precious metals producer in Bolivia.
New Pacific said it will continue advancing the Carangas project through a planned 30,000-meter infill drilling program while progressing permitting activities. This includes the conversion of exploration licenses to administrative mining contracts and initiation of the environmental impact assessment process. The company also plans to begin feasibility-level metallurgical, geotechnical, and hydrological work as it moves the project toward the next stage of development.
For more details, the full press release is available at https://ibn.fm/pAzOX.
The Carangas project is located in the Oruro department of Bolivia, adding to New Pacific’s portfolio of precious metals assets in the country. The company also holds the Silver Sand project in Potosí, which has the potential to become one of the world’s largest silver mines. With nearly a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders.
The updated PEA underscores the strategic importance of the Carangas project, which strengthens the company’s portfolio through scale, robust economics, and regional exploration potential. The inclusion of the gold zone significantly enhances the project’s value, as gold contributes to the revenue stream alongside silver, zinc, and lead.
Investors can find the latest news and updates relating to New Pacific Metals in the company’s newsroom at http://ibn.fm/NEWP.
New Pacific Metals is a Canadian exploration and development company focused on advancing its two permitting-stage precious metals projects in Bolivia. The Carangas project’s updated PEA marks a significant milestone, positioning it as a potential low-cost, long-life mine with strong returns. As the company progresses infill drilling and permitting, it aims to de-risk the project and pave the way for a feasibility study.
The announcement comes at a time when silver and gold prices remain elevated, supported by global economic uncertainty and strong demand for precious metals as safe-haven assets. If the Carangas project advances to production, it could contribute meaningfully to global silver supply, given its projected annual output of over 10 million ounces.
