- Business
- New Pacific Metals Corp. is a Canadian exploration and development company focused on precious metal properties in Bolivia. The Company operates three primary projects: the flagship Silver Sand Project, which is the largest silver discovery in Bolivia in the last 30 years and features significant indicated and inferred silver resources amenable to open-pit mining; the Carangas Silver-Gold Project known for lower-cost production on a per-ounce basis; and the Silverstrike Silver-Gold Project, all located in Bolivia's Potosí Department. Its core products and services include the exploration, development, and future production of silver and gold mineral resources through advanced geological studies, drilling programs, and economic assessments. Founded in 2010 and headquartered in Vancouver, British Columbia, New Pacific Metals concentrates on advancing its silver-dominant assets toward commercial production.
In the last two years, New Pacific Metals has notably completed substantial financing rounds, including C$40.4 million and C$35.1 million bought deal financings in 2025 to support exploration and development activities at the Silver Sand and Carangas projects. The company secured strategic investment participation by Silvercorp Metals, which holds a significant equity stake, reflecting a key partnership aligned with advancing its projects. New Pacific Metals has also filed a base shelf prospectus to replace an expired prospectus, facilitating future capital market activities. Operationally, the company continues to report prefeasibility study results confirming strong economic potential at Silver Sand, with a post-tax net present value of US$740 million (5% discount) and IRR of 37%, highlighting its readiness for the next stages of project development. Governance stability was reaffirmed with recent shareholder support at its annual meeting and auditor re-appointment. These activities underscore New Pacific Metals' strategic focus on progressing its high-quality silver and silver-gold assets in Bolivia toward economic viability and production readiness.