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 strengthen the economic outlook for these large-scale assets. The company owns two of the world's largest undeveloped open-pittable silver deposits, both located in Bolivia.
Gold was trading around $4,001 per ounce, while silver reached $48.5 per ounce as of November 3rd, 2025, according to data referenced by the company (https://ibn.fm/8JayW). The rally is supported by industrial demand and tightening mine supply, creating a more favorable backdrop for exploration and development companies. Higher metal prices directly improve project valuations, particularly for pre-production companies with defined mineral resources.
The Carangas Project hosts a large near-surface silver zone with a thick underlying gold zone, providing scalability and multi-metal optionality. Its 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 remain. Multiple regional targets near Carangas share similar geological characteristics, expanding the long-term discovery potential.
For precious metals developers such as New Pacific Metals, this market environment enhances the economic appeal of large-scale assets. The company's newsroom (https://ibn.fm/NEWP) provides the latest updates and developments regarding NEWP.
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