New Pacific Metals Advances Major Silver Projects Amid Rising Precious Metals Prices

New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) is advancing two of the world's largest undeveloped open-pittable silver deposits, Silver Sand and Carangas, both located in Bolivia. The company's development activities come at a time when precious metals prices have strengthened significantly, with gold trading around $4,001 per ounce and silver reaching $48.5 per ounce as of November 3rd, 2025, according to market data available at https://ibn.fm/8JayW. This price environment is creating more favorable conditions for exploration and development companies across the mining sector.

The Carangas Project represents a particularly significant asset, hosting a large near-surface silver zone with a thick underlying gold zone that provides both scalability and multi-metal optionality. The Preliminary Economic Assessment for Carangas outlines a 16-year starter pit focused on the shallow silver zone with a low strip ratio, indicating potentially favorable mining economics. Beyond the modeled resources, the project offers significant unmodeled upsides that could enhance its long-term value proposition.

Multiple regional targets near Carangas share similar geological characteristics, expanding the long-term discovery potential beyond the currently defined resources. This regional exploration upside, combined with the project's primary mineral resources, positions New Pacific Metals with substantial growth opportunities in a strengthening precious metals market. Higher metal prices directly improve project valuations, particularly for pre-production companies with defined mineral resources like New Pacific Metals.

The current market environment enhances the economic appeal of large-scale assets for precious metals developers. For investors seeking additional information about the company's developments, corporate updates are available through the company's newsroom at https://ibn.fm/NEWP. The combination of rising industrial demand for silver and tightening mine supply has created supportive conditions for silver development projects, with current price levels substantially improving the projected economics of undeveloped deposits.

As precious metals continue to demonstrate strength in global markets, companies with advanced-stage projects like New Pacific Metals stand to benefit from improved financing conditions and enhanced project economics. The company's focus on two major silver deposits in Bolivia positions it to potentially capitalize on both near-term production opportunities and long-term exploration upside in a market environment that increasingly favors precious metals development.