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New Pacific Metals

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New Pacific Metals Corp is an exploration development company focused on developing world-class silver and gold deposits in Bolivia.

Investor website: https://www.newpacificmetals.com/

About

New Pacific Metals Corp is an exploration development company focused on developing world-class silver and gold deposits in Bolivia. The company is committed to sustainable business practices, innovation, and creating long-term value for stakeholders through responsible mining and community engagement.

Verified company data

Cash position
US$41.2 M
Shares outstanding
184 M
Fully diluted shares
190 M
Mineral resource
New Pacific Metals Reports an updated Mineral Resource Estimate for the Silver Sand Deposit, Bolivia – Increases Silver Ounces in Measured and Indicated Mineral Resources by 30%. The effective date of the 2022 Mineral Resource Estimate for Silver Sand is 31 October 2022. The cut-off applied for reporting the pit-constrained Mineral Resources is 30 g/t silver. Assumptions made to derive a cut-off grade included mining costs, processing costs and recoveries and were obtained from comparable industry situations. The model is depleted for historical mining activities. Mineral Resources are constrained by optimized pit shells at a silver price of US$22.50 per ounce, silver metallurgical recovery of 91%, silver payability of 99%, open pit mining cost of US$2.6/t, processing cost of US$16/t, G&A cost of US$2/t, and slope angle of 44-47 degrees. Key assumptions used for pit optimization for the PEA mining pit include silver price of US$22.50 per ounce, silver metallurgical recovery of 91%, silver payability of 99%, open pit mining cost of US$2.6/t, incremental mining cost of US$0.04/t (per 10 m bench), processing cost of US$16/t, tailing storage facility operating cost of US$0.7/t, G&A cost of US$2/t, royalty of 6.00%, mining recovery of 92%, dilution of 8%, and cut-off grade of 30 g/t silver.
Projects
["New Pacific Metals Reports Results of Updated Carangas Preliminary Economic Assessment: Post-tax $2.65 Billion NPV (5%) and 35.9% IRR; 339.0 Million Oz of Silver Equivalent Produced.","New Pacific Metals Reports Results of its Pre-Feasibility Study of the Silver Sand Project Post-Tax US$740 Million NPV (5%), 37% IRR, 157 Million Ounces of Silver.","New Pacific Intersects 183 Meters Grading 92 Grams Per Tonne Silver in Step-out Drilling at the Carangas Project, Bolivia.","New Pacific Intersects 205 Meters Grading 123 Grams per Tonne Silver in Step-out Drilling at the Carangas Project, Bolivia.","New Pacific Intersects 306 Metres Grading 1.2 Grams per Tonne Gold and 26 Grams per Tonne Silver at the Carangas Project, Bolivia.","New Pacific Intersects 524 Metres Grading 1.24 Grams Per Tonne Gold at the Carangas Project, Bolivia.","New Pacific Intersects 230 Metres Grading 146 Grams per Tonne Silver at the Carangas Project, Bolivia.","New Pacific Intersects 505 Metres Grading 1.22 Grams Per Tonne Gold at the Carangas Project, Bolivia.","New Pacific Intersects 591 Metres Grading 1.03 Grams Per Tonne Gold at the Carangas Project, Bolivia.","New Pacific Intersects 86 Metres of Near-Surface Oxide Mineralization Grading 2.2 Grams Per Tonne Gold at the Silverstrike Project.","New Pacific Intersects 60.48 Metre Interval Grading 236 Grams Per Tonne Silver at the Silver Sand Project.","New Pacific Intersects 595.7 m Interval Grading 1.25 g/ t Gold and 10.25 m Interval Grading 1,213 g/t Silver at the Carangas Project."]
Leadership
Jalen Yuan (CEO, Corporate leader and professional accountant with over sixteen years of diverse international experience in the mining industry. Previously served as Chief Financial Officer of the Company since 2015.), Chester Xie (CFO, Professional accountant with nearly a decade of diverse international experience in financial reporting, auditing, internal control, and accounting. Joined the Company in 2023 as Financial Controller.), Alex Zhang (Vice President, Exploration, Professional geoscientist with more than 30 years of experience in mineral exploration, involved in major projects in China, Canada, and Bolivia.), Carolina Ordoñez (Vice President, Corporate Affairs, Over 15 years of experience in the resource sector as a liaison between Governments, Corporations, and Investors, fluent in English and Spanish.), Hianny Romero (Vice President, Bolivia Operations, Strategic financial and operational executive with over a decade of leadership experience in Bolivia's mining operations.), Dickson Hall (Chairman of the Board of Directors, Over 40 years of experience in finance and corporate development, with a strong emphasis on the mining sector.), Paul Simpson (Director, Vancouver-based corporate securities and mining lawyer with over 25 years’ experience advising public companies.), Maria Tang (Director, Over 20 years of experience in accounting with a focus on the mining industry, currently President and CFO of HempNova LifeTech Corp.), Martin Wafforn (Director, Mining engineer with more than 35 years of experience in the mining industry, currently Senior Vice President at Pan American Silver.), Myles Gao (Director, Seasoned geologist and mining executive with senior leadership positions in various mining companies, currently Chief Technical Officer of Zijin Mining International Operations.)

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