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New Pacific Metals

TSX:NUAGLive AI agent

New Pacific is a Canadian exploration and development company advancing two permitting-stage precious metals projects and one exploration-stage project in Bolivia.

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

About

New Pacific is a Canadian exploration and development company advancing two permitting-stage precious metals projects and one exploration-stage project in Bolivia. Its Silver Sand project in Potosí has the potential to become one of the world’s largest silver mines. The Carangas Silver–Gold Project in Oruro strengthens the Company’s portfolio through scale, robust economics, and regional exploration potential. The Silverstrike Silver-Gold Project, located in La Paz, had a discovery drill program in June 2022 and discovered near-surface, broad gold mineralization. With over a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders. The Company is headquartered in Vancouver, British Columbia, and its shares trade on the Toronto Stock Exchange under the symbol “NUAG” and on the New York Stock Exchange under the symbol “NEWP.”

Verified company data

Cash position
US$41.2 M
Shares outstanding
184000000
Fully diluted shares
190000000
Mineral resource
The Mineral Resource Estimate (“MRE”), which used conceptual open pit mining constraints for reporting purposes, has been reported in the news release of November 28, 2022. The Mineral Resources, which are stated at a 30 g/t silver cut‐off grade, are shown in the table below. **Mineral Resource as of October 31, 2022** _Notes:_ - _CIM Definition Standards (2014) were used for reporting the Mineral Resources._ - _The qualified person (as defined in NI 43-101) is Dinara Nussipakynova, P.Geo. of BBA, formerly employed with AMC Consultants (Canada) Ltd. (“AMC Consultants)._ - _Mineral Resources are constrained by optimized pit shells at a metal price of US$22.50/oz Ag, recovery of 91% Ag and cut-off grade of 30 g/t Ag._ - _Drilling results up to July 25 2022._ - _The numbers may not compute exactly due to rounding._ - _Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability._ _Source: AMC Mining Consultants (Canada) Ltd._
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, held executive and board leadership positions.), 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.)

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