New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has announced results from an updated preliminary economic assessment (PEA) for its Carangas project in Bolivia, revealing an after-tax net present value (5% discount) of $2.65 billion and an internal rate of return of 35.9%. The updated study, which incorporates a higher processing throughput and the addition of the project’s gold zone, outlines a 19-year mine life with average annual payable silver production of 10.6 million ounces. Initial capital costs are estimated at $644.5 million, with a post-tax payback period of 2.4 years.
The PEA is based on metal prices of $45 per ounce silver, $3,400 per ounce gold, $1.20 per pound zinc, and $0.90 per pound lead. The company noted that the updated economics reflect a significant improvement over previous estimates, driven by the expanded resource base and optimized mine plan. New Pacific said it will continue advancing the project through a planned 30,000-meter infill drilling program while progressing permitting activities, including conversion of exploration licenses to administrative mining contracts and initiation of the environmental impact assessment process. The company also plans to begin feasibility-level metallurgical, geotechnical, and hydrological work as it moves the Carangas project toward the next stage of development.
The Carangas silver-gold project is located in the Oruro department of Bolivia, a region with a rich mining history. New Pacific Metals is a Canadian exploration and development company advancing two permitting-stage precious metals projects in Bolivia. Its Silver Sand project in Potosí has the potential to become one of the world’s largest silver mines. The Carangas project strengthens the company’s portfolio through scale, robust economics, and regional exploration potential. With nearly a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders.
For more details on the press release, visit https://ibn.fm/pAzOX. The latest news and updates relating to NEWP are available in the company’s newsroom at http://ibn.fm/NEWP.
