What New Pacific Metals does

New Pacific Metals Corp. is a Canadian exploration and development company headquartered in Vancouver, British Columbia, advancing three precious metals projects in Bolivia: Silver Sand (100% owned, Potosí Department), Carangas (98% economic interest via a Mining Associate Contract, Oruro Department), and the earlier-stage Silverstrike discovery. Its shares trade on the Toronto Stock Exchange (TSX: NUAG) and NYSE American (NEWP), with insider ownership reported at approximately 47% and strategic shareholders including Silvercorp Metals and Pan American Silver.

The company's core technology is conventional — open-pit mining combined with tank leach processing at Silver Sand and sulphide flotation at Carangas — supported by NI 43-101 compliant resource estimates and engineering studies conducted by AMC Mining Consultants and RPMGlobal. Silver Sand is anchored by a 2024 Pre-Feasibility Study projecting 12Moz annual silver production at 37% IRR and $740M post-tax NPV (5%) at $24/oz silver over a 13-year mine life; Carangas is supported by a 2024 PEA projecting 6.6Moz silver, 17kt zinc, and 11kt lead annually over 16.2 years at 26% IRR and $501M NPV.

New Pacific is pre-revenue and funds itself through equity financings on public markets; it has raised approximately C$134.8M cumulatively across a 2010 private placement and bought-deal financings in 2023 and 2025. Revenue will only begin upon transition to production following permitting — currently in progress, with the February 2026 Framework Agreement with TIOC Carangas a key milestone. The company's go-to-market is investor-relations driven (conferences, news releases, dual-listing), and its future commercial model is conventional silver, zinc, and lead concentrate sales to commodity markets.

Name

New Pacific Metals

Legal name

New Pacific Metals Corp.

Website

https://newpacificmetals.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

New Pacific Metals Corp. is a Canadian pre-revenue mining developer advancing three precious metals projects (Silver Sand, Carangas, Silverstrike) in Bolivia toward production, with shares listed on TSX (NUAG) and NYSE American (NEWP).

Ownership category

akta.pro rank

Product category

Silver and Precious Metals Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Primary Metal Manufacturing (331), Nonferrous Metal (except Aluminum) Smelting and Refining (331410)

SIC

Gold And Silver Ores (1040), Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Silver Mining (IMAKAEAB)

akta.pro secondary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Silver mining exploration
• Precious metals development
• Mineral resource estimation
• Mining feasibility studies
• Open-pit mining

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Mining Operations (Future): New Pacific is currently a pre-revenue exploration and development company. The company plans to generate revenue through mining operations once projects reach production stage. Silver Sand project in Potosí has potential to become one of the world's largest silver mines, and Carangas Silver-Gold Project in Oruro will strengthen the company's portfolio through scale and robust economics. The company expects to create approximately 500 direct permanent jobs from the Carangas Project and has a Mining Associate Contract with a private Bolivian corporation under which New Pacific will receive 98% of operational profits once Carangas moves to production.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

New Pacific Metals Corp. is a Canadian exploration and development company advancing permitting-stage precious metals projects in Bolivia. The company's core offerings are three silver and silver-gold mining projects — Silver Sand (100% owned, Pre-Feasibility stage), Carangas (98% controlled, Preliminary Economic Assessment stage), and Silverstrike (discovery stage) — intended to be developed into producing open-pit silver mines for the sale of silver doré and polymetallic concentrates to commodity markets.

Product overview

New Pacific Metals is a Canadian exploration and development company operating three precious metals projects in Bolivia. The company's portfolio consists of three core projects: the Silver Sand Project (a 100% owned silver mine in Potosi with a completed Pre-Feasibility Study), the Carangas Silver-Gold Project (a 98%-controlled polymetallic deposit in Oruro with a completed Preliminary Economic Assessment), and the Silverstrike Silver-Gold Project (a discovery-stage project). The company focuses on advancing these permitting-stage projects toward production as separate development assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Silver Sand Project 100% owned flagship silver mining project located in Potosí Department, Bolivia, approximately 35 km northeast of the world-class Cerro Rico silver deposit. Designed as a conventional open-pit and tank leach operation producing on average 12 million ounces of silver (Doré) per annum over a 13-year mine life.
• Carangas Silver-Gold Project 98%-controlled polymetallic silver-gold deposit located approximately 190 km southwest of Oruro in Bolivia. Designed as a conventional open-pit and sulphide flotation operation producing approximately 6.6 million ounces of silver per year along with zinc and lead by-products over a 16.2-year mine life.
• Silverstrike Silver-Gold Project Discovery-stage silver-gold project in Bolivia, the company's third precious metals project discovered through drilling.

Quantifiable outcome

• Silver Sand: 37% IRR and $740M post-tax NPV at $24/oz silver base case; 12Moz annual silver production over 13-year mine life
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• TIOC Carangas (Carangas Community)coreStrategic or Co-development Partner · 23 February 2026New Pacific signed a Framework Agreement for Cooperation and Coordination with the Carangas community (TIOC Carangas) in February 2026 for the Carangas Silver-Gold Project. The agreement establishes commitments for project development, community support, environmental compliance, and a resettlement plan. This framework is critical for completing the prior consultation process and converting exploration licenses to mining permits.
• RPMGlobal (Resource Planning & Mining Global)coreStrategic or Co-development Partner · 1 October 2024RPMGlobal (with offices including RPM) conducted the Preliminary Economic Assessment for the Carangas Project, including mineral resource estimation, infrastructure, tailings, water management, environmental and financial analysis. RPM was contracted in cooperation with Moose Mountain Technical Services (mining) and JJ Metallurgical Services (metallurgy). RPM also estimated the September 2023 Mineral Resource Estimate for Carangas.
• AMC Mining Consultants (Canada) Ltd.coreStrategic or Co-development Partner · 26 June 2024AMC Mining Consultants (Canada) Ltd. conducted the Pre-Feasibility Study for the Silver Sand Project, including mineral resource and reserves, mining, infrastructure and financial analysis. AMC was contracted in cooperation with Halyard Inc. (metallurgy and processing) and NewFields Canada Mining & Environment ULC (tailings, water and waste management). AMC also prepared the 2022 Mineral Resource Estimate for Silver Sand.
• Private Bolivian Corporation (Mining Associate)coreStrategic or Co-development Partner · 1 April 2021In April 2021, New Pacific entered into a Mining Associate Contract with a private Bolivian corporation for the Carangas Project. Under the contract, New Pacific covers 100% of future expenditures for exploration, mining, development, and production activities and receives 98% of operational profits once Carangas moves to the mining production stage. The agreement has a term of 30 years and is renewable for another 15 years.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Silvercorp Metals Inc. Canada-based silver and gold producer with operations in China and the Americas. A major strategic investor in New Pacific and a comparable precious metals miner focused on silver-dominant polymetallic deposits.
• MAG Silver Corp. Silver-focused exploration and development company advancing the Juanicipio project in Mexico. Compares directly to New Pacific as a single-asset silver developer transitioning toward production.
• Endeavour Silver Corp. Mid-tier silver producer with operating mines in Mexico. Comparable as a silver-focused miner with project development and production exposure across the Americas.
• First Majestic Silver Corp. Primary silver producer with operations in Mexico and Argentina. Closely comparable as a publicly listed silver-focused miner developing and operating open-pit and underground silver assets.
• SilverCrest Metals Inc. Canadian silver-gold developer that recently transitioned from developer to producer in Mexico. Directly comparable as a precious metals developer that successfully permitted and built a silver-gold project.
• Fortuna Silver Mines Inc. Mid-tier silver and gold producer with operating mines in Mexico, Peru, and Argentina. Comparable as a silver-focused mid-cap miner developing precious metals projects across Latin America.

Broad incumbents

• Pan American Silver Corp. One of the world's largest primary silver producers with diversified operations across the Americas. A strategic investor in New Pacific and a natural takeout candidate given its scale and silver-focused portfolio.
• Hecla Mining Company: Largest U.S.-based silver producer with diversified silver and gold operations. Comparable as a long-established primary silver miner with permitting and production expertise relevant to New Pacific's next stage.
• Coeur Mining Inc. Diversified precious metals producer with silver-dominant operations across the Americas. Comparable business model of silver-focused open-pit and underground mining in jurisdictions similar to Bolivia.
• Hochschild Mining PLC: Senior precious metals producer with underground silver-gold mines in Peru and Argentina. Comparable as a Latin America-focused silver miner with open-pit and underground project expertise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/NewPacific_
• YouTubeyoutube.com/@newpacificmetals
• LinkedInlinkedin.com/company/new-pacific-metals-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Pacific Metals