New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has taken a significant step forward in advancing its Carangas Silver–Gold project in Bolivia by filing an independent preliminary economic assessment (PEA) technical report. The report, prepared by Ausenco Engineering Canada ULC in accordance with National Instrument 43-101, is effective July 16, 2026, and was filed following the results announced on July 17, 2026. The company confirmed that there are no material differences between the information in the report and the previously released results, ensuring consistency and transparency for investors.
The Carangas project, located in the Oruro Department, is one of two permitting-stage precious metals projects in New Pacific's portfolio. The PEA underscores the project's robust economics and scalability, which are expected to contribute significantly to the company's growth trajectory. According to the report, the Carangas project demonstrates strong potential for silver and gold production, with favorable returns that could attract investment and bolster Bolivia's mining sector. The completion of the PEA is a critical milestone, as it provides a comprehensive assessment of the project's technical and financial viability, offering investors a clearer picture of its long-term value.
New Pacific Metals has positioned itself as a key player in the global precious metals market, with a focus on developing high-quality assets in Bolivia. The company's Silver Sand project in Potosí has already been recognized for its potential to become one of the world's largest silver mines. The Carangas project, with its silver-gold resource, further diversifies the company's portfolio and enhances its competitive edge. The company's decade-long operating experience in Bolivia has enabled it to build strong relationships with stakeholders, including local communities and government entities, which is crucial for navigating the complex regulatory environment in the region.
The filing of the PEA is not just a procedural step; it carries significant implications for the industry and the region. For the mining sector, it signals continued investment in Latin American precious metals projects, which are vital for meeting global silver and gold demand. For Bolivia, the development of the Carangas project could bring economic benefits, including job creation and infrastructure improvements. However, the project's future also depends on securing necessary permits, which the company is actively pursuing. As New Pacific advances both its projects, it is poised to contribute to the supply of precious metals, which are essential for various industrial applications, including electronics, renewable energy, and jewelry.
Investors and industry observers will be watching closely as New Pacific moves forward with the Carangas project. The PEA results, as detailed in the technical report, provide a foundation for potential financing and partnership opportunities. The company's commitment to transparency, as evidenced by the release of this report, is likely to instill confidence among stakeholders. With the global push towards sustainable and ethical mining, New Pacific's operations in Bolivia are expected to align with these standards, potentially setting a benchmark for other companies in the region.
For more information, the full press release is available at this link. Additionally, the latest news and updates regarding NEWP can be found in the company's newsroom at http://ibn.fm/NEWP.
