New Pacific Metals Projects $2.65 Billion NPV for Carangas Mine

The updated technical report reflects a strategic expansion of the Oruro-based project, incorporating higher throughput rates and the integration of a dedicated gold zone. Over its 19-year lifespan, the operation is expected to produce 339 million ounces of silver equivalent. The project’s economics rely on a tiered production strategy, transitioning from a silver-focused phase to a combined silver-gold operation by year nine.

Initial capital requirements are estimated at $644.5 million, with a projected payback period of 2.4 years. The company plans to leverage contract mining to manage operational overhead and utilize the national electricity grid to maintain cost efficiency. To further de-risk the project, New Pacific intends to launch a 30,000-meter infill drilling campaign this September, aimed at upgrading resource classifications and exploring potential extensions of the gold zone. Ongoing administrative efforts remain focused on converting existing exploration licenses into administrative mining contracts to facilitate the formal environmental impact assessment process.