https://newsletter.mw.creamermedia.com
PROJECT|Surface
PROJECT|Surface
project|surface

New Pacific shares PFS results for Bolivia silver asset

27th June 2024

By: Creamer Media Reporter

     

Font size: - +

Toronto-listed New Pacific Metals has announced the results of its prefeasibility study (PFS) for the Silver Sand project, in Bolivia, confirming its potential to become a high-grade, low-cost pure silver producer.

This, CEO Andrew Williams says, sets it apart as a rare and valuable asset in the industry.  

The openpit Silver Sand mine will have a 13-year operating life, producing about 157-million ounces of silver, with yearly production exceeding 15-million ounces in the first three years. The average life-of-mine all-in sustaining cost is $10.69/oz.

The PFS calculates an aftertax net present value of $740-million and an internal rate of return of 37% at a base case price of $24/oz of silver.

The project requires an initial capital cost of $358-million and an aftertax payback of 1.9 years at $24/oz.

“The next step along our journey will be reaching an agreement with local communities to secure surface rights for the project area. Furthermore, our team will continue to collaborate with local communities and authorities to ensure that the mineral wealth at Silver Sand benefits all Bolivians and stakeholders," said Williams.

Edited by Creamer Media Reporter

Comments

Latest News

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025
BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.067 0.14s - 163pq - 2rq
Subscribe Now