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VANCOUVER - New Pacific Metals (NYSE:NEWP) Corp. (TSX: NUAG) (NYSE American: NEWP), a Canadian exploration and development company currently valued at $258 million, has announced its operational plans for 2025, focusing on its Bolivian mining projects, Silver Sand and Carangas. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. The company’s President and CEO, Andrew Williams, emphasized the importance of advancing permitting processes to move these projects towards construction.
In 2024, New Pacific Metals achieved key milestones, including updated technical studies for both projects, and reported a strong financial position with $18 million in cash and a conservative spending rate. InvestingPro data confirms the company’s solid liquidity position, with a remarkable current ratio of 17.97x and more cash than debt on its balance sheet. The company plans to continue this disciplined approach throughout 2025. Discover 5 more exclusive financial insights about NEWP with an InvestingPro subscription.
At the Silver Sand Project, efforts are concentrated on securing surface rights through long-term land lease agreements with the local community. The company faced disruptions from illegal artisanal and small-scale miners but has taken legal action to restore its rights, relying on support from the judiciary and law enforcement.
For the Carangas Project, the company intends to transition its Exploration License to an Administrative Mining Contract under Bolivia’s 2014 Mining Code, a process initiated with a significant milestone on July 25, 2024. The next steps include obtaining formal community consent and submitting the AMC application.
New Pacific Metals prioritizes environmental, socioeconomic, and hydrological studies in collaboration with local communities. However, higher-cost activities such as drilling programs and feasibility studies will be deferred until permitting is further advanced.
The company’s plans are underpinned by the potential to produce nearly 19 million ounces of silver annually across its projects, which are among the world’s largest undeveloped open-pit silver projects. While InvestingPro analysts anticipate the company won’t be profitable this year, with projected EPS of -$0.04, this potential production aligns with the anticipated increase in global silver demand. Get detailed financial forecasts and expert analysis with an InvestingPro subscription.
The scientific and technical content of the press release has been reviewed and approved by Alex Zhang, P. Geo., Vice President of Exploration for New Pacific, who is a qualified person as defined by National Instrument 43-101.
New Pacific Metals Corp., with a 2025 budget of $8 million, remains committed to advancing its Bolivian projects with financial strength and flexibility. The information in this article is based on a press release statement from New Pacific Metals Corp.
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