New Pacific Metals Corp Dossier
Qualitative Analysis
Business overview
New Pacific Metals Corp. is a Canadian precious metals exploration and development company primarily focused on advancing large-scale silver and silver-gold projects in Bolivia. The company's flagship asset is the 100% owned Silver Sand project in the Potosí Department, which has the potential to become one of the world's largest open-pit silver mines. Additionally, the company is rapidly advancing the Carangas Silver-Gold project in Oruro, which offers significant scale and robust economics. New Pacific is backed by major strategic shareholders, including Silvercorp Metals Inc. (holding approximately 28%) and Pan American Silver Corp. (holding approximately 12%), which provides strong institutional validation and technical support.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Focusing on securing surface rights through land lease agreements, finalizing community socialization, and restarting the Environmental and Social Impact Assessment (EEIA) process to advance the flagship Silver Sand project toward a feasibility study.
Expected impact: Aims to establish a clear path to construction for one of the world's largest undeveloped open-pit silver projects.
Executing a major drilling campaign of over 30,000 metres at the Carangas Silver-Gold project to upgrade existing resources, test deeper IP targets, and support upcoming feasibility studies.
Expected impact: Upgrades the resource classification and de-risks the technical profile of the asset.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Silvercorp is New Pacific's largest shareholder, holding approximately 27.99% of outstanding common shares. It provides strong financial backing and technical oversight.
Terms: Silvercorp subscribed for C$10.95 million in the C$40.42 million bought deal financing closed on October 21, 2025.
Pan American Silver holds an 11.47% stake in the Company, providing strategic industry validation and exposure to the Silver Sand project.
Terms: Pan American Silver subscribed for C$4.49 million in the C$40.42 million bought deal financing closed on October 21, 2025.