17 Aug 2026resource reserve update● Neutral
Filed the updated Carangas technical report prepared by Ausenco, following the July 2026 announcement of its results.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 July 2026resource reserve update▲ GoodMajor
A rebuilt Carangas study, this time including the gold zone and a higher throughput rate, put the project's after-tax value at US$2.65 billion with a 35.9% return at US$45 silver and US$3,400 gold - against US$501 million and 26% in the 2024 version at US$24 silver. Nineteen-year life, 339.0 million ounces of silver equivalent produced. Most of the jump comes from adding the gold and from far higher metal prices, and it remains a preliminary assessment with no reserves.
15 Nov 2024resource reserve update● Neutral
Filed the Carangas economic assessment technical report, effective 5 September 2024, prepared by RPMGlobal.
2 Oct 2024resource reserve update▲ GoodMajor
First economic study of Carangas, three years after the discovery: a 16-year open pit on a near-surface, silver-rich subset of the deposit producing about 106 million payable ounces of silver, 620 million pounds of zinc and 382 million pounds of lead, for US$324 million of initial capital, an after-tax value of US$501 million at a 5% discount and a 26% return at US$24 silver, with all-in sustaining costs of US$7.60 an ounce net of by-products. A preliminary assessment on indicated and inferred material, not reserves.
8 Aug 2024resource reserve update● Neutral
Filed the technical report for the Silver Sand prefeasibility study, effective 19 June 2024, putting the first reserve statement on the public record.
26 June 2024resource reserve update▲ GoodMajor
The Silver Sand prefeasibility study delivered New Pacific's first mineral reserves: 52.0 million tonnes at 105 g/t for 175.4 million ounces of silver, proven and probable. It describes a 13-year open pit producing about 157 million payable ounces on US$358 million of initial capital, worth US$740 million after tax at a 5% discount with a 37% return at US$24 silver and all-in sustaining costs of US$10.69 an ounce. The company said the next step is agreeing surface rights with local communities - the deposit is defined, the ground it sits on is not yet secured.
19 Sept 2023resource reserve update● Neutral
Filed the technical report supporting the Carangas resource estimate, effective 25 August 2023.
6 Sept 2023resource reserve update▲ GoodMajor
First resource estimate for Carangas, two years after the discovery hole: 214.9 million tonnes indicated containing 205.3 million ounces of silver, 1.59 million ounces of gold, 1,444.9 million pounds of lead, 2,653.7 million pounds of zinc and 112.6 million pounds of copper - 559.8 million ounces of silver equivalent - plus 45.0 million tonnes inferred at 109.8 million ounces equivalent. Mineralisation starts at surface with a 1.8:1 strip ratio in the conceptual pit, and the project is 98%-controlled rather than wholly owned.
7 July 2023drilling result▲ Good
Final 18 holes of the first-quarter 2023 program at Carangas, best 183 metres at 92 g/t silver, completing 39 holes and 17,623 metres and closing the drilling that feeds a first resource estimate for the project.
30 May 2023drilling result▲ Good
First 21 holes of the 2023 program stepped out from the 2022 grid at Carangas and returned 205 metres at 123 g/t silver.
12 Apr 2023drilling result▲ Good
Final 29 holes of the 2022 Carangas program, including 306 metres at 1.2 g/t gold and 26 g/t silver; all 115 holes have now been reported.
21 Feb 2023drilling result▲ Good
Deep hole DCAr0096 at Carangas returned 524 metres at 1.24 g/t gold; 86 of the 115 holes drilled in 2022 had been reported.
17 Feb 2023resource reserve update● Neutral
The AMC Consultants technical report itself for the Silver Sand economic assessment, effective 30 November 2022, filed the day after the announcement of its filing.
16 Feb 2023resource reserve update● Neutral
Filed the technical report behind the January economic study of Silver Sand, effective 30 November 2022 - the document that puts the study on the public record.
1 Feb 2023drilling result▲ Good
Forty-two more Carangas holes, best 230 metres at 146 g/t silver; 85 of the 115 holes drilled in 2022 had then been reported.
24 Jan 2023drilling result▲ Good
Four deep step-out holes south of the earlier gold intercepts at Carangas returned 505 metres at 1.22 g/t gold, extending the thick gold zone that sits under the roughly 1,000-metre-long shallow silver horizon.
12 Jan 2023resource reserve update▲ GoodMajor
Silver Sand's first economic study: a 14-year open pit producing about 171 million payable ounces of silver, initial capital of US$308 million, cash costs of US$8.45 and all-in sustaining costs of US$10.42 an ounce, for an after-tax value of US$726 million at a 5% discount and a 39% return at US$22.50 silver. A preliminary assessment, the lowest-confidence study type, and it carries no reserves - the deposit New Pacific has drilled since 2017 now has a number attached to it for the first time.
28 Nov 2022resource reserve update▲ GoodMajor
The rebuilt Silver Sand estimate by AMC put measured and indicated resources at 54.26 million tonnes grading 116 g/t for 201.77 million ounces of silver, 30% more silver ounces than the 155.85 million of the 2020 estimate, with inferred material falling to 4.56 million tonnes for 12.95 million ounces as drilling converted it. Reported inside an optimised pit at US$22.50 silver and a 30 g/t cut-off.
22 Nov 2022resource reserve update● Neutral
Filed the first technical report on Carangas, effective 16 June 2022, prepared by Donald Birak. It formalises the discovery in a filed document; the release carries no resource estimate for the project.
14 Nov 2022drilling result▲ Good
Six deep holes at Carangas measured the gold zone beneath the shallow silver, one of them 591 metres at 1.03 g/t gold; the silver zone above it extends about 1,000 metres.
1 Nov 2022drilling result▲ Good
Silverstrike's second hole matched the first, with 86 metres of near-surface oxide material grading 2.2 g/t gold.
19 Oct 2022drilling result▲ Good
Twenty-one more Carangas holes kept hitting the near-surface high-grade silver horizon, including 163 metres at 109 g/t silver; 33 holes of the 2022 program had then been reported.
19 Sept 2022drilling result▲ Good
Final 53 holes of the 2022 Silver Sand infill and step-out program reported, completing the data for a resource update due in October and keeping the project's first economic study on schedule.
12 Sept 2022drilling result▲ GoodMajor
The first hole at Silverstrike cut 111 metres at 1.54 g/t gold near surface, a discovery in the first hole of a programme begun three months earlier; six more holes had been drilled and were awaiting assay.
8 Aug 2022drilling result▲ Good
Seven more Carangas holes, led by DCAr0044 at 514 metres of 1.1 g/t gold.
13 July 2022drilling result▲ GoodMajor
First five holes of the 2022 Carangas program returned 535 metres at 1.0 g/t gold and 58 metres at 507 g/t silver, holding the pattern of a shallow high-grade silver horizon over a thick gold zone.
14 June 2022drilling progress report● Neutral
Began a 6,000 metre single-rig program at Silverstrike, a 13 square kilometre property 140 kilometres southwest of La Paz, testing a broad gold zone identified by the company and by historical drilling. A third Bolivian project alongside Silver Sand and Carangas.
7 June 2022drilling progress report● Neutral
Started drilling Jisas, a wholly owned satellite concession about 3 kilometres north of Silver Sand, as the infill drilling at the main deposit wound down.
31 May 2022drilling result▲ Good
Twenty more Silver Sand holes, best 60.48 metres at 236 g/t silver; the 2022 infill and step-out programme had grown to 94 holes and 21,309 metres, with 59 holes still to be assayed, all feeding the resource update behind the coming economic study.
17 May 2022drilling result▲ GoodMajor
The last ten holes of the 2021 Carangas program produced its best numbers yet - 595.7 metres at 1.25 g/t gold and 10.25 metres at 1,213 g/t silver - completing assays for all 35 holes. What began as a silver target is now a silver-gold system with a broad gold zone beneath it.