New Pacific Metals invests in Silver Sand project

New Pacific Metals published the results of the Silver Sand project PEA. The project will be realized in Potosi Department, Bolivia.

The Silver Sand open pit project should bring the net present value of $726 million after all necessary payments. The internal rate of return should amount to 39%. All of this should happen at a silver base price of $22.50 an ounce.   

As per the project, the mine should work for 14 years and bring about 171 million ounces of silver. Annual silver production from the first to the fourth year should be more than 15 million ounces. Average annual production over the mine life is expected to exceed 12 million ounces.

According to CEO and Founder Dr. Rui Feng, Silver Sand may become one of the biggest silver mines with a long lifecycle and a stable economy.