Kitco MINING
New Pacific Advances Two Silver Projects as Bolivia Opens Up | Jalen Yuan
Jalen Yuan, CEO of New Pacific Metals, joins Kitco Mining’s Paul Harris at the 2026 Precious Metals Summit in Beaver Creek to discuss how Bolivia’s changing mining and investment framework could affect the company’s two permitting-stage precious-metals projects, Silver Sand and Carangas. At Carangas, New Pacific signed its Administrative Mining Contracts in August and launched a 30,000-meter drill program following an updated PEA that increased post-tax NPV to $2.65 billion, from about $500 million in the previous study, while initial CapEx rose to roughly $645 million. Yuan says the project is moving through legislative approval, with environmental permitting to follow after securing community support earlier this year. Silver Sand is advancing on a parallel track toward feasibility and its own community agreements. Yuan says New Pacific is “not picking one over the other,” with permitting progress likely to determine which project moves first. He also discusses financing, strategic shareholders Silvercorp Metals and Pan American Silver, and outside M&A interest, while saying the company’s preference remains to build the mines itself. Learn more about New Pacific Metals: https://www.newpacificmetals.com/ Sponsored content. This video was produced with support from a Kitco sponsor. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice. 00:25 - Bolivia’s Mining Policy Shift Under President Paz 03:35 - Permitting Timeline for Carangas 05:52 - Carangas PEA and 30,000-Meter Drill Program 09:37 - Mining Contracts, COMIBOL and Regulatory Change 11:41 - Silver Sand and Carangas: Two-Project Strategy 12:58 - Social License and Community Agreements 15:27 - Financing, Strategic Shareholders and M&A Interest 19:04 - New Pacific’s Next 12 to 18 Month Catalysts __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.
