Canadian precious metals developer New Pacific Metals closed 15.34% higher at $1.88 on Wednesday.
The Zhitong Finance app learned that Canadian precious metals developer New Pacific Metals (NEWP.US) closed up 15.34% to $1.88 on Wednesday. According to the news, the price of precious metals rose, driven by the Federal Reserve's unexpected release of pigeons. As of press release, gold futures rose 2.51% to 2047.40 US dollars/ounce; silver futures rose 5.11% to 24.093 US dollars/ounce.
According to data, the mining layout of New Pacific Metals in Bolivia includes the Colanga (Carangas) silver gold mine, the flagship Silver Sand (Silver Sand) silver mine, and the Silverstrike (Silverstrike) silver gold mine. Earlier this year, the company published a preliminary economic assessment of its flagship project, Silver Sands Silver Mine. According to preliminary economic assessments, the project is expected to achieve a net present value of US$726 million after tax and an internal rate of return of 39%, thanks to the mine's 14-year service period, which will produce 171 million ounces (over 5,300 tons) of total silver production.