A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Mining is"embedded in the DNA of Bolivian culture," says Andrew Williams, the newly appointed CEO of New Pacific Metals .New Pacific has made three discoveries in the South American country: Silver Sand, Corangas and Silverstrike. The company recently published a resource estimate at Corangas outlining 560 million silver-equivalent ounces in the indicated category and 110 million ounces of silver-equivalent inferred.
The property is a large landholding with several geophysical targets New Pacific plans to drill-test.Kitco Mining: Why did you decide to take the CEO reins at New Pacific? Williams: I started in January of this year as the company's president. Before joining I spent 11 years on the buy side of the industry focused exclusively on precious metals companies as a portfolio manager. I came to appreciate just how rare companies are that make big meaningful discoveries and when they do there is that transitional phase from being a successful exploration company and becoming a project developer.
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