#Canada #Vancouver #New Pacific Metals #Silver Sand Project #Carangas Project

New Pacific Metals Reports Financial Results for the Quarter

On November 3, 2026, New Pacific Metals Corp. announced its financial results for the period ending September 30, 2026. This release highlights the company's strategic progress, particularly regarding its key projects in Bolivia, amidst a backdrop of challenges in the current economic environment.

Fiscal Highlights

For the first quarter of FY2027, the company reported significant developments that could impact its future profitability and operational capabilities. Notably, New Pacific signed the Administrative Mining Contracts (AMCs) for the Carangas Silver-Gold Project on August 21, which covers approximately 39 square kilometers and has been set for a fixed, 30-year term. These contracts are pending ratification by Bolivia's legislative assembly, which could pave the way for the project’s advancements. Under a partnership agreement, New Pacific holds a substantial 98% economic interest in the Carangas project.

In addition to the mining contracts, an updated technical report for the Carangas project was filed on August 14, 2026. This report, prepared by Ausenco Engineering Canada ULC, emphasizes the project's economic potential, detailing an impressive post-tax net present value (NPV) of $2.65 billion with an internal rate of return (IRR) reaching 35.9% under base case metal prices.

Financial Performance

Despite these advancements, the company recorded a net loss of $1.42 million for the three months ended September 30, 2026, which translates to $0.01 per share. This net loss increased from a loss of $0.75 million reported in the same period a year prior. The financial results underscored the impact of operational expenditures and foreign exchange losses, which were notably $1.44 million and $0.29 million, respectively.

At the close of the reporting period, New Pacific maintained a working capital of $35.94 million, providing a decent buffer to navigate operational expenses and any unforeseen financial obligations in the coming months.

Project Expenditures

The company also detailed expenditures for its various projects, including Silver Sand and Silverstrike. The progressive investment in the Carangas project is aimed at furthering its development, with total capitalized expenditures of $0.92 million for the quarter, compared to $0.17 million in the previous year. The Silver Sand project saw costs amounting to $0.44 million, down from $0.51 million year-over-year, showcasing a strategic shift towards more efficient spending.

Management Insights

Management's discussion outlined the operational and regulatory challenges ahead, particularly concerning Bolivia's political climate, which has seen occasional unrest. The company's proactive engagement with Bolivian authorities has been crucial in maintaining momentum in project development while addressing social and environmental concerns associated with mining operations.

New Pacific's focus remains firmly on its goal to become a leading player in the precious metals sector within Bolivia. With nearly a decade of operational experience in the region, the company is committed to sustainable practices and fostering positive community relationships as it advances its projects.

Conclusion

As New Pacific Metals navigates this complex landscape, the company's investment in its projects is indicative of its commitment to long-term growth and shareholder value. Stakeholders can expect continued updates on the company’s progress as it works towards finalizing the necessary approvals and advancing its ambitious mining projects. For further details, additional information can be accessed through the company's investor relations platform or their official website.