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

New Pacific Metals Reports Robust Financial Results

On September 3, 2026, New Pacific Metals Corp. released its financial results for the last three months and the year concluding on June 30, 2026. The company showcased significant progress, particularly in its gold and silver projects located in Bolivia: the Carangas Silver-Gold Project and the Silver Sand project.

Fiscal Highlights

In the past fiscal year, New Pacific finalized several key agreements that lay the groundwork for future development. Noteworthy was the signing of Administrative Mining Contracts (AMCs) for the Carangas Silver-Gold Project with Bolivia's Administrative Mining Jurisdictional Authority. These AMCs, covering about 39 km², come with a 30-year term, promising stability and potential growth in operations. This contract is pending ratification by Bolivia's Plurinational Legislative Assembly.

Moreover, on August 14, 2026, the company filed an Updated Technical Report and Preliminary Economic Assessment for the Carangas Project. This report, prepared by Ausenco Engineering Canada ULC, highlighted enhanced economic assessments from increased resource throughput and introduction of gold extraction in projections. With a projected net present value (NPV) of $2.65 billion, the Carangas Project demonstrates robust financial returns, showing a remarkable internal rate of return (IRR) of 35.9% at conservative metal prices.

The report forecasts a 19-year operational life, generating approximately 195 million ounces of silver and 1.1 million ounces of gold, alongside substantial amounts of zinc and lead. The company anticipates initial capital costs of $644.5 million, with a swift payback period of approximately 2.4 years.

Further reinforcing its commitments, New Pacific signed a Framework Agreement with the Carangas community to ensure transparency and mutual benefit while developing the project, reflecting a thoughtful approach to community relations and corporate responsibility.

Financial Overview

Regarding financial performance, New Pacific reported a net loss of approximately $0.99 million for the third quarter and a total loss of $4.19 million for the fiscal year, slightly up from the previous year. The company's working capital stood at $37.76 million as of June 30, 2026, indicating a strong liquidity position to further its project advancements.

Operating expenses were reported at $5.95 million for the year, remaining relatively stable compared to the previous year, powered by ongoing exploration and project development. Additionally, income from investments showed growth, climbing to $1.01 million for the year.

The company experienced a foreign exchange gain of $0.77 million, contributing positively to its financial health amidst the fluctuating currency rates.

Project Expenditures

A detailed overview of expenditures showed that investments continued across all main projects. The Carangas project saw a capitalized expenditure of $1.71 million during the fiscal year, reflecting active exploration and development efforts. Despite challenges, including social unrest and competition from informal mining operations, New Pacific's strategic planning positions it as a key player in the mining sector, with well-defined plans for the future.

Conclusion

Having established a solid foundation, New Pacific Metals Corp. is poised for continued growth with its rich portfolio of precious metals projects. With promising financial prospects and unwavering community engagement, the company aims to solidify its market position as one of Bolivia's leading mining operations. Stakeholders are encouraged to follow the company’s progress as it advances in these strategic initiatives and navigates the challenges of the mining environment in Bolivia.