#Canada #Vancouver #financial results #New Pacific #Silver Mining

New Pacific Metals Corp's Financial Overview

In their latest financial report, New Pacific Metals Corp. provided detailed results for the three and nine-month periods concluding on March 31, 2025. The report outlines essential aspects of the company's financial health and operational status, particularly in the silver mining sector.

Financial Results Overview

For the periods mentioned, New Pacific experienced a net loss of $0.86 million for the last three months and $2.86 million for the nine-month period, translating to losses of $0.01 and $0.02 per share, respectively. This was a slight improvement compared to the previous year, where losses stood at $1.27 million and $4.54 million for the same duration, constituting losses per share of $0.01 and $0.03.

The company’s working capital amounted to $16.67 million as of March 31, 2025. Operating expenses for the last quarter and year-to-date were reported at $1.36 million and $4.56 million, respectively, which were lower than the $1.72 million and $5.41 million reported in the same periods for 2024.

Engagingly, the firm generated income from investments worth $0.22 million and $0.66 million for the three and nine months, respectively, showing a reduction from the previous year. Despite a rise in foreign exchange gains, which peaked at $0.28 million and $1.02 million for the respective periods, the gains still portrayed a challenging operating landscape for the mining entity.

Project Expenditure Breakdown

New Pacific's various projects reflect significant investments during the financial review period. A detailed breakdown of expenditures includes:

• - Silver Sand Project: Total expenditures of $0.30 million for three months and $1.23 million for nine months, down from $0.71 million and $2.09 million respectively in 2024.
• - Carangas Project: Incurred $0.41 million in the last three months and $1.16 million year-to-date, closely paralleling prior year expenditures at $0.40 million quarterly and $1.31 million cumulatively.
• - Silverstrike Project: Total expenses of $0.01 million and $0.05 million were documented, mirroring previous year's costs.

These investments are critical as New Pacific continues to push forward in the mining landscape, particularly with its mainstay projects in Bolivia.

Management Insights

The company urges stakeholders to refer to a complete management discussion and analysis that accompanies this financial disclosure. This provides further details on comparative performance against previous years and future strategic initiatives aimed at bolstering financial returns. Stakeholders are encouraged to view the company’s full consolidated financial statements and notes, which are available on SEDAR+ and EDGAR platforms.

About New Pacific Metals Corp.

New Pacific Metals Corp. is a Canadian mining exploration and development company focused on precious metals in Bolivia. The company’s flagship project, Silver Sand, has significant potential as one of the world's leading silver sources. They’re advancing their Carangas project, which boasts a high-margin outlook in silver, lead, and zinc production.

As New Pacific navigates through a complex mining environment, they remain committed to enhancing operational efficiency and financial sustainability. Investors can stay updated through direct engagement with the company or by registering on their official website for the latest news and insights.