New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has reported its financial results for the three months and fiscal year ended June 30, 2026, while also providing an update on its Carangas Silver-Gold Project in Bolivia. The company posted a net loss attributable to equity holders of $990,000, or $0.01 per share, for the quarter, and $4.19 million, or $0.02 per share, for the full year. As of June 30, New Pacific held working capital of $37.76 million, positioning it to continue advancing its portfolio of precious metals projects.
The company's primary focus remains the development of its Bolivian assets, particularly the Carangas Silver-Gold Project. Subsequent to the fiscal year-end, New Pacific signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the Carangas Project. These contracts are a crucial step towards securing the project's mineral rights and will now be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval. This milestone underscores the company's commitment to operating within the legal and regulatory framework of Bolivia, where it has built nearly a decade of experience.
In tandem with the contract signing, New Pacific filed an updated preliminary economic assessment (PEA) for Carangas. The PEA outlines a robust project with a post-tax net present value (NPV) at a 5% discount rate of $2.65 billion and an internal rate of return (IRR) of 35.9% at stated base-case metal prices. The assessment projects a 19-year mine life, excluding two years of pre-production, with initial capital costs of $644.5 million and a post-tax payback period of 2.4 years. These figures highlight the project's potential to deliver substantial economic returns, making it a significant addition to New Pacific's already strong portfolio.
The company also continues to advance its Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines. Together, these projects position New Pacific as a key player in the precious metals sector, particularly in Bolivia, where the company has established strong stakeholder relationships and operational expertise.
The financial results and project developments come at a time when the global demand for silver and gold remains robust, driven by their use in various industries and as safe-haven assets. The positive economic indicators from the Carangas PEA suggest that the project could become a major contributor to New Pacific's future growth and shareholder value.
For more details on the full press release, interested parties can visit https://ibn.fm/j1PNI. The latest news and updates regarding New Pacific Metals are available in the company's newsroom at http://ibn.fm/NEWP.
