New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has released its financial results for the three months and fiscal year ended June 30, 2026, alongside notable advancements at its Carangas Silver-Gold Project in Bolivia. The company reported 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. Despite the losses, the company maintains a solid liquidity position with working capital of $37.76 million as of June 30.
The Carangas project has reached key milestones. Subsequent to the fiscal year-end, New Pacific signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the project area. These contracts will be submitted to the Plurinational Legislative Assembly of Bolivia for ratification, a crucial step towards securing the legal framework for development. Additionally, the company filed an updated preliminary economic assessment (PEA) for Carangas, demonstrating robust economic potential. The PEA outlines 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%, based on base-case metal prices. The mine plan envisions a 19-year mine life, excluding two years of pre-production, with initial capital costs estimated at $644.5 million and a post-tax payback period of 2.4 years.
These developments underscore New Pacific's commitment to advancing its portfolio of precious metals projects in Bolivia. The company also operates the Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines. The Carangas project, located in Oruro, adds scale and robust economics, further strengthening the company's position. With nearly a decade of operating experience in Bolivia, New Pacific has built strong relationships with stakeholders and shareholders.
The fiscal 2026 results and project updates come at a time when the mining industry is focusing on strategic metals like silver and gold, which are essential for various industrial applications and as safe-haven investments. The positive economic indicators from the Carangas PEA could attract investor attention, especially given the project's favorable NPV and IRR. The successful ratification of the mining contracts will be a pivotal event, potentially paving the way for construction and eventual production.
Investors and stakeholders can access the full press release for more details at https://ibn.fm/j1PNI. For ongoing updates, the company's newsroom is available at http://ibn.fm/NEWP.
