New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announced its financial results for the fiscal 2026 second quarter and six-month period ended Dec. 31, 2025. The company reported a net loss attributable to equity holders of $1.58 million, or $0.01 per share, for the three-month period, compared with a net loss of $0.74 million in the prior-year quarter. For the six-month period, the net loss was $2.33 million, or $0.01 per share, versus $2 million in the same period last year. Despite the losses, the company ended the quarter with working capital of $41 million, underscoring its financial stability as it advances its precious metals projects in Bolivia.
Operating expenses for the quarter and six-month period totaled $1.47 million and $2.79 million, respectively. During the quarter, the company capitalized expenditures of $0.67 million at Silver Sand, $0.22 million at Carangas, and $0.03 million at Silverstrike, bringing total capitalized project balances to $118.48 million as of Dec. 31, 2025. These investments are critical as New Pacific progresses its two permitting-stage projects: the Silver Sand project in Potosí and the Carangas Silver–Gold Project in Oruro.
Importantly, the company noted that during the period, Bolivia initiated a shift toward a market-oriented economic model. This policy change could have significant implications for New Pacific, as it operates in Bolivia and has over a decade of experience in the country. A more market-friendly environment may streamline permitting processes and improve the investment climate for mining projects, potentially accelerating the development of the Silver Sand project, which has the potential to become one of the world's largest silver mines, and the Carangas project, known for its scale and robust economics.
The company's strong working capital position of $41 million provides a solid foundation to fund ongoing exploration and development activities without immediate financing pressure. As New Pacific continues to advance its projects, the evolving regulatory landscape in Bolivia will be a key factor to monitor. For more details, the full press release is available at https://ibn.fm/Wsi6E.
New Pacific Metals is a Canadian exploration and development company focused on precious metals in Bolivia. Its shares trade on the TSX under the symbol NUAG and on the NYSE American under NEWP. Investors can find the latest news and updates in the company's newsroom at http://ibn.fm/NEWP.
