New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has reported its financial results for the fiscal year ended June 30, 2026, alongside notable advancements at 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 development activities.
Subsequent to the fiscal year-end, New Pacific achieved a significant permitting milestone by signing 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the Carangas Project. These contracts are now subject to ratification and approval by the Plurinational Legislative Assembly of Bolivia. This step is crucial for securing the land tenure necessary for long-term mining operations and reflects the company’s continued collaboration with Bolivian authorities.
In addition, the company filed an updated preliminary economic assessment (PEA) for Carangas, which 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 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 underscore the project’s potential to deliver substantial economic benefits over its lifespan.
The Carangas project, located in the Oruro department, is one of two advanced precious metals projects in Bolivia that New Pacific is advancing. Alongside the Silver Sand project in Potosí, which has the potential to become one of the world’s largest silver mines, Carangas strengthens the company’s portfolio through scale, robust economics, and regional exploration potential. With nearly a decade of operating experience in Bolivia, New Pacific has built strong relationships with stakeholders and shareholders, which is vital for navigating the regulatory landscape.
The positive results from the PEA and the signing of mining contracts are significant for New Pacific as they de-risk the project and pave the way for eventual construction and production. The strong NPV and IRR indicate that Carangas could be a major source of silver and gold, contributing to the company’s growth and Bolivia’s mining sector. Investors can view the full press release for more details at https://ibn.fm/j1PNI, and the latest news and updates are available in the company’s newsroom at http://ibn.fm/NEWP.
