New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announced its financial results for the fiscal year ended June 30, 2026, and provided an update on 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. As of June 30, 2026, New Pacific held working capital of $37.76 million, positioning it to advance its development activities.
The company made substantial progress on the Carangas project subsequent to the fiscal year-end. It signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the project area. These contracts are a critical step toward securing the mining rights and will now be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval. This milestone underscores the company's continued collaboration with the Bolivian government and its commitment to responsible development.
In addition, New Pacific filed an updated preliminary economic assessment (PEA) for the Carangas project, which outlines robust economics. The PEA reports 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 stated base-case metal prices. The assessment details 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 figures highlight the project's potential to generate substantial long-term value for shareholders and contribute to Bolivia's mining sector.
The Carangas project is one of two permitting-stage precious metals projects in Bolivia that New Pacific is advancing. The other, the Silver Sand project in Potosí, has the potential to become one of the world's largest silver mines. Together, these projects strengthen the company's portfolio through scale, robust economics, and regional exploration potential. With nearly a decade of operating experience in Bolivia, New Pacific has established strong relationships with stakeholders and shareholders, which is crucial for navigating the permitting and development process.
Investors and stakeholders can access the full press release for more detailed information on the financial results and project updates. The latest news and updates regarding New Pacific Metals are available on the company's newsroom at http://ibn.fm/NEWP.
The successful execution of the mining contracts and the positive economic assessment for Carangas represent significant de-risking milestones for New Pacific. These developments not only validate the project's viability but also demonstrate the company's ability to advance its assets in a challenging jurisdiction. As the company moves toward final approvals and potential construction, the focus will remain on delivering value to shareholders while maintaining high standards of environmental and social responsibility.
