New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) reported financial results for the first quarter of fiscal 2027, ended Sept. 30, 2026, including a net loss attributable to equity holders of $1.42 million, or $0.01 per share, compared with a net loss of $750,000, or $0.00 per share, in the prior-year period. The company reported working capital of $35.94 million as of Sept. 30, 2026, with quarterly operating expenses of $1.44 million, investment income of $320,000 and a foreign exchange loss of $290,000. Capitalized project expenditures totaled approximately $1.37 million across its Silver Sand, Carangas and Silverstrike projects during the quarter.
The results come as New Pacific advances its Carangas Silver-Gold Project in Bolivia, where its local partner signed 30-year administrative mining contracts covering approximately 39 square kilometers, pending legislative ratification. The company holds a 98% economic interest in the project and filed an updated preliminary economic assessment in August 2026 outlining a post-tax net present value of $2.65 billion at a 5% discount rate, an internal rate of return of 35.9% and a projected 19-year mine life. The assessment estimates initial capital costs of $644.5 million and a post-tax payback period of 2.4 years, based on specified metal price assumptions.
The signing of the long-term administrative mining contracts represents a significant de-risking milestone for Carangas, as it provides a legal framework for development over three decades, subject to legislative ratification. The updated PEA underscores the project's potential scale and economics, with a multi-billion-dollar net present value and a relatively short payback period that could enhance the company's ability to attract project financing. For investors, the combination of a strong working capital position of nearly $36 million and continued investment in its project portfolio suggests New Pacific is well-funded to pursue permitting and development activities.
New Pacific is a Canadian exploration and development company advancing two permitting-stage precious metals projects in Bolivia. Its Silver Sand project in Potosí has the potential to become one of the world's largest silver mines. The Carangas Silver–Gold project in Oruro strengthens the company's portfolio through scale, robust economics, and regional exploration potential. With near a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders. The latest news and updates relating to NEWP are available in the company's newsroom at http://ibn.fm/NEWP.
For a deeper look at the company's quarterly performance and project developments, the full press release is available at https://ibn.fm/qmyCy. The announcement was disseminated through MissionIR, a communications platform that is part of the Dynamic Brand Portfolio at IBN, which provides wire distribution via InvestorWire and other services. The Carangas contracts and PEA are likely to be key catalysts as New Pacific moves toward permitting and potential development, with the company's near-term focus on legislative ratification and continued exploration across its Bolivian assets.
