New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has released its financial results for the fiscal year ended June 30, 2026, while also providing updates 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. Despite the losses, the company maintains a working capital of $37.76 million as of the fiscal year-end, positioning it to continue advancing its key projects.
The most significant development came after the fiscal year-end, when New Pacific signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the Carangas Project. These contracts are now set to be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval, a crucial step toward securing the project's long-term mineral rights. This move underscores the company's commitment to operating in Bolivia and its progress in obtaining the necessary permits to move the project forward.
In addition to the permitting milestone, New Pacific filed an updated preliminary economic assessment (PEA) for Carangas, which outlines a robust financial outlook. The assessment 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 PEA envisions a 19-year mine life, excluding two years of pre-production, with initial capital costs estimated at $644.5 million. The post-tax payback period is projected at 2.4 years, indicating a relatively quick return on investment once production begins.
These figures highlight the economic potential of the Carangas project, which is expected to become a significant source of silver and gold production. The project is part of New Pacific's broader portfolio in Bolivia, which also includes the Silver Sand project in Potosí, considered one of the world's largest undeveloped silver deposits. The company has been operating in Bolivia for nearly a decade, building trust with stakeholders and shareholders through its commitment to responsible development.
The financial results and project advancements come at a time when the global demand for silver and gold remains strong, driven by industrial uses and investment demand. New Pacific's focus on advancing Carangas through the permitting process is a positive signal for the company's future, as it moves closer to becoming a producer. The company's strategy of de-risking its projects through thorough assessments and securing necessary permits is likely to attract further investor interest.
For more details on the full press release, interested parties can visit https://ibn.fm/j1PNI. Updates and news regarding New Pacific Metals are also available in the company's newsroom at http://ibn.fm/NEWP.
The positive trajectory of New Pacific Metals, combined with the promising economics of the Carangas project, positions the company to potentially become a major player in the silver and gold mining sector. As the permitting process advances and the project moves closer to development, the company's ability to execute on its plans will be closely watched by investors and industry analysts alike.
