New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has reported its financial results for the three months and fiscal year ended June 30, 2026, while also providing an update on 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. Despite the losses, New Pacific maintains a solid financial position with working capital of $37.76 million as of June 30.
The significance of this announcement extends beyond the financial figures. Subsequent to the fiscal year-end, New Pacific achieved a major permitting milestone by signing 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the Carangas Project. These contracts are now submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval, marking a crucial step toward securing the project's long-term tenure. This development underscores the company's ability to navigate the regulatory environment in Bolivia, where it has nearly a decade of operating experience.
Furthermore, New Pacific filed an updated preliminary economic assessment (PEA) for Carangas, which outlines robust project 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 of $644.5 million and a post-tax payback period of 2.4 years. These figures highlight the project's potential to deliver substantial returns and position the company as a significant player in the precious metals sector.
The Carangas project is one of two permitting-stage 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 New Pacific's portfolio through scale, robust economics, and regional exploration potential. The company's commitment to Bolivia is evident in its long-standing presence and stakeholder confidence.
Investors and industry observers view this announcement as a positive indicator of New Pacific's strategic progress. The combination of financial stability, permitting advancements, and strong economic projections for Carangas suggests that the company is well-positioned to unlock significant value. As the Carangas project moves closer to development, it could contribute meaningfully to Bolivia's mining sector and the global supply of silver and gold. For more information on New Pacific Metals, visit the company's newsroom at http://ibn.fm/NEWP.
