New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) reported a net loss attributable to equity holders of $1.42 million, or $0.01 per share, for the first quarter of fiscal 2027 ended Sept. 30, 2026, compared with a net loss of $750,000, or $0.00 per share, in the prior-year period, according to New Pacific Metals (TSX: NUAG) (NYSE American: NEWP).
The quarterly result matters to investors because it arrives alongside a potentially transformative permitting milestone at the company's Carangas Silver-Gold Project in Bolivia. New Pacific 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 central development is at Carangas, where the company's local partner signed 30-year administrative mining contracts covering approximately 39 square kilometers, pending legislative ratification. New Pacific holds a 98% economic interest in the project. These contracts, if ratified, would provide the long-term administrative framework needed to move a major precious metals asset toward development, a step that could materially affect the company's path from explorer to producer.
In August 2026, the company filed an updated preliminary economic assessment for Carangas 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. Those figures underscore why the ratification process is significant: the economics hinge on the project advancing, and the contracts represent a key procedural gate.
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, while Carangas in Oruro strengthens the portfolio through scale, robust economics and regional exploration potential. The company notes nearly a decade of operating experience in Bolivia.
For readers tracking the precious metals sector, the combination of a modest quarterly loss, a $35.94 million working capital position and the Carangas contract milestone places New Pacific at a consequential juncture. The full press release is available at https://ibn.fm/qmyCy, and the latest news and updates relating to NEWP are available in the company's newsroom at http://ibn.fm/NEWP.
The announcement was disseminated on behalf of New Pacific Metals Corp. through MissionIR, a communications platform within the Dynamic Brand Portfolio at IBN that provides wire access via InvestorWire and editorial syndication to 5,000+ outlets, among other corporate communications solutions.
