New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has released its financial results for the three months and fiscal year ended June 30, 2026, alongside significant progress at 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 a net loss of $4.19 million, or $0.02 per share, for the full fiscal year. As of June 30, 2026, New Pacific held working capital of $37.76 million, positioning it to continue advancing its development projects.
The most notable developments come from the Carangas Project. Subsequent to the fiscal year-end, the company signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the project area. These contracts will be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval, a critical step in securing the project's long-term operational framework. This move underscores the company's commitment to navigating Bolivia's regulatory environment and strengthening its foothold in the region.
In addition to the contractual milestone, New Pacific filed an updated preliminary economic assessment (PEA) for Carangas. The assessment outlines a post-tax net present value (NPV) at a 5% discount rate of $2.65 billion, with an internal rate of return (IRR) of 35.9% at stated base-case metal prices. The PEA projects 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 robust economic indicators highlight the project's potential to deliver substantial value to shareholders and contribute to Bolivia's mining sector.
New Pacific Metals is a Canadian exploration and development company focused on advancing two permitting-stage precious metals projects in Bolivia. The Silver Sand project in Potosí has the potential to become one of the world's largest silver mines, while the Carangas Silver-Gold project in Oruro strengthens the company's portfolio through its scale, robust economics, and regional exploration potential. With nearly a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders, a testament to its operational expertise and community engagement.
The announcement of these results and project advancements comes at a time when the mining industry is increasingly focused on securing long-term supply of precious metals. Silver and gold remain critical components in various industrial applications, including electronics, solar panels, and medical devices. By advancing Carangas, New Pacific is positioning itself to play a significant role in meeting future demand, which could have positive implications for the global supply chain and for investors seeking exposure to the precious metals sector.
For investors, the updated PEA provides a clearer picture of Carangas's economic viability, potentially making New Pacific an attractive investment opportunity. However, the project's success hinges on the ratification of the mining contracts by Bolivia's legislative assembly. This regulatory step is essential for the project to move forward, and its outcome will be closely watched by industry analysts and stakeholders.
New Pacific's progress at Carangas also highlights the broader opportunities and challenges in Bolivia's mining sector. The country holds significant mineral reserves, but navigating its regulatory framework requires patience and strategic partnerships. New Pacific's ability to secure long-term contracts and advance its projects could serve as a model for other companies looking to operate in the region.
As the company continues to develop its projects, it remains committed to transparency and stakeholder engagement. The full press release with detailed financial and operational information is available at https://ibn.fm/j1PNI. For the latest news and updates on New Pacific Metals, interested parties can visit the company's newsroom at http://ibn.fm/NEWP.
In summary, New Pacific Metals' fiscal 2026 results and Carangas project advancements demonstrate its strategic focus on developing world-class precious metals assets in Bolivia. The combination of strong project economics and regulatory progress positions the company for potential growth, benefiting shareholders and the broader mining industry.
