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, while also providing an update 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 fiscal year. As of June 30, 2026, New Pacific maintained a working capital of $37.76 million, providing a solid foundation for ongoing project development.
The most significant development came after the fiscal year-end, as the company 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, marking a critical step toward securing the project's mineral rights. This milestone follows the company's filing of an updated preliminary economic assessment (PEA) for Carangas, which outlines robust economics.
The updated PEA presents 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 envisions 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 just 2.4 years. These figures underscore the project's potential to become a significant low-cost silver-gold producer.
The Carangas project is one of two advanced precious metals projects in Bolivia for New Pacific, alongside the Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines. The company's strategic focus on Bolivia, where it has nearly a decade of operating experience, has earned the confidence of stakeholders and shareholders alike. The positive PEA results and the advancement of mining contracts represent crucial progress in de-risking the project and moving it toward development.
Investors can find the full press release at https://ibn.fm/j1PNI for more details. Additionally, the latest news and updates on New Pacific Metals are available in the company's newsroom at http://ibn.fm/NEWP. This announcement is important because it not only provides financial clarity but also signals tangible progress in the permitting and economic viability of the Carangas project, which could significantly contribute to the company's future growth and value.
