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 advancements 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 $4.19 million, or $0.02 per share, for the full fiscal year. As of June 30, New Pacific held working capital of $37.76 million, providing a solid foundation to continue development activities.
The most notable progress came after the fiscal year-end, when the company signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the Carangas Project. These contracts are now subject to ratification by the Plurinational Legislative Assembly of Bolivia, a critical step toward securing the project's mineral rights. In parallel, New Pacific filed an updated preliminary economic assessment (PEA) for Carangas, which outlines robust 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 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 developments underscore New Pacific's commitment to advancing its portfolio of precious metals projects in Bolivia. The Carangas project, located in Oruro, is one of two permitting-stage projects the company is advancing, the other being the Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines. With nearly a decade of operating experience in Bolivia, New Pacific has built strong relationships with stakeholders and shareholders, positioning itself as a key player in the region's mining sector.
The updated PEA for Carangas highlights the project's scale and economic viability, which could significantly enhance New Pacific's future production profile. The company's focus on advancing Carangas through the permitting and approval process is a positive indicator for its long-term growth strategy. Investors and industry observers will be watching closely as the Bolivian legislative process unfolds and as the company continues to de-risk the project.
For more detailed information on the fiscal 2026 results and the Carangas PEA, interested parties can view the full press release at https://ibn.fm/j1PNI. Additionally, the latest news and updates regarding New Pacific Metals are available in the company's newsroom at http://ibn.fm/NEWP.
