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, and provided an update on the advancement of 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 year. As of June 30, 2026, the company held working capital of $37.76 million.
The most significant developments occurred after the fiscal year-end. New Pacific signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the Carangas Project. These contracts are a crucial step toward securing the mineral rights needed for the project's development and will be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval.
In addition, the company filed an updated preliminary economic assessment (PEA) for Carangas. The PEA outlines 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% at the stated base-case metal prices. The assessment projects 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 robust economic indicators underscore the project's potential to become a significant silver-gold producer.
The Carangas project is one of two permitting-stage precious metals projects in Bolivia that New Pacific is advancing. The other is the Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines. The company's experience in Bolivia, spanning nearly a decade, has helped it build strong relationships with stakeholders and shareholders.
The financial results and project advancements come at a time when the company is positioning itself for growth. The working capital of $37.76 million provides a solid foundation to continue development activities. The signing of the mining contracts and the updated PEA are pivotal milestones that could de-risk the project and attract further investment.
Investors and stakeholders interested in the full details of the press release can view it at https://ibn.fm/j1PNI. For the latest news and updates on New Pacific Metals, visit the company's newsroom at http://ibn.fm/NEWP.
The company's progress is a positive sign for the mining sector in Bolivia and for precious metals investors. The Carangas project's strong economic metrics suggest it could generate substantial returns over its projected mine life. As the project moves through the permitting and approval processes, it will be important to monitor regulatory developments and any potential impacts on the timeline and costs.
