New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has reported its financial results for the fiscal year ended June 30, 2026, and provided an update on its Carangas Silver-Gold Project in Bolivia. The company posted a net loss attributable to equity holders of $990,000, or $0.01 per share, for the fourth quarter, and $4.19 million, or $0.02 per share, for the full year. Despite the losses, the company ended the fiscal year with working capital of $37.76 million, positioning it to continue advancing its portfolio of precious metals projects.
Subsequent to the fiscal year-end, New Pacific achieved significant milestones at the Carangas Project. The company signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the project area. These contracts are a critical step toward securing the mineral rights and will now be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval. This development underscores the company's commitment to operating within the regulatory framework and strengthens its social license to operate.
In addition, New Pacific filed an updated preliminary economic assessment (PEA) for Carangas. The PEA outlines a robust project with 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 base-case metal prices. The assessment envisions a 19-year mine life, excluding a two-year pre-production period, with initial capital costs estimated at $644.5 million. The post-tax payback period is projected at 2.4 years, highlighting the project's potential for rapid capital recovery.
The Carangas Silver-Gold Project is one of two permitting-stage precious metals projects in Bolivia that New Pacific is advancing. The other, the Silver Sand project in Potosí, has the potential to become one of the world's largest silver mines. Together, these projects form a strong portfolio that leverages the company's near a decade of operating experience in Bolivia. The company's ability to navigate the regulatory environment and build stakeholder confidence is reflected in these achievements.
The updated PEA for Carangas demonstrates the project's scale and economic viability, which is crucial for attracting investment and securing necessary approvals. The positive economic indicators, combined with the signing of mining contracts, signal meaningful progress in the development of the project. For investors, these updates provide a clearer picture of the company's growth prospects and its ability to execute on its strategic objectives.
New Pacific's focus on advancing its projects in Bolivia aligns with the growing global demand for silver and gold, driven by industrial applications and investment demand. The company's progress on Carangas, in particular, could contribute to meeting that demand while creating value for shareholders. As the company moves forward with legislative approval and potential financing, the coming months will be pivotal in determining the project's trajectory.
The full press release detailing these results is available at https://ibn.fm/j1PNI. For more information about New Pacific Metals, visit their newsroom at http://ibm.fm/NEWP.
