New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) recently reported 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 posted 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, the company had working capital of $37.76 million, which positions it to continue advancing its projects.
The most significant development came after the fiscal year-end when New Pacific signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the Carangas Project. These contracts are a critical step towards securing the mining rights and will be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval. This move underscores the company's long-term commitment to the region and its ability to navigate the regulatory landscape.
In tandem with the contract signing, New Pacific filed an updated preliminary economic assessment (PEA) for Carangas, which 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 PEA envisions 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 metrics highlight the project's economic viability and potential to generate significant returns for shareholders.
The Carangas 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 strengthen the company's portfolio through 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, as evidenced by its continued progress.
The announcement of the signed mining contracts and the updated PEA is a clear signal of the company's strategic execution. The strong financial metrics from the PEA, including a high IRR and relatively short payback period, underscore the potential value creation for investors. As the company moves forward with the ratification process and continues to develop its projects, it is well-positioned to capitalize on the growing demand for silver and gold.
Investors and stakeholders can view the full press release for more details at https://ibn.fm/j1PNI. For the latest news and updates on New Pacific Metals, visit the company's newsroom at http://ibm.fm/NEWP.
