New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) reported a net loss of $0.75 million, or $0.00 per share, for the three months ended Sept. 30, 2025, compared with a net loss of $1.26 million, or $0.01 per share, in the same period last year. The reduced loss reflects lower operating expenses and a foreign exchange gain, underscoring the company's disciplined financial management as it advances its precious metal projects in Bolivia.
The company closed a bought deal financing on Oct. 21, 2025, selling 11,385,000 common shares at CAD $3.55 per share for total gross proceeds of approximately CAD $40.4 million (US$28.8 million). Raymond James Ltd. acted as sole bookrunner and co-lead with BMO Nesbitt Burns Inc. The proceeds are expected to fund exploration and development of the company's flagship Silver Sand project and other assets, positioning New Pacific to capitalize on growing silver demand.
On Oct. 23, 2025, New Pacific appointed Jalen Yuan as CEO and Chester Xie as CFO, with Yuan also joining the board of directors. These leadership changes signal a strategic shift as the company moves toward development. Yuan brings extensive experience in mining finance and operations, while Xie's expertise in financial management is expected to strengthen the company's fiscal discipline.
As of Sept. 30, 2025, the company reported working capital of $14.88 million, operating expenses of $1.32 million, investment income of $0.11 million, and a foreign exchange gain of $0.46 million. The strong cash position and reduced burn rate provide a solid foundation for advancing the Silver Sand and Carangas projects.
The full press release is available at https://ibn.fm/vDDUQ. For the latest news and updates on New Pacific Metals, visit the company's newsroom at http://ibn.fm/NEWP.
