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. Despite these losses, New Pacific maintains a solid working capital position of $37.76 million as of June 30, providing a foundation for ongoing development activities.
The most notable progress comes from the Carangas project, where New Pacific has signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers. These contracts, which are now submitted to the Plurinational Legislative Assembly of Bolivia for ratification, represent a crucial step toward securing the project's long-term operational framework. This development underscores the company's commitment to advancing its portfolio in Bolivia, a country with significant mineral wealth but also regulatory complexities.
In conjunction with the contract signing, New Pacific filed an updated preliminary economic assessment (PEA) for Carangas, which 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 base-case metal prices. The PEA envisions 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 robust economic indicators highlight the project's potential to become a significant contributor to the company's growth and to Bolivia's mining sector.
The Carangas Silver-Gold Project, located in Oruro, is one of two permitting-stage precious metals projects New Pacific is advancing in Bolivia. 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, positioning itself as a key player in the country's mining landscape.
The implications of these developments are significant for New Pacific and the broader mining industry. The updated PEA demonstrates Carangas' strong economic viability, even at current metal prices, and the signing of mining contracts moves the project closer to production. For investors, this news provides clarity on the project's potential value and the company's ability to navigate regulatory hurdles. Moreover, the successful advancement of Carangas could pave the way for further investment in Bolivia's mining sector, which has historically faced challenges in permitting and community relations.
As New Pacific continues to progress its projects, the focus remains on delivering value to shareholders while fostering sustainable development in the regions where it operates. The company's financial discipline and strategic project management are evident in its ability to maintain a healthy balance sheet while advancing major initiatives. With the Carangas project on a clear path toward development and the Silver Sand project also advancing, New Pacific is well-positioned to capitalize on the growing demand for silver and gold in the years ahead.
