Key Highlights
- New Pacific signed 30-year mining contracts for the 39 km² Carangas Silver-Gold Project, pending ratification.
- An updated preliminary economic assessment for Carangas outlined a post-tax NPV (5%) of US$2.65 billion.
- The company reported a US$1.42 million quarterly net loss and US$35.94 million working capital.
New Pacific Metals Corp. reported financial results for the three months ended September 30, 2026, and provided updates on permitting and an updated preliminary economic assessment for its Carangas Silver-Gold Project in Bolivia. The company said all figures are in US dollars unless otherwise stated.
The company posted a net loss attributable to equity holders of US$1.42 million, or US$0.01 per share, compared with a net loss of US$0.75 million, or US$0.00 per share, in the same quarter a year earlier. New Pacific reported working capital of US$35.94 million as of September 30, 2026.
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Carangas mining contracts and updated economic study
New Pacific said that on August 21, 2026, it signed Administrative Mining Contracts (AMCs) for the Carangas project through its Bolivian partner with the Autoridad Jurisdiccional Administrativa Minera (Administrative Mining Jurisdictional Authority, or AJAM). The AMCs cover about 39 km² and have a 30-year fixed term. The signed contracts are to be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval.
Based on its existing agreement with its Bolivian partner, New Pacific said it owns a 98% economic interest in the Carangas project.
On August 14, 2026, the company filed an updated independent preliminary economic assessment technical report for Carangas titled “Carangas Project NI 43-101 Technical Report and Preliminary Economic Assessment.” The report is effective July 16, 2026 and was prepared by Ausenco Engineering Canada ULC in accordance with National Instrument 43-101 standards.
According to the company, the updated assessment reflects an increased throughput rate and the inclusion of the gold zone compared with its previous preliminary economic assessment technical report dated September 5, 2024. The company highlighted a post-tax net present value (NPV) at a 5% discount rate of US$2.65 billion and an internal rate of return (IRR) of 35.9% at base-case metal prices, along with initial capital costs of US$644.5 million and a post-tax payback period of 2.4 years. It also described a 19-year life of mine (excluding two years of pre-production) and payable production estimates including 195 million ounces of silver and 1.1 million ounces of gold.
The company cautioned that the preliminary economic assessment results are preliminary, include assumptions, and are based on both indicated and inferred mineral resources, with no certainty the results will be achieved or realized.
Quarterly financial and project spending details
New Pacific reported operating expenses of US$1.44 million for the quarter, compared with US$1.32 million a year earlier. Income from investments was US$0.32 million versus US$0.11 million, and the company recorded a foreign exchange loss of US$0.29 million compared with a foreign exchange gain of US$0.46 million in the prior-year quarter.
For capitalized project expenditures during the quarter, New Pacific reported US$0.44 million at Silver Sand, US$0.92 million at Carangas, and US$0.01 million at Silverstrike.
New Pacific described itself as a Canadian exploration and development company advancing two permitting-stage precious metals projects in Bolivia: the Silver Sand project in Potosí and the Carangas Silver–Gold project in Oruro.
The original press release is available on stockhouse.com
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