New Pacific Metals Corp. has reported its financial and operational results for the year ended June 30, 2026, highlighting a transformative period marked by a major preliminary economic assessment upgrade and administrative contract execution for its Carangas project in Bolivia.

For the fiscal year ended June 30, 2026, the company recorded a net loss attributable to equity holders of $4.19 million, or $0.02 per share, compared to a net loss of $3.76 million, or $0.02 per share, for the previous fiscal year. Operating expenses for the 12-month period totalled $5.95 million, remaining closely aligned with the $5.98 million recorded in the prior financial year. For the three months ended June 30, 2026, net loss attributable to equity holders was $0.99 million, or $0.01 per share, compared to $0.89 million, or $0.01 per share, in the same period of fiscal 2025. As of June 30, 2026, New Pacific held working capital of $37.76 million.

Project expenditures continued to scale across the company's portfolio. Cumulative capitalized expenditures for the Carangas project reached $22.88 million by the end of June 2026, up from $21.35 million a year earlier. Meanwhile, cumulative capitalized spending at the flagship Silver Sand project rose to $92.76 million, compared to $90.58 million previously, while the Silverstrike project accounted for $5.04 million in cumulative expenditures.

The financial update follows a series of operational milestones for the Carangas silver-gold project located in the Oruro Department. New Pacific filed an independent preliminary economic assessment technical report for Carangas with an effective date of July 16, 2026. The updated study evaluated an increased throughput rate and the inclusion of an underlying gold zone, resulting in a post-tax net present value at a five percent discount rate of $2.65 billion and an internal rate of return of 35.9%, based on base case metal prices of $45.00 per ounce for silver, $3,400 per ounce for gold, $1.20 per pound for zinc, and $0.90 per pound for lead.

That performance marks a notable change from the previous preliminary economic assessment technical report dated September 5, 2024, which estimated a post-tax net present value of $501 million and an internal rate of return of 26% at lower base case prices. Initial capital costs in the updated study are estimated at $644.5 million, compared to $324 million in the 2024 assessment, with a post-tax payback period of 2.4 years. The updated life of mine has also been extended to 19 years—excluding two years of pre-production—and is projected to produce approximately 339.0 million ounces of silver equivalent, encompassing 195 million ounces of payable silver, 1.1 million ounces of payable gold, 1,453 million pounds of payable zinc, and 941 million pounds of payable lead. The previous assessment outlined a 16-year mine life producing approximately 106 million ounces of payable silver.

To support development, New Pacific signed 30-year fixed-term Administrative Mining Contracts covering the roughly 39-square-kilometre Carangas property with the Autoridad Jurisdiccional Administrativa Minera on August 21, 2026. Those contracts have been submitted to the Plurinational Legislative Assembly of Bolivia for official ratification and approval. Concurrently, the company scheduled its 2026 drilling campaign at the project to begin the week of September 8, 2026.

Read the full announcement: NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED JUNE 30, 2026