Vancouver – September 08, 2026 -- New Pacific Metals Corp. posted a fiscal 2026 net loss of $4.19 million, or $0.02 per share, up from $3.76 million a year earlier, as the company advanced permitting on its Carangas Silver-Gold Project in Bolivia and released an updated economic assessment showing a post-tax net present value of $2.65 billion.
Updated PEA pegs Carangas at $2.65 billion NPV and 35.9% IRR
The Updated Carangas PEA Technical Report, prepared by Ausenco Engineering Canada ULC. and effective July 16, 2026, models a 19-year mine life producing roughly 195 million ounces of payable silver, 1.1 million ounces of gold, 1,453 million pounds of zinc and 941 million pounds of lead — 339 million ounces of silver equivalent in total. The assessment, based on metal prices of $45.00/oz silver and $3,400/oz gold, projects initial capital costs of $644.5 million and a post-tax payback period of 2.4 years, an increase in throughput and inclusion of the gold zone versus the September 2024 study.
Bolivia signs 30-year mining contracts covering 39 km2 at Carangas
On August 21, 2026, New Pacific signed Administrative Mining Contracts with Bolivia's AJAM authority covering approximately 39 km2 of the Carangas Project for a fixed 30-year term. The contracts now require ratification by Bolivia's Plurinational Legislative Assembly before taking full effect. The company had earlier signed a framework cooperation agreement with the Carangas community on February 23, 2026, setting terms for local engagement on the project.
Company raised CAD $40.4 million and installed new CEO, CFO
New Pacific closed a bought deal financing on October 21, 2025, selling 11,385,000 common shares at CAD $3.55 each for gross proceeds of approximately CAD $40.4 million ($28.8 million), with Raymond James Ltd. as sole bookrunner alongside BMO Nesbitt Burns Inc. Two days later, the company confirmed Jalen Yuan as CEO and Chester Xie as CFO, formalizing roles both had held on an interim basis since April 2025.
Working capital stood at $37.76 million as project spending increased
Fiscal 2026 operating expenses totaled $5.95 million, roughly flat against $5.98 million a year prior, while investment income rose to $1.01 million from $0.79 million. Foreign exchange gains fell to $0.77 million from $1.41 million. Capitalized expenditure at Carangas reached $1.71 million for the year, up from $1.47 million, while spending at the Silver Sand project rose to $2.71 million from $1.55 million. The Silverstrike project saw $0.08 million in capitalized costs, compared with $0.06 million a year earlier.
Company flags Bolivian social unrest as a risk to project timelines
New Pacific noted that Bolivia has recently experienced social unrest, including protests and blockades that prompted a government-declared state of emergency, and that its projects have previously faced disruption from illegal artisanal mining activity. The PEA also identifies that roughly 1.85% of the mineral resources included in the economic analysis sit on state-held concessions in the southern portion of the planned pit that New Pacific does not currently control, with no certainty a mining agreement for those concessions will be secured.