New Pacific Metals Reports Fiscal 2026 Results and Advances Carangas Project with Strong Economics

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 progress 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. As of June 30, New Pacific held working capital of $37.76 million, positioning it to continue advancing its development-stage assets.

The most consequential development came after the fiscal year-end, when New Pacific signed 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the Carangas Project. These contracts will now be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval, a critical step toward securing the project's mineral rights and moving it closer to production.

In tandem, the company filed an updated preliminary economic assessment (PEA) for Carangas, which underscores the project's robust economics. The PEA 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 mine plan envisions a 19-year life, excluding two years of pre-production, with initial capital costs estimated at $644.5 million and a post-tax payback period of just 2.4 years. These figures highlight the potential scale and profitability of the Carangas project, which is expected to be a cornerstone of New Pacific's growth.

The Carangas project, located in the Oruro department of Bolivia, is one of two permitting-stage precious metals projects in the company's portfolio. The other, the Silver Sand project in Potosí, has the potential to become one of the world's largest silver mines. Together, these assets give New Pacific a strong foothold in Bolivia's mining sector, where the company has operated for nearly a decade, earning the trust of local stakeholders and shareholders.

The financial results reflect the company's ongoing investment in advancing its projects. The net losses are typical for development-stage miners, but the healthy working capital position and the progress on Carangas suggest that New Pacific is well-funded to reach key milestones. The signed mining contracts and the strong PEA results are particularly important because they de-risk the project and provide a clearer path to financing and construction.

For investors, the significance of these announcements lies in the validation of Carangas's economic viability and the progress toward securing its legal framework. The updated PEA demonstrates that the project can deliver substantial returns even in a conservative metal price environment, making it an attractive asset for potential partners and financiers. The next major hurdle is legislative approval of the mining contracts, which, if granted, would mark a significant derisking event.

New Pacific's focus on Bolivia is strategic, given the country's rich mineral endowment and the company's established presence. With the Carangas PEA showing a post-tax NPV of $2.65 billion and an IRR of 35.9%, the project stands out as one of the more compelling silver-gold development stories in the region. The company's ability to navigate the permitting process will be crucial in the coming months.

As New Pacific moves forward, it will need to secure additional funding to cover the initial capital costs outlined in the PEA, but the strong economics and the potential for strategic partnerships or project financing could mitigate this challenge. The company's management has expressed confidence in the Carangas project, and the latest developments provide tangible evidence of progress.

In summary, New Pacific Metals' fiscal 2026 results and the advancements at Carangas represent a pivotal moment for the company. The signed mining contracts and the robust PEA numbers signal that the project is on track to become a significant silver-gold producer. Investors and industry observers will be watching closely for the outcome of the legislative review, which could unlock substantial value for shareholders.