Curated News
By: NewsRamp Editorial Staff
September 04, 2026
New Pacific Metals Reports Fiscal Results and Advances Carangas Project
TLDR
- New Pacific Metals reports 35.9% IRR and $2.65B NPV for Carangas, signaling strong upside for investors.
- New Pacific Metals signed 30-year mining contracts for 39 sq km and filed an updated PEA with detailed financials.
- New Pacific Metals' Bolivian projects aim to boost local economies and secure long-term community benefits.
- New Pacific's Carangas project boasts a 19-year mine life and post-tax payback in just 2.4 years.
Impact - Why it Matters
This news matters because New Pacific Metals' progress on the Carangas project in Bolivia represents a significant step toward developing one of the world's most promising silver-gold deposits. The updated preliminary economic assessment shows robust economics with a post-tax NPV of $2.65 billion and an IRR of 35.9%, indicating strong potential returns for investors. The signing of 30-year mining contracts and the project's advancement could lead to major economic benefits for Bolivia and position New Pacific as a key player in the global silver market. For investors, this development offers a glimpse into a potentially lucrative opportunity in precious metals, which are often seen as a hedge against inflation and economic uncertainty. Moreover, the company's solid working capital and strategic focus on Bolivia, a country with vast mineral wealth, underscores its potential for long-term growth and value creation.
Summary
New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP), a Canadian exploration and development company, has reported its financial results for the fiscal year ended June 30, 2026, alongside significant progress at its Carangas Silver-Gold Project in Bolivia. The company posted 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 year. Despite the losses, New Pacific maintains a healthy working capital of $37.76 million as of June 30, positioning it to advance its key projects.
Subsequent to fiscal year-end, the company took a major step forward by signing 30-year Administrative Mining Contracts covering approximately 39 square kilometers of the Carangas Project. These contracts are now pending ratification by Bolivia's Plurinational Legislative Assembly. Additionally, New Pacific filed an updated preliminary economic assessment (PEA) for Carangas, which outlines robust economics: a post-tax net present value (NPV) at a 5% discount rate of $2.65 billion, an internal rate of return (IRR) of 35.9%, a 19-year mine life (excluding two years of pre-production), initial capital costs of $644.5 million, and a post-tax payback period of just 2.4 years. This assessment underscores the project's potential to become a significant silver and gold producer.
New Pacific is advancing two permitting-stage precious metals projects in Bolivia: the Silver Sand project in Potosí, which has the potential to be one of the world's largest silver mines, and the Carangas Silver-Gold project in Oruro, which enhances the company's portfolio with scale and strong economics. With nearly a decade of operating experience in Bolivia, New Pacific has built strong stakeholder trust. The company's latest updates are available in its newsroom at http://ibn.fm/NEWP. For the full press release, visit https://ibn.fm/j1PNI. This news has been disseminated by Rocks & Stocks, a platform that delivers insights into the mining industry and is part of the Dynamic Brand Portfolio at IBN.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, New Pacific Metals Reports Fiscal Results and Advances Carangas Project
