Curated News
By: NewsRamp Editorial Staff
May 14, 2026
New Pacific Metals Reports Q1 Loss, Advances Carangas Project
TLDR
- New Pacific Metals (NUAG, NEWP) advances two major silver projects in Bolivia, targeting a top global silver mine position.
- New Pacific reported a $0.87M net loss, $39.28M working capital, and $119.48M mineral property balances, progressing Carangas project with community framework agreement.
- New Pacific's community agreement with Carangas supports long-term cooperation and shared benefits from the Silver-Gold project in Bolivia.
- New Pacific's Silver Sand project in Potosí has potential to become one of the world's largest silver mines.
Impact - Why it Matters
This news matters because New Pacific Metals is advancing two significant precious metals projects in Bolivia, including the potentially world-class Silver Sand mine. The framework agreement with the Carangas community signals progress toward permitting, which could unlock substantial value for shareholders and contribute to global silver supply. Investors should monitor the company's ability to navigate regulatory and community relations to realize project potential.
Summary
New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has reported a net loss of $0.87 million for the quarter ending March 31, 2026, nearly flat compared to the prior year, while maintaining a working capital of $39.28 million. The company's total mineral property balances reached $119.48 million, reflecting continued investment across its project portfolio. Notably, New Pacific signed a framework agreement with the Carangas community in February, supporting long-term cooperation on the Carangas Silver-Gold project, which is a key step in advancing its permitting-stage assets in Bolivia.
New Pacific is a Canadian exploration and development company focused on two precious metals projects in Bolivia: the Silver Sand project in Potosí, which has the potential to become one of the world’s largest silver mines, and the Carangas Silver–Gold Project in Oruro. The Carangas project strengthens the company’s portfolio through scale, robust economics, and regional exploration potential. With over a decade of operating experience in Bolivia, New Pacific has earned stakeholder confidence. The company is headquartered in Vancouver, British Columbia, and trades on both the Canadian Securities Exchange under “NUAG” and the New York Stock Exchange under “NEWP”. For the latest news and updates, visit the company’s newsroom at http://ibn.fm/NEWP.
The press release was disseminated via InvestorWire, a specialized communications platform under the IBN Dynamic Brand Portfolio. InvestorWire offers advanced wire-grade press release syndication, editorial syndication to 5,000+ outlets, enhanced press release services, social media distribution, and tailored corporate communications solutions. IBN is dedicated to providing clients with unparalleled brand awareness and recognition. The full press release can be accessed at https://ibn.fm/DtRoy.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, New Pacific Metals Reports Q1 Loss, Advances Carangas Project
