New Pacific Metals Reports Fiscal Q3 Loss, Highlights Community Agreement for Carangas Project
New Pacific Metals reported a net loss of $0.87 million for the fiscal 2026 third quarter while maintaining a strong working capital position of $39.28 million, and signed a framework agreement with the Carangas community to advance its Silver-Gold project in Bolivia.
New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) reported a net loss attributable to equity holders of $0.87 million for the three months ended March 31, 2026, compared with $0.86 million in the prior-year period, according to the company's fiscal 2026 third-quarter financial results. Despite the marginal increase in loss, the company maintained a strong working capital position of $39.28 million as of quarter-end, underscoring its financial stability as it advances its precious metals projects in Bolivia.
The company highlighted a framework agreement signed with the Carangas community in February, supporting long-term cooperation on the Carangas Silver-Gold project. This agreement is a critical step in the permitting and development process, as community support is essential for mining projects in Bolivia. The Carangas project, located in Oruro, is one of New Pacific's two flagship assets, alongside the Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines.
New Pacific continues to invest across its project portfolio, with total mineral property balances reaching $119.48 million. This investment demonstrates the company's commitment to advancing both projects through the permitting stage. With over a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders, positioning itself as a key player in the country's mining sector.
The company's financial results and operational progress are significant for investors monitoring the precious metals space. The Carangas community agreement de-risks the project to some extent, while the strong working capital provides a buffer for continued exploration and development activities. The full press release is available at https://ibn.fm/DtRoy.
For the latest news and updates relating to NEWP, interested parties can visit the company's newsroom at http://ibn.fm/NEWP.