New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has released its financial results for the third quarter of fiscal 2026, showing 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. The company maintained a solid working capital position of $39.28 million as of quarter-end, reflecting its financial stability as it advances its precious metals projects in Bolivia.
The company highlighted a significant development in February: a framework agreement signed with the Carangas community to support long-term cooperation on the Carangas Silver-Gold project. This agreement is a key step forward for the project, which is located in Oruro, Bolivia, and is part of New Pacific's portfolio of permitting stage precious metals assets. The company continues to invest across its project portfolio, with total mineral property balances reaching $119.48 million.
New Pacific is a Canadian exploration and development company advancing two major precious metals projects in Bolivia. Its Silver Sand project in Potosí has the potential to become one of the world's largest silver mines. The Carangas Silver-Gold project in Oruro strengthens the company's portfolio through its scale, robust economics, and regional exploration potential. With over a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders.
The company is headquartered in Vancouver, British Columbia, and its shares trade on the Canadian Securities Exchange under the symbol “NUAG” and on the New York Stock Exchange under the symbol “NEWP”. Investors can find the latest news and updates relating to NEWP in the company’s newsroom at http://ibn.fm/NEWP.
The third-quarter financial results underscore New Pacific's disciplined approach to capital management while advancing its projects. The working capital of $39.28 million provides a cushion for ongoing exploration and development activities. The framework agreement with the Carangas community is particularly noteworthy as it establishes a cooperative framework that could facilitate permitting and long-term operations, de-risking the project for investors.
For the broader industry, New Pacific's progress in Bolivia highlights the country's potential as a significant mining jurisdiction for precious metals. The Silver Sand project alone could position Bolivia as a major silver producer, while the Carangas project adds gold exposure, diversifying the company's commodity mix. This is important for the silver and gold markets, as new supply sources are needed to meet growing demand from industrial applications and investment.
Investors should monitor New Pacific's progress on permitting and community relations, as these are critical milestones for the company. The strong working capital position suggests the company can fund its near-term obligations without dilutive financing, which is positive for existing shareholders. However, the net loss indicates that the company is still in the development phase, and profitability will depend on successful project execution and metal prices.
For more information on New Pacific Metals, visit https://ibn.fm/DtRoy for the full press release.
