New Pacific Metals Outlines Carangas Project Potential in Fiscal 2026

The company’s updated preliminary economic assessment, finalized in July, projects a 19-year mine life with a post-tax net present value of $2.65 billion. This technical report, prepared by Ausenco Engineering Canada, hinges on a throughput increase that incorporates the site’s gold zone, estimating a post-tax internal rate of return of 35.9%. Despite these figures, management faces a complex regulatory path; the newly signed contracts require ratification by the Plurinational Legislative Assembly of Bolivia, and portions of the planned pit design currently overlap with state-held concessions.

Financial operations saw a net loss of $0.02 per share for the year, largely offset by $37.76 million in working capital as of June 30. The firm continues to manage significant risks, including potential social instability and illegal mining activity in the region. Since October 2025, the company has operated under a new leadership team, featuring CEO Jalen Yuan and CFO Chester Xie, who took the helm following interim tenures. Exploration expenditures remain focused on the Silver Sand and Carangas projects, totaling over $120 million in capitalized costs across the portfolio to date.