New Pacific Metals posts wider quarterly loss and updates Carangas silver-gold study

what happened

According to TradingView, New Pacific Metals reported a net loss of $1.42 million, or $0.01 per share, for the three months ended September 30, 2026, compared with a loss of $0.75 million a year earlier.

On August 21, 2026, the company, through its Bolivian partner, signed Administrative Mining Contracts with AJAM for its Carangas project. The contracts still need ratification by Bolivia's Plurinational Legislative Assembly.

An updated preliminary economic assessment dated July 16, 2026, prepared by Ausenco, shows a post-tax NPV at 5% of $2.65 billion and an IRR of 35.9% at base case metal prices. Initial capital costs are estimated at $644.5 million, with a post-tax payback of 2.4 years.

why it matters

The assessment relies on Inferred resources, which the company itself calls too speculative to be treated as reserves, and Bolivia's recent social unrest could affect permitting timelines and operating costs. For metals traders, the project is for now a long-dated bet on silver and gold prices rather than a near-term supply factor.

market impact

Silver and gold: a long-horizon project update with no immediate supply effect; matters mainly for the company's shares

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