Quarterly ResultMay 14, 2026, 06:08 AM
New Pacific Metals Q3 Net Loss $(874K); Cash $39.86M; Assets $160.77M
AI Summary
New Pacific Metals Corp. reported a net loss of $(874,886) for the three months ended March 31, 2026, and $(3,204,963) for the nine months ended March 31, 2026. Despite the losses, the company significantly increased its cash and cash equivalents to $39.86 million and total assets to $160.77 million. This growth was supported by a $27.01 million increase in share capital from a bought deal financing. Additionally, the company signed a Framework Agreement with the Carangas community for its Carangas Project.
Key Highlights
- Net loss for Q3 2026 was $(874,886) vs $(863,107) for Q3 2025.
- Net loss for YTD 2026 was $(3,204,963) vs $(2,886,774) for YTD 2025.
- Cash and cash equivalents increased to $39,863,639 at March 31, 2026 from $16,839,959 at June 30, 2025.
- Total assets increased to $160,770,821 at March 31, 2026 from $135,215,351 at June 30, 2025.
- Share capital increased by $27,009,239 from common shares issued through bought deal financing.
- Mineral property interests increased to $119,475,658 at March 31, 2026 from $116,934,365 at June 30, 2025.
- Income from investments for YTD 2026 was $711,286, up from $655,596 for YTD 2025.
- Signed a Framework Agreement for Cooperation and Coordination with the Carangas community on February 23, 2026.