Quarterly ResultMay 18, 2026, 06:07 AM
New Pacific Q3 Net Loss $0.87M; Signs Carangas Project Agreement
AI Summary
New Pacific Metals Corp. reported a net loss of $0.87 million for the three months ended March 31, 2026, a slight increase from $0.86 million in the prior year period. For the nine months, the net loss rose to $3.20 million from $2.86 million. The company also announced a Framework Agreement with the Carangas community for the Carangas Silver-Gold project, emphasizing transparency and mutual benefits. As of March 31, 2026, New Pacific maintained working capital of $39.28 million.
Key Highlights
- Net loss for Q3 2026 was $0.87 million ($0.0 per share), compared to $0.86 million in Q3 2025.
- Net loss for the nine months ended March 31, 2026, was $3.20 million ($0.02 per share).
- Signed a Framework Agreement with TIOC Carangas for the Carangas Silver-Gold project on February 23, 2026.
- Working capital stood at $39.28 million as of March 31, 2026.
- Operating expenses for Q3 2026 were $1.58 million, up from $1.40 million in Q3 2025.
- Capitalized expenditures for the Silver Sand project were $0.73 million in Q3 2026.
- Capitalized expenditures for the Carangas project were $0.56 million in Q3 2026.
Price Impact
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