New Pac Metals Stock Price, News & Analysis

New Pacific Metals (NYSE: NEWP) announced key executive changes as CEO Andrew Williams will step down effective April 15. The company has appointed CFO Jalen Yuan as interim CEO, while Financial Controller Chester Xie will serve as interim CFO.

Yuan, who has served as CFO for 10 years, brings extensive knowledge of the company's Bolivian operations, ensuring continuity during the transition period. The Board of Directors acknowledged Williams' leadership over the past two years, during which he strengthened the company's strategic position in Bolivia.

The company will conduct a comprehensive search for a permanent CEO while maintaining focus on maximizing stakeholder value from its Bolivian assets.

New Pacific Metals (TSX: NUAG, NYSE: NEWP) has outlined its 2025 operational plans for Bolivia. The company, with approximately $18 million in cash and an $8 million budget for 2025, is focusing on advancing permitting for its two major silver projects: Silver Sand and Carangas.

At Silver Sand, the company is working to secure surface rights through land lease agreements, while addressing challenges from illegal miners. For the Carangas Project, the company plans to convert its Exploration License into an Administrative Mining Contract, following a successful Consulta Previa process.

The company has deferred high-cost activities, including a 20,000-meter drill program and feasibility study, until permitting progress advances. Based on technical studies from 2024, the projects have potential to produce nearly 19 million ounces of silver annually.

New Pacific Metals reported financial results for Q4 2024, showing improved performance with reduced losses. Net loss for the three and six months ended December 31, 2024, was $0.74M and $2.00M ($0.00 and $0.01 per share), compared to $1.52M and $3.27M losses in the same periods of 2023.

Operating expenses decreased to $1.59M and $3.20M for the three and six-month periods. The company maintained a strong financial position with working capital of $17.63M. Project expenditures continued across three main projects: Silver Sand ($0.42M), Carangas ($0.39M), and Silverstrike ($0.01M) for the quarter.

Notable improvements include foreign exchange gains of $0.64M and $0.74M for the three and six months, respectively, significantly higher than 2023 figures. Total capitalized project value reached $114.65M by December 31, 2024.

New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) held its annual general meeting (AGM) with 76.37% shareholder participation, representing 130,978,159 common shares. All proposed matters were approved by majority vote. Seven directors were elected with strong approval rates ranging from 94.45% to 99.73%. Shareholders also approved the re-appointment of Deloitte LLP as the company's auditors.

New Pacific Metals (TSX: NUAG) (NYSE-A: NEWP) has filed an independent Preliminary Economic Assessment (PEA) technical report for its Carangas Silver-Gold-Lead-Zinc Project in Bolivia's Oruro Department. The PEA Technical Report, effective September 5, 2024, was prepared by RPMGlobal in compliance with NI 43-101 standards. The report is available on the company's website and SEDAR+, with no material differences from the information previously released on October 1, 2024.

New Pacific Metals Corp. (NEWP) has filed its fiscal 2024 annual report on Form 40-F with the U.S. Securities and Exchange Commission (SEC). The Form 40-F includes the company's fiscal 2024 annual audited financial statements, management's discussion and analysis, and annual information form. These documents are now available on the company's website and the SEC's website. New Pacific is also offering printed copies of these documents free of charge to its securityholders upon written request.

New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) has announced the filing of an independent Pre-Feasibility Study (PFS) technical report for its Silver Sand project in Potosi, Bolivia. The PFS Technical Report, effective June 19, 2024, complies with NI 43-101 standards. Qualified persons from AMC Mining Consultants, Halyard Inc., NewFields Canada Mining & Environment ULC, and BBA Engineering contributed to the report. The technical report is now available on SEDAR+, EDGAR, and the company's website.

New Pacific Metals (NYSE-A: NEWP) announced results from its pre-feasibility study (PFS) for the Silver Sand project in Bolivia. Key highlights include a post-tax net present value (NPV) of $740 million and an internal rate of return (IRR) of 37% at a silver price of $24/oz. The study projects a 13-year mine life producing 157 million ounces (Moz) of silver, with annual production exceeding 15 Moz in the first three years and a life-of-mine (LOM) average of 12 Moz annually.

Initial capital costs are estimated at $358 million, with a post-tax payback period of 1.9 years. The average LOM all-in sustaining cost (AISC) is projected at $10.69/oz. The project is expected to be a high-grade, low-cost silver producer. Future steps include securing surface rights and community agreements.

Economic sensitivity analysis shows robust project economics at various silver prices, with NPV and IRR remaining attractive even with increases in operating and capital costs. The company also faces challenges from illegal miners but is taking legal action and engaging with local communities to resolve these issues.

New Pacific Metals Corp. reports a net loss of $1.27 million for the three months ended March 31, 2024, with a working capital of $23.67 million. The company's financial results show a decrease in operating expenses and an increase in net income from investments. Project expenditures for the Silver Sand, Carangas, and Silverstrike projects are detailed in the press release.