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New Pacific Metals Corp. reports developments for a Canadian exploration and development company focused on precious metals projects in Bolivia. Its recurring updates center on the Silver Sand silver project in Potosí and the Carangas silver-gold project in Oruro, including permitting activity, community agreements, project work plans, mineral-property spending and Bolivian mining context.
The company also reports interim financial results, bought deal financing activity, annual shareholder meeting results, board and executive appointments, and other governance matters. Its common shares trade on the TSX under NUAG and on the NYSE American under NEWP.
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.
New Pacific Metals Corp. reports positive results of its metallurgical test program for the Silver Sand project in Bolivia. The tests show high silvery recovery rates, low cyanide consumption, and potential for recovery enhancement. The company remains on track to deliver the Preliminary Feasibility Study results in June, with metallurgical properties exceeding expectations and potential for reduced operating costs.
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