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. (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.
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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