Welcome to our dedicated page for New Pac Metals news (Ticker: NEWP), a resource for investors and traders seeking the latest updates and insights on New Pac Metals stock.
New Pacific Metals Corp. (NEWP) is a Canadian exploration and development company with three precious metal projects in Bolivia: the Silver Sand silver project, the Carangas silver-gold project, and the Silverstrike silver-gold project. The news associated with NEWP focuses on how these projects advance through exploration, technical studies, permitting, financing, and community engagement.
Company news releases, many of which are furnished to the SEC on Form 6-K, cover topics such as progress updates on Silver Sand and Carangas, including drilling campaigns, mineral resource estimates, and a Preliminary Economic Assessment for Carangas prepared under National Instrument 43-101. Investors can also follow updates on environmental categorization, judicial protections against illegal mining at Silver Sand, and the status of prior consultation and framework agreement negotiations with local communities.
Financial and corporate news for New Pacific includes quarterly and annual financial results, details of capitalized exploration expenditures at each project, and information on bought deal equity financings. The company reports the use of proceeds for exploration and development at Carangas and Silver Sand, as well as for working capital and general corporate purposes. News items also describe changes in executive leadership, annual general meeting voting results, and the filing of base shelf prospectuses and related U.S. registration statements that provide flexibility for future financings.
Because New Pacific’s projects are in Bolivia and its shares trade on both the NYSE American and the TSX, NEWP news often combines operational, regulatory, and capital markets developments. Readers interested in NEWP can use this news feed to follow exploration milestones, project de-risking steps, financing transactions, and governance updates that the company discloses through its official press releases and regulatory filings.
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New Pacific Metals Corp. (TSX: NUAG, NYSE American: NEWP) announced assay results from the final 29 drill holes of its 2022 program at the Carangas Silver-Gold Project in Bolivia. All 115 holes drilled in 2022 have now been reported. Notable results include deep holes showing a gold interval of 306.95 m grading 1.2 g/t Au and 26 g/t Ag. Shallow holes confirmed near-surface silver mineralization, with significant intervals of up to 110.15 m grading 136 g/t Ag. The Company is nearing completion of a 15,000 m drill program, with resource estimation expected in Q2 2023. Additionally, an expanded IP survey revealed multiple chargeability anomalies, indicating further drill targets beyond the current drilling area.
New Pacific Metals Corp. (NYSE American: NEWP) announced updates on its three precious metal projects in Bolivia as of March 15, 2023. The Silver Sand Project is progressing with plans to complete a pre-feasibility study and secure an Environmental Impact Statement from the Bolivian Ministry. The Carangas Project is on schedule for a 15,000-meter drill program by March's end, with the first mineral resource estimate expected by mid-2023. However, exploration at the Silverstrike Project has been paused to prioritize Silver Sand and Carangas. A preliminary economic assessment reported a post-tax NPV of US$726 million for Silver Sand, alongside a 39% IRR, indicating strong economic viability.
New Pacific Metals Corp. (NEWP) has announced significant drill results from hole DCAr0096 at the Carangas Silver-Gold Project in Bolivia. Assay results reveal a substantial silver horizon with intervals of 94 g/t Ag and a notable gold zone with 524 m grading 1.24 g/t Au and 8 g/t Ag. The findings indicate high-grade gold associated with rhyolite intrusions, extending mineralization 60 m northeast from previous drilling. A total of 86 out of 115 holes drilled in 2022 have been analyzed, with future drilling planned to further explore gold mineralization. The company emphasizes stringent QA/QC protocols for the exploration program.
New Pacific Metals Corp. (NYSE American: NEWP) announced the filing of an independent Preliminary Economic Assessment (PEA) for its Silver Sand project in Potosi, Bolivia, effective November 30, 2022. The assessment, prepared under NI 43-101 standards, suggests a post-tax Net Present Value (NPV) of US$726 million and an Internal Rate of Return (IRR) of 39% based on a projected silver production of 171 million ounces over 14 years. The report involves several Qualified Persons from AMC Mining Consultants and Halyard Inc. and is accessible on SEDAR, EDGAR, and the company’s website.
New Pacific Metals Corp. (NYSE American: NEWP) reported its financial results for Q2 FY2023, ending December 31, 2022. The company posted a net loss of $1.87 million ($0.01 per share), compared to a loss of $1.30 million in the same quarter the previous year. Major highlights include a preliminary economic assessment (PEA) for the Silver Sand Project, indicating a net present value (NPV) of $726 million and an internal return rate (IRR) of 39%. Working capital stood at $14.4 million, enabling continued exploration of key projects. Operating expenses increased to $1.93 million from $1.36 million year-over-year.
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