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.
New Pacific Metals Corp. has appointed Andrew Williams as President, effective immediately. Williams will manage corporate development initiatives and investor relations, while supporting project development and growth. He joins from Sun Valley Gold LLC, bringing over 15 years of mining investment experience. Williams plans to contribute significantly to the company's Silver Sand and Carangas projects in Bolivia. He will also invest C$250,000 in New Pacific shares at a 10% discount, with additional subscription from newly elected director Dickson Hall, totaling C$300,000. The share purchase is subject to Toronto Stock Exchange approval.
New Pacific Metals Corp. (NYSE: NEWP) announced assay results from four deep drill holes at its Carangas Silver-Gold Project in Bolivia. A total of 50,368 m was drilled in 2022, with results from 43 holes released. Notable intercepts include hole DCAr0094, with a 504.62 m gold interval grading 1.22 g/t Au and 13 g/t Ag. The company plans to drill an additional 15,000 m in Q1 2023 to expand gold mineralization and will conduct a resource estimate in Q2 2023. New Pacific's rigorous quality control measures ensure the reliability of the results, as verified by its qualified personnel.
New Pacific Metals Corp. has released a Preliminary Economic Assessment (PEA) for its 100% owned Silver Sand Project in Bolivia, showcasing robust economic indicators. The PEA highlights a pre-tax NPV of $1.1 billion at a silver price of $22.50/oz, with an impressive IRR of 52%. Over a 14-year mine life, the project is set to produce approximately 171 million ounces of silver, with initial capital costs estimated at $308 million. The study indicates a pathway to develop one of the world's largest silver mines, emphasizing significant benefits for stakeholders.
New Pacific Metals Corp. (NYSE American: NEWP) announced the results of its 2022 annual meeting of shareholders held on December 5, 2022. All matters presented were approved, with 121,349,139 shares (77.43%) represented. Notable outcomes included the election of directors: Dr. Rui Feng, Terry Salman, Martin Wafforn, Maria Tang, Dickson Hall, and Dr. Peter Megaw, each receiving over 99% approval. Deloitte LLP was re-appointed as auditors. The company welcomes new directors Dr. Megaw and Mr. Hall, while thanking outgoing directors Jack Austin and David Kong for their contributions.
New Pacific Metals Corp. has released an updated Mineral Resource Estimate for its Silver Sand Project in Bolivia, revealing significant findings. As of October 31, 2022, the estimated Measured and Indicated Mineral Resources increased by 30%, totaling 54.26 Mt at 116 g/t Ag for 201.77 Moz. The Preliminary Economic Assessment (PEA) is on track for completion in late 2022. The report highlights favorable mining conditions, with 95% of resources within 200 m of the surface, and strong metallurgical recovery rates. The exploration potential remains positive with known satellite mineral occurrences.
New Pacific Metals Corp. (NYSE American: NEWP) has filed a technical report titled Carangas Project Technical Report, effective June 16, 2022, as per NI 43-101 standards. This report is prepared by Donald J. Birak, a Qualified Person. The document is accessible on SEDAR, Edgar, and the company’s website. New Pacific is advancing its mineral projects in Bolivia, including a 40,000 m drill program at the Carangas Project and a 6,000 m discovery drill program at the Silverstrike Project. The company expects a Mineral Resource Estimate Update and PEA by the end of 2022.
New Pacific Metals Corp. (NYSE American: NEWP) announced significant assay results from its Carangas Silver-Gold Project in Bolivia. The drill program's findings revealed extensive gold mineralization beneath a shallow silver zone, with some intervals showing high-grade gold, including hole DCAr0049 reporting 591.85 m at 1.03 g/t Au. A total of 39,862 meters across 86 drill holes have been completed in 2022, with promising results indicating potential for further exploration. A geophysical survey correlating high gold tenors with chargeability anomalies will guide upcoming drilling efforts.
New Pacific Metals announced its financial results for the quarter ending September 30, 2022. The company reported a net loss of $2.09 million, up from $1.38 million in the prior year. Key operational highlights included significant drilling progress at the Silver Sand, Carangas, and Silverstrike projects, totaling over 57,000 m drilled. With working capital at $20.6 million, New Pacific is positioned to advance these exploration initiatives.
New Pacific Metals Corp. (NEWP) reported positive assay results from the second drill hole, DSSk0002, at the Silverstrike Project in Bolivia. This hole intersected 223.52 m grading 0.97 g/t gold and 4 g/t silver, including a notable interval of 3.98 m at 29.75 g/t gold and 23 g/t silver. In total, 10 holes have been drilled since June 2022, with assays for the remaining holes yet to be released. These findings extend a significant gold zone near the surface, indicating promising mineralization trends at Silverstrike.
New Pacific Metals Corp. (NEWP) reports assay results from 21 drill holes at its Carangas Silver-Gold Project in Bolivia, revealing significant near-surface silver mineralization. The drilling program, part of a 40,000 m initiative, has thus far completed 36,012 m across 76 holes, with assay results pending for 43 holes. Key highlights include a 163.04 m interval in hole DCAr0077 grading 109 g/t silver, among others. The project is anticipated to support an inaugural mineral resource estimate in 2023.
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