STOCK TITAN

New Pacific Metals posts $4.2M FY 2026 loss

New Pacific Metals widened its annual net loss while continuing to capitalize exploration and development spending on its Bolivian silver and silver-gold projects.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

NEW PACIFIC METALS CORP (NEWP) reported small but continuing losses while increasing investment in its Bolivian projects for the three months and year ended June 30, 2026. Net loss attributable to equity holders was $0.99 million for the quarter and $4.19 million for the year, compared with $0.89 million and $3.76 million a year earlier.

The company continued to capitalize exploration and development spending at its three key projects. As of June 30, 2026, capitalized project costs totaled $120.68 million, including $92.76 million at the Silver Sand project, $22.88 million at the Carangas project and $5.04 million at the Silverstrike project. Fiscal 2026 capitalized expenditures were $2.71 million at Silver Sand, $1.71 million at Carangas and $0.08 million at Silverstrike.

New Pacific describes itself as an exploration and development company advancing two permitting-stage precious metals projects in Bolivia and notes that the Updated Carangas Preliminary Economic Assessment is based on Indicated and Inferred Mineral Resources, which do not have demonstrated economic viability. The company highlights political and social risks in Bolivia, including recent social unrest and prior disruptions from illegal artisanal mining, which could affect permitting, construction schedules and operating costs.

Positive

  • None.

Negative

  • Net loss increased to $4.19 million for fiscal 2026 from $3.76 million in 2025, indicating higher annual losses as the company remains in the exploration and development stage without demonstrated economic viability at its key projects.

Filing Explained

The PEA's economics include about 1.85% of resources on Bolivian concessions unavailable today, making an agreement a stated dependency for the pit design.

As a Form 6-K, this interim report supplies material information from a foreign private issuer. The company reports completed results for the quarter and year ended June 30, 2026, while continuing to capitalize exploration expenditures on its projects rather than disclosing a completed mine or financing.

For the quarter, the company capitalized $0.80 million at Silver Sand, $0.75 million at Carangas and $0.02 million at Silverstrike.

The Carangas PEA's deeper-gold-zone pit design requires waste stripping on southern concessions held by Bolivia that are not currently available for tenure; those concessions represent approximately 1.85% of the mineral resources included in the economic analysis.

The company says it is working to obtain the concessions, but there is no certainty that they will be obtained or that an acceptable mining agreement will be signed; failure could require reevaluation of the pit design and the PEA outcome.

Net loss (quarter) $0.99 million Net loss attributable to equity holders for the three months ended June 30, 2026
Net loss (prior-year quarter) $0.89 million Net loss for the three months ended June 30, 2025
Net loss (fiscal 2026) $4.19 million Net loss attributable to equity holders for the year ended June 30, 2026
Net loss (fiscal 2025) $3.76 million Net loss for the year ended June 30, 2025
Capitalized project costs total $120.68 million Total capitalized costs for Silver Sand, Carangas, and Silverstrike as of June 30, 2026
Silver Sand capitalized balance $92.76 million Capitalized costs at Silver Sand project as of June 30, 2026
Carangas capitalized balance $22.88 million Capitalized costs at Carangas project as of June 30, 2026
Silverstrike capitalized balance $5.04 million Capitalized costs at Silverstrike project as of June 30, 2026
Preliminary Economic Assessment technical
"The results of the Updated Carangas PEA Technical Report are preliminary in nature"
A preliminary economic assessment is an initial analysis that estimates the potential profitability and feasibility of a project or resource, such as a new mineral deposit or development venture. It provides a rough idea of costs, benefits, and risks, helping investors decide whether to pursue more detailed studies. This early evaluation is important because it offers a snapshot of whether the project is worth further investment and development.
Inferred Mineral Resources technical
"is based on both Indicated and Inferred Mineral Resources"
An inferred mineral resource is an estimate of the quantity and grade of minerals in the ground based on limited sampling and geological information, where confidence is low and continuity is uncertain. For investors it signals potential value but also higher risk—like a rough sketch of a hidden treasure that requires much more exploration and testing before you can reliably judge its size or economic worth.
Mineral Reserves technical
"Inferred resources are considered too speculative... to be categorized as Mineral Reserves"
Mineral reserves are the amounts of a metal or mineral that a company has identified and can legally and economically extract with current technology. Think of it like the usable fuel in a car’s tank rather than all the oil in the ground; reserves determine how long a mine can produce, help estimate future revenue and costs, and shape a company’s value and investment risk.
cut-off grade technical
"and Cut-off grade of 30 g/t AgEq"
The cut-off grade is the minimum concentration of a mineral in rock that makes extraction and processing economically worthwhile; material below that level is treated as waste. It sets the boundary between ore and waste and directly affects reported reserves, projected mine life, and expected profits. Think of it like deciding which fruit on a tree is worth picking after accounting for the time and cost to harvest — raising or lowering that threshold can change how much “good” product a project appears to have.
state of emergency regulatory
"blockades that led to a government-declared state of emergency"
A state of emergency is an official government declaration that allows authorities to use special powers and change normal rules to respond to a crisis, such as natural disasters, public health threats, or civil unrest. For investors it matters because those powers can alter business operations, supply chains, travel, trade and legal protections—like a landlord temporarily changing building rules during a major problem—affecting revenue, costs and market confidence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were NEWP’s net losses for the year ended June 30, 2026?

New Pacific Metals reported a net loss of $4.19 million, or $0.02 per share, for the year ended June 30, 2026, compared with a net loss of $3.76 million, or $0.02 per share, for the prior year.

How did NEWP perform in the quarter ended June 30, 2026?

For the three months ended June 30, 2026, New Pacific Metals recorded a net loss of $0.99 million, or $0.01 per share, compared with a net loss of $0.89 million, or $0.01 per share, in the same quarter of 2025.

How much has NEWP capitalized on its Silver Sand, Carangas, and Silverstrike projects?

As of June 30, 2026, capitalized costs totaled $92.76 million for Silver Sand, $22.88 million for Carangas, and $5.04 million for Silverstrike, for a combined project investment of $120.68 million.

What were NEWP’s fiscal 2026 capitalized expenditures by project?

For the year ended June 30, 2026, New Pacific Metals capitalized $2.71 million at Silver Sand, $1.71 million at Carangas, and $0.08 million at Silverstrike.

What stage are NEWP’s main projects in Bolivia?

New Pacific describes Silver Sand and Carangas as permitting stage precious metals projects in Bolivia and notes that the Updated Carangas Preliminary Economic Assessment is based on Indicated and Inferred Mineral Resources without demonstrated economic viability.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For the month of September, 2026

Commission File No. 001-40381

NEW PACIFIC METALS CORP.
(Translation of registrant's name into English)

 

Suite 1750 - 1066 W. Hastings Street

Vancouver BC, Canada V6E 3X1

(Address of principal executive office)

[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F]

Form 20-F [ ]  Form 40-F  [ X ]

 

 

  

 
 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Dated: September 3, 2026 NEW PACIFIC METALS CORP.
   
   
  /s/ Jonathan Hoyles
  Jonathan Hoyles
  General Counsel & Corporate Secretary

 

 

 

  

 

 

 
 

EXHIBIT INDEX

 

EXHIBIT   DESCRIPTION OF EXHIBIT
     
99.1   News Release dated September 3, 2026

 

Exhibit 99.1

  

NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED JUNE 30, 2026

VANCOUVER, BC, Sept. 3, 2026 /CNW/ - New Pacific Metals Corp. ("New Pacific" or the "Company") reports its financial results for the three months and year ended June 30, 2026. All figures are expressed in US dollars unless otherwise stated.

FISCAL 2026 HIGHLIGHTS

On August 21, 2026, the Company signed the Administrative Mining Contracts ("AMCs") for its Carangas Silver-Gold Project (the "Carangas Project") with the Autoridad Jurisdiccional Administrativa Minera (Administrative Mining Jurisdictional Authority, or "AJAM"). The AMCs, which cover the approximately 39 km2 of the Carangas Project, have a 30-year fixed term. The signed AMCs will now be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval.
On August 14, 2026, the Company filed an updated independent preliminary economic assessment technical report for its Carangas Project titled "Carangas Project NI 43-101 Technical Report and Preliminary Economic Assessment" (the "Updated Carangas PEA Technical Report"). The Updated Carangas PEA Technical Report is effective July 16, 2026 and was independently prepared by Ausenco Engineering Canada ULC. ("Ausenco") in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Updated Carangas PEA Technical Report considers an increased throughput rate and the inclusion of the gold zone when compared to the previous preliminary economic assessment technical report dated September 5, 2024. See "Cautionary Note Regarding Results of Preliminary Economic Assessment". Highlights of the Updated Carangas PEA Technical Report are as follows:
Post-tax net present value ("NPV") (5%) of $2.65 billion and internal rate of return ("IRR") of 35.9% at base case metal prices of: $45.00/ounce ("oz") silver ("Ag"), $3,400/oz gold ("Au"), $1.20/pound ("lb") zinc ("Zn"), and $0.90/lb lead ("Pb");
19-year life of mine ("LOM"), excluding two-years of pre-production, producing approximately 195 million oz ("Moz") of payable Ag, 1.1 Moz of payable Au, 1,453 million pounds ("Mlbs") of payable Zn and 941 Mlbs of payable Pb, or 339.0 Moz silver equivalent ("AgEq"); and
Initial capital costs of $644.5 million and a post-tax payback of 2.4 years.
On February 23, 2026, the Company signed a Framework Agreement for Cooperation and Coordination (the "Agreement") with the Carangas community ("TIOC Carangas") in respect to the Carangas Project. The Agreement establishes a general framework of understanding and commitment between the Company and TIOC Carangas that reflects the shared intention to develop the Carangas Project based on transparency, fairness, mutual benefits, mutual respect, and long-term cooperation.
On October 21, 2025, the Company closed a bought deal financing. A total of 11,385,000 common shares of the Company were sold under the bought deal financing at a price of CAD $3.55 (approximately $2.53) per common share for total gross proceeds of approximately CAD $40.4 million (approximately $28.8 million). Raymond James Ltd. acted as sole bookrunner, and the Offering was co-led by Raymond James Ltd. and BMO Nesbitt Burns Inc. on behalf of a syndicate of underwriters.
On October 23, 2025, the Company appointed Mr. Jalen Yuan as Chief Executive Officer ("CEO") and Mr. Chester Xie as Chief Financial Officer ("CFO"). Mr. Yuan has also been appointed to the Company's board of directors. This announcement follows the appointments of Mr. Yuan and Mr. Xie as Interim CEO and Interim CFO, respectively, in April 2025.

FINANCIAL RESULTS

Net loss attributable to equity holders of the Company for the three months and year ended June 30, 2026 was $0.99 million or $0.01 per share and $4.19 million or $0.02 per share, respectively (the three months and year ended June 30, 2025 - net loss of $0.89 million or $0.01 per share and $3.76 million or $0.02 per share, respectively). The Company's financial results were mainly impacted by the following items:

Working Capital: As of June 30, 2026, the Company had working capital of $37.76 million.
Operating expenses for the three months and year ended June 30, 2026 were $1.59 million and $5.95 million, respectively (the three months and year ended June 30, 2025  - $1.42 million and $5.98 million, respectively).
Income from investments for the three months and year ended June 30, 2026 were $0.30 million and $1.01 million, respectively (the three months and year ended June 30, 2025  - $0.13 million and $0.79 million).
Loss on disposal of plant and equipment for the three months and year ended June 30, 2026 were $nil and $0.02 million (the three months and year ended June 30, 2025  - $nil and $nil, respectively).
Foreign exchange gain for the three months and year ended June 30, 2026 was $0.30 million and $0.77 million, respectively (the three months and year ended June 30, 2025  - $0.39 million and $1.41 million, respectively).

PROJECT EXPENDITURE

The following schedule summarized the expenditure incurred by category for each of the Company's projects for relevant periods:

Cost Silver Sand Carangas Silverstrike Total
Balance, June 30, 2024 $                      88,977,334 $                      19,854,042 $                        4,934,555 $                    113,765,931
Capitalized exploration expenditures        
Reporting and assessment 94,894 190,352 - 285,246
Drilling and assaying 342 6,763 5,125 12,230
Project management and support 1,155,235 889,034 37,828 2,082,097
Camp service 179,873 295,804 17,033 492,710
Permit and license 12,606 47,818 - 60,424
Value added tax not claimed 109,086 44,020 2,046 155,152
Foreign currency impact 51,499 26,018 3,058 80,575
Balance, June 30, 2025 $                      90,580,869 $                      21,353,851 $                        4,999,645 $                    116,934,365
Capitalized exploration expenditures        
Reporting and assessment 765 519,339 - 520,104
Drilling and assaying 11,014 8,919 589 20,522
Project management and support 1,610,799 958,627 55,006 2,624,432
Camp service 899,749 154,812 19,458 1,074,019
Permit and license 6,359 42,203 - 48,562
Value added tax not claimed 176,952 21,178 965 199,095
Foreign currency impact (527,807) (181,714) (36,361) (745,882)
Balance, June 30, 2026 $                      92,758,700 $                      22,877,215 $                        5,039,302 $                    120,675,217

SILVER SAND PROJECT

For the three months and year ended June 30, 2026, total expenditures of $0.80 million and $2.71 million, respectively (three months and year ended June 30, 2025  - $0.32 million and $1.55 million, respectively) were capitalized under the project.

CARANGAS PROJECT

For the three months and year ended June 30, 2026, total expenditures of $0.75 million and $1.71 million, respectively (the three months and year ended June 30, 2025  - $0.32 million and $1.47 million, respectively)  were capitalized under the project.

SILVERSTRIKE PROJECT

For the three months and year ended June 30, 2026, total expenditures of $0.02 million and $0.08 million, respectively (the three months and year ended June 30, 2025  - $0.02 million and $0.06 million, respectively)  were capitalized under the project.

MANAGEMENT DISCUSSION AND ANALYSIS

This news release should be read in conjunction with the Company's management discussion and analysis (the "MD&A") and the audited consolidated financial statements and notes thereto for the corresponding period, which have been filed with the Canadian Securities Administrators and are available under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov and on the Company's website at www.newpacificmetals.com.

ABOUT NEW PACIFIC

New Pacific is a Canadian exploration and development company advancing two permitting stage precious metals projects in Bolivia. Its Silver Sand project in Potosí has the potential to become one of the world's largest silver mines. The Carangas Silver-Gold Project in Oruro strengthens the Company's portfolio through scale, robust economics, and regional exploration potential. With over a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders. The Company is headquartered in Vancouver, British Columbia, and its shares trade on the Canadian Securities Exchange under the symbol "NUAG" and on the New York Stock Exchange under the symbol "NEWP".

For further information, please contact:

Peter Lekich, VP Investor Relations
New Pacific Metals Corp. Phone: (604) 633-1368 Ext. 223
1750 - 1066 Hastings Street, Vancouver, BC V6E 3X1, Canada
U.S. & Canada toll-free: 1 (877) 631-0593
E-mail: invest@newpacificmetals.com
For additional information and to receive the Company news by e-mail, please register using New Pacific's website at www.newpacificmetals.com.

CAUTIONARY NOTE REGARDING RESULTS OF PRELIMINARY ECONOMIC ASSESSMENT

The results of the Updated Carangas PEA Technical Report are preliminary in nature and are intended to provide an initial assessment of the Carangas Project's economic potential and development options. The Updated Carangas PEA Technical Report mine schedule and economic assessment includes numerous assumptions and is based on both Indicated and Inferred Mineral Resources. Inferred resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the preliminary economic assessments described herein will be achieved or that the Updated Carangas PEA Technical Report results will be realized. The estimate of Mineral Resources may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. Bolivia has recently experienced significant social unrest, including protests and blockades that led to a government-declared state of emergency. The Company's projects have also previously been affected by illegal artisanal and small-scale mining activity, which resulted in disruption to operations. Such political and social instability could adversely affect the assumptions underlying the Updated Carangas PEA Technical Report, including anticipated permitting timelines, construction schedules, and operating costs. Mineral resources are not Mineral Reserves and do not have demonstrated economic viability. Additional exploration will be required to potentially upgrade the classification of the Inferred Mineral Resources to be considered in future advanced studies.  The pit design for the deeper gold zone requires mining of waste (waste stripping) on Mining Concessions in the southern portion of the planned open pit that do not belong to the Company. These concessions include approximately 1.85% of the mineral resources that have been included in the economic analysis for the Updated Carangas PEA Technical Report. These Concessions are held by the state of Bolivia and are not currently available for tenure. Although the Company is actively working with the Bolivian government to obtain them, there is no certainty that such concessions will be obtained or that a mining agreement will be entered into on acceptable terms. Failure to obtain such concessions, or to enter into a mining agreement on them could cause the Company to reevaluate the pit design and the outcome of the Updated Carangas PEA Technical Report. Ausenco Engineering Canada ULC ("Ausenco") (Processing Plant, Infrastructure, Tailings, Water Management, Environment, Cost Estimate) was contracted to prepare the PEA in cooperation with SLR Canada (minerals resources), Moose Mountain Technical Services (mining), and JJ Metallurgical Services (Metallurgy). The qualified persons for the Updated Carangas PEA Technical Report are Mr. Anderson Candido, FAusIMM, Principal Geologist with SLR Mr. Jinxing Ji, P.Eng., Metallurgist with JJ Metallurgical Services, Mr. Kevin Murray, P.Eng., Principle Process Engineer with Ausenco, Mr. Scott Elfen, PE, SME, and Global Technical Lead (Geotechnical) with Ausenco, Mr. James Millard, P. Geo., Director, Strategic Projects with Ausenco, and Mr. Marc Schulte, P.Eng., Mining Engineer with Moose Mountain Technical Services. All qualified persons for the Updated Carangas PEA Technical Report have reviewed and verified the disclosure of the Updated Carangas PEA Technical Report herein. The mineral resource estimate contained in the Updated Carangas PEA Technical Report is based on the Carangas MRE  with an effective date of August 25, 2023, with a re-statement on March 31, 2026. Mineral Resources are constrained by an optimized pit shell at a metal price of $41.00/oz Ag, $3,300.00/oz Au, $1.00/lb Pb, $1.30/lb Zn, $4.00/lb Cu, recovery of 81.6% Ag, 93.4% Au, 73.4% Pb, 66.9% Zn, 38.7% Cu and Cut-off grade of 30 g/t AgEq. Assumptions made to derive a cut-off grade included mining costs, processing costs, and recoveries were obtained from comparable industry situations.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical facts relating to the Company, certain information contained herein constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws (collectively, "forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "goals", "forecast", "budget", "potential" or variations thereof and other similar words, or statements that certain events or conditions "may", "could", "would", "might", "will" or "can" occur. Forward-looking statements include, but are not limited to: statements regarding the Company's financial results and the results of the Updated Carangas PEA Technical Report.

Forward-looking statements are based on a number of estimates, assumptions, beliefs, expectations and opinions of management on the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include fluctuating equity prices, bond prices and commodity prices; calculation of resources, reserves and mineralization; general economic conditions; foreign exchange risks; interest rate risk; foreign investment risk; loss of key personnel; conflicts of interest; dependence on management; uncertainties relating to the availability and costs of financing needed in the future; environmental risks; operations and political conditions; the regulatory environment in Bolivia and Canada; risks associated with community relations and corporate social responsibility; and other factors described in the MD&A, under the heading "Risk Factors", in the Company's most recent annual information form and its other public filings. The foregoing is not an exhaustive list of the factors that may affect any of the Company's forward-looking statements or information.

The forward-looking statements are necessarily based on a number of estimates, assumptions, beliefs, expectations and opinions of management as of the date of this news release that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates, assumptions, beliefs, expectations and opinions include, but are not limited to, those related to the Company's ability to carry on current and future operations, including: development and exploration activities; the timing, extent, duration and economic viability of such operations; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company's ability to meet or achieve estimates, projections and forecasts; the stabilization of the political climate in Bolivia; the availability and cost of inputs; the price and market for outputs; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits, including the ratification and approval of the Mining Production Contract with Corporación Minera de Bolivia by the Plurinational Legislative Assembly of Bolivia; the ability of the Company's Bolivian partner to convert the exploration licenses at the Company's Carangas project to Administrative Mining Contract; the ability of the Company to obtain national recognition of its Carangas project's proposed "State of Necessity" designation; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.

Although the forward-looking statements contained in this news release are based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. All forward-looking statements in this news release are qualified by these cautionary statements. Accordingly, readers should not place undue reliance on such statements. Other than specifically required by applicable laws, the Company is under no obligation and expressly disclaims any such obligation to update or alter the forward-looking statements whether as a result of new information, future events or otherwise except as may be required by law. These forward-looking statements are made as of the date of this news release.

CAUTIONARY NOTE TO UNITED STATES INVESTORS

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada which differ from the requirements of United States securities laws. All mining terms used herein but not otherwise defined have the meanings set forth in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Unless otherwise indicated, the technical and scientific disclosure herein has been prepared in accordance with NI 43-101, which differs significantly from the requirements adopted by the United States Securities and Exchange Commission.

Accordingly, information contained in this news release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Additional information relating to the Company, including the Company's annual information form, can be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Company's website at www.newpacificmetals.com.

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SOURCE New Pacific Metals Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2026/03/c9260.html

%CIK: 0001369085

CO: New Pacific Metals Corp.

CNW 17:00e 03-SEP-26

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