New Pacific Metals (NYSE: NEWP) posts Q3 2026 results and project updates
Rhea-AI Filing Summary
New Pacific Metals Corp. reported financial results for the three and nine months ended March 31, 2026. Net loss attributable to equity holders was $0.87 million (or $0.0 per share) for the quarter and $3.20 million (or $0.02 per share) for the nine months, compared with a net loss of $0.86 million and $2.86 million in the same periods of 2025.
The company continued to invest in its Bolivian precious metals projects. Capitalized exploration expenditures increased project balances to $92.21 million at Silver Sand, $22.22 million at Carangas, and $5.04 million at Silverstrike as of March 31, 2026, reflecting ongoing reporting, project management, camp services, permitting and related costs.
Positive
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Negative
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Key Figures
Key Terms
capitalized exploration expenditures financial
forward-looking statements regulatory
NI 43-101 regulatory
Mining Production Contract regulatory
Administrative Mining Contract regulatory
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 May, 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: May 13, 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 May 13, 2026 |
Exhibit 99.1
NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2026
VANCOUVER, BC, May 13, 2026 /CNW/ - New Pacific Metals Corp. ("New Pacific" or the "Company") reports its financial results for the three and nine months ended March 31, 2026. All figures are expressed in US dollars unless otherwise stated.
FISCAL 2026 Q3 HIGHLIGHT
| • | 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 Silver-Gold project (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. |
FINANCIAL RESULTS
Net loss attributable to equity holders of the Company for the three and nine months ended March 31, 2026 was $0.87 million or $0.0 per share and $3.20 million or $0.02 per share, respectively (the three and nine months ended March 31, 2025 - net loss of $0.86 million or $0.01 per share and $2.86 million or $0.02 per share, respectively). The Company's financial results were mainly impacted by the following items:
| • | Working Capital: As of March 31, 2026, the Company had working capital of $39.28 million. |
| • | Operating expenses for the three and nine months ended March 31, 2026 were $1.58 million and $4.37 million, respectively (the three and nine months ended March 31, 2025 - $1.40 million and $4.56 million, respectively). |
| • | Income from investments for the three and nine months ended March 31, 2026 were $0.29 million and $0.71 million, respectively (the three and nine months ended March 31, 2025 - $0.22 million and $0.66 million). |
| • | Loss on disposal of plant and equipment for the three and nine months ended March 31, 2026 of $0.02 million (the three and nine months ended March 31, 2025 - $nil and $nil, respectively). |
| • | Foreign exchange gain for the three and nine months ended March 31, 2026 was $ 0.44 million and $0.47 million, respectively (the three and nine months ended March 31, 2025 - $0.28 million and $1.02 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 | 167,864 | - | 168,629 |
| Drilling and assaying | - | - | 589 | 589 |
| Project management and support | 1,161,287 | 631,835 | 39,427 | 1,832,549 |
| Camp service | 619,285 | 107,646 | 16,196 | 743,127 |
| Permit and license | 3,412 | 32,174 | - | 35,586 |
| Acquisition of mineral concessions | - | - | - | - |
| Value added tax not claimed | 124,754 | 15,361 | 965 | 141,080 |
| Foreign currency impact | (275,390) | (85,633) | (19,244) | (380,267) |
| Balance, March 31, 2026 | $ 92,214,982 | $ 22,223,098 | $ 5,037,578 | $ 119,475,658 |
SILVER SAND PROJECT
For the three and nine months ended March 31, 2026, total expenditures of $0.73 million and $1.91 million, respectively (three and nine months ended March 31, 2025 - $0.30 million and $1.23 million, respectively) were capitalized under the project.
CARANGAS PROJECT
For the three and nine months ended March 31, 2026, total expenditures of $0.56 million and $0.95 million, respectively (the three and nine months ended March 31, 2025 - $0.41 million and $1.16 million, respectively) were capitalized under the project.
SILVERSTRIKE PROJECT
For the three and nine months ended March 31, 2026, total expenditures of $0.01 million and $0.06 million, respectively (the three and nine months ended March 31, 2025 - $0.01 million and $0.05 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 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.
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.
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%CIK: 0001369085
CO: New Pacific Metals Corp.
CNW 17:10e 13-MAY-26