New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announced its financial results for the third quarter of fiscal 2026, reporting a net loss attributable to equity holders of $0.87 million for the three months ended March 31, 2026, compared to $0.86 million in the same period last year. The company maintained a strong working capital position of $39.28 million as of quarter-end, underscoring its financial stability amid ongoing project development in Bolivia.
A key development during the quarter was the signing of a framework agreement with the Carangas community in February, supporting long-term cooperation on the Carangas Silver-Gold project. This agreement represents a significant step forward in advancing the project, which is part of New Pacific's portfolio of precious metals assets. The company continues to invest across its project portfolio, with total mineral property balances reaching $119.48 million.
New Pacific is a Canadian exploration and development company focused on two permitting-stage precious metals projects in Bolivia. The Silver Sand project in Potosí has the potential to become one of the world's largest silver mines, while 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's shares trade on the Canadian Securities Exchange under the symbol "NUAG" and on the New York Stock Exchange under the symbol "NEWP". For more information, visit the company's newsroom at http://ibn.fm/NEWP.
This announcement highlights New Pacific's continued progress in advancing its projects while maintaining a solid financial foundation. The framework agreement with the Carangas community is particularly noteworthy as it paves the way for sustainable development and community engagement, which are critical for mining projects in Bolivia.
Investors should note that the company's working capital position provides a buffer for continued exploration and development activities. The increase in mineral property balances reflects ongoing investment in the company's assets, signaling confidence in the long-term value of its projects.
For further details, the full press release is available at https://ibn.fm/DtRoy.