20268 releases
New Pacific Files Form 40-F Annual Report
New Pacific Metals filed its fiscal 2026 annual report on Form 40-F with the U.S. Securities and Exchange Commission on September 23, 2026. The filing includes the company's fiscal 2026 annual audited financial statements, management's discussion and analysis, and annual information form, and is available on the company's website and on the SEC's website. Printed copies are available free of charge to securityholders upon written request.
CorporateNew Pacific Reports Financial Results for the Three Months and Year Ended June 30, 2026
A net loss attributable to equity holders of $0.99 million ($0.01 per share) for the three months and $4.19 million ($0.02 per share) for the year ended June 30, 2026 was reported, with working capital of $37.76 million at June 30, 2026. Fiscal 2026 items include signing of 30-year Administrative Mining Contracts covering approximately 39 km² at the Carangas Silver-Gold Project in Bolivia on August 21, 2026, and an updated Carangas PEA with post-tax NPV(5%) of $2.65 billion, 35.9% IRR, 19-year mine life and $644.5 million initial capital.
CorporateNew Pacific Metals Reports Signing of Administrative Mining Contracts and Commencement of the 2026 Drill Program at the Carangas Project
Administrative Mining Contracts covering the approximately 39 km² Carangas Silver-Gold Project in Oruro Department, Bolivia were signed with AJAM on August 21, 2026, carrying a 30-year fixed term and converting the project's prior Prospecting and Exploration Licences; the contracts now go to the Plurinational Legislative Assembly for ratification. The 2026 drill program starts the week of September 8, 2026, covering approximately 30,000 metres, including about 25,000 metres to upgrade silver and gold zone resources.
CorporateNew Pacific Metals Announces Filing of Preliminary Economic Assessment for the Carangas Project
An independent NI 43-101 preliminary economic assessment technical report for the Carangas project in Oruro Department, Bolivia has been filed, titled "Carangas Project: NI 43-101 Technical Report and Preliminary Economic Assessment, Oruro, Bolivia." The report was prepared by Ausenco Engineering Canada ULC with an effective date of July 16, 2026, and follows the company's July 17, 2026 news release. There are no material differences between the report and the previously disclosed information.
Study resultsNew Pacific Metals Reports Results of Updated Carangas Preliminary Economic Assessment: Post-tax $2.65 Billion NPV (5%) and 35.9% IRR; 339.0 Million Oz of Silver Equivalent Produced
An updated NI 43-101 preliminary economic assessment for the Carangas project in Oruro Department, Bolivia, effective July 16, 2026, shows a post-tax NPV (5%) of $2.65 billion and 35.9% IRR at $45.00/oz silver, $3,400/oz gold, $1.20/lb zinc and $0.90/lb lead, with initial capital of $644.5 million and 2.4-year payback. The 19-year mine life would produce 195 Moz payable silver, 1.1 Moz gold, 1,453 Mlbs zinc and 941 Mlbs lead, or 339.0 Moz AgEq, at LOM AISC of $19.16/oz AgEq. A 30,000 metre drilling campaign is planned for September 2026.
Study resultsNew Pacific Reports 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 three months ended March 31, 2026 and $3.20 million, or $0.02 per share, for the nine months, versus losses of $0.86 million and $2.86 million a year earlier; working capital stood at $39.28 million. Capitalized expenditures for the nine months were $1.91 million at Silver Sand, $0.95 million at Carangas and $0.06 million at Silverstrike. On February 23, 2026, a Framework Agreement for Cooperation and Coordination was signed with the Carangas community in Bolivia.
CorporateNew Pacific Metals Announces Framework Agreement for Cooperation and Coordination with the Carangas Community
A Framework Agreement for Cooperation and Coordination has been signed with the Carangas community (TIOC Carangas) covering the Carangas silver-gold project in Oruro Department, Bolivia, with commitments including a fixed annual contribution to a community development fund tied to project stages, local sourcing and a resettlement plan to relocate the Carangas village. The agreement allows completion of the formal prior consultation with AJAM Oruro, followed by an application to the National Assembly to convert exploration licenses to mining permits. A feasibility study is planned once permits are granted, with a 2026 drilling campaign of over 30,000 metres.
CorporateNew Pacific Reports Financial Results For The Three and Six Months Ended December 31, 2025
A net loss attributable to equity holders of $1.58 million ($0.01 per share) for the three months ended December 31, 2025 and $2.33 million ($0.01 per share) for the six months, versus losses of $0.74 million and $2 million in the prior-year periods. Working capital was $41 million at December 31, 2025. Capitalized expenditures for the six months were $1.18 million at Silver Sand, $0.40 million at Carangas and $0.04 million at Silverstrike, all in Bolivia.
Corporate
202513 releases
Progress Report on Carangas Silver-Gold and Silver Sand Silver Projects, Bolivia and 2026 Work Plan
At the Carangas silver-gold project in Bolivia, AJAM Oruro permitted the Company to advance conversion of its exploration licenses to administrative mining contracts, the community voted in August 2025 in favour of continuing prior consultation, and a long-term framework agreement is under negotiation; a 2026 campaign of over 30,000 metres of infill and exploration drilling is planned ahead of a feasibility study. At Silver Sand, artisanal miners withdrew as of July 1, 2025, a June 2025 Amparo was granted, and framework agreements with five communities are targeted by mid-2026.
CorporateNew Pacific Metals 2025 AGM Results
All matters submitted for approval at New Pacific Metals' annual meeting of shareholders, held November 28, 2025 in Vancouver, were approved by the requisite majority of votes cast, including the election of directors and the re-appointment of Deloitte LLP as auditors for the ensuing year. A total of 144,270,137 common shares, representing 78.53% of the votes attached to all outstanding shares as at the record date, were represented at the meeting.
CorporateNew Pacific Reports Financial Results for the Three Months Ended September 30, 2025
A net loss attributable to equity holders of $0.75 million, or $0.00 per share, was reported for the three months ended September 30, 2025, versus a $1.26 million loss ($0.01 per share) a year earlier, with working capital of $14.88 million and operating expenses of $1.32 million. Capitalized expenditures were $0.51 million at Silver Sand, $0.17 million at Carangas and $0.02 million at Silverstrike, all in Bolivia. A bought deal of 11,385,000 shares at CAD $3.55 closed October 21, 2025, raising approximately CAD $40.4 million gross.
CorporateNew Pacific Metals Announces Permanent CEO and CFO Appointments
Jalen Yuan has been appointed permanent Chief Executive Officer and Chester Xie permanent Chief Financial Officer of New Pacific Metals, effective October 23, 2025, following their April 2025 appointments as interim CEO and interim CFO. Yuan, previously the Company's CFO, also joins the board of directors. Dr. Peter Megaw's term as a director ends at the close of this year's Annual General Meeting and he will not stand for re-election.
ManagementNew Pacific Metals Closes C$40.4 Million Bought Deal Financing
A bought deal financing closed for gross proceeds of approximately C$40.42 million through the sale of 11,385,000 common shares at C$3.55 each, including full exercise of the underwriters' over-allotment option for an additional 1,485,000 shares. Silvercorp Metals subscribed for 3,083,536 shares (about C$10.95 million), bringing its stake to roughly 27.99%, while Pan American Silver took 1,263,416 shares (about C$4.49 million) for roughly 11.47%. Proceeds are intended for the Carangas and Silver Sand projects in Bolivia and working capital.
FinancingNew Pacific Metals Announces C$35.1 Million Bought Deal Financing
A bought deal financing of 9,900,000 common shares at C$3.55 per share for gross proceeds of approximately C$35.1 million (about US$25.1 million) has been agreed with underwriters led by Raymond James Ltd. and BMO Capital Markets, with an over-allotment option for up to 1,485,000 additional shares exercisable for 30 days after closing. Silvercorp Metals intends to subscribe for 2,776,950 shares (approximately C$9.86 million), taking it to about 28.05% ownership. Proceeds will fund the Carangas and Silver Sand projects, working capital and general corporate purposes; closing is expected on or about October 21, 2025.
FinancingNew Pacific Metals Files Base Shelf Prospectus to Replace Expired Shelf Prospectus
A final short form base shelf prospectus has been filed with securities regulators in each Canadian province and a corresponding Form F-10 shelf registration statement with the SEC, replacing a prior base shelf prospectus filed in August 2023 that expired on September 16, 2025. The filings allow offerings of up to US$200,000,000 of common shares, preferred shares, debt securities, warrants, units or subscription receipts over the 25-month period the prospectus is effective. New Pacific Metals holds three precious metal projects in Bolivia.
FinancingNew Pacific Files Form 40-F Annual Report
The fiscal 2025 annual report on Form 40-F was filed with the U.S. Securities and Exchange Commission on September 15, 2025. The filing includes New Pacific Metals' fiscal 2025 annual audited financial statements, management's discussion and analysis, and annual information form, available on the company's website and at www.sec.gov. Printed copies are available free of charge to securityholders upon written request.
CorporateNew Pacific Reports Financial Results For The Three Months and Year Ended June 30, 2025
A net loss attributable to equity holders of $0.89 million ($0.01 per share) for the three months and $3.76 million ($0.02 per share) for the year ended June 30, 2025 was reported, versus losses of $1.48 million and $6.02 million a year earlier, with working capital of $16.17 million. On June 25, 2025, Bolivia's Departmental Court of Justice of La Paz granted an amparo protecting the Silver Sand Project from encroachment and illegal mining; artisanal miners withdrew after July 1, 2025. The Carangas community voted in favour of the Carangas Project on August 30, 2025.
CorporateNew Pacific Reports Financial Results for the Three and Nine Months Ended March 31, 2025
Net loss attributable to equity holders was $0.86 million ($0.01 per share) for the three months and $2.86 million ($0.02 per share) for the nine months ended March 31, 2025, versus losses of $1.27 million and $4.54 million a year earlier. Working capital stood at $16.67 million at March 31, 2025. Capitalized expenditures for the nine months were $1.23 million at Silver Sand, $1.16 million at Carangas and $0.05 million at Silverstrike, all in Bolivia.
CorporateNew Pacific Metals Announces Executive Changes
Andrew Williams will step down as Chief Executive Officer and Director of New Pacific Metals effective April 15. Jalen Yuan, the company's current Chief Financial Officer of 10 years, has been appointed interim CEO, and financial controller Chester Xie has been appointed interim CFO. The company will undertake a search for a permanent CEO. New Pacific holds three precious metal projects in Bolivia: Silver Sand, Carangas and Silverstrike.
ManagementNew Pacific Metals Announces 2025 Plans for Operations in Bolivia
2025 plans for Bolivia prioritize permitting over new engineering or exploration at the Silver Sand and Carangas projects. At Silver Sand, work continues on long-term land lease agreements for surface rights and on enforcing mineral rights against illegal artisanal miners, following a 2024 execution order from AJAM. At Carangas, the company intends to convert its Exploration License into an Administrative Mining Contract, requiring a Consulta Previa; a 20,000-metre drill program and feasibility study are deferred. Cash was $18 million at December 31, 2024, with a 2025 budget of $8 million.
CorporateNew Pacific Reports Financial Results For The Three and Six Months Ended December 31, 2024
Net loss attributable to equity holders was $0.74 million ($0.00 per share) for the three months and $2.00 million ($0.01 per share) for the six months ended December 31, 2024, compared with losses of $1.52 million and $3.27 million in the prior-year periods. Working capital stood at $17.63 million at December 31, 2024. Six-month capitalized expenditures totalled $0.94 million at Silver Sand, $0.75 million at Carangas and $0.03 million at Silverstrike, all in Bolivia.
Corporate
202412 releases
New Pacific Announces 2024 AGM Results
All matters submitted for approval at New Pacific Metals' annual shareholder meeting, held November 29, 2024, were approved by the requisite majority of votes cast, including the election of directors and the re-appointment of Deloitte LLP as auditors for the ensuing year. A total of 130,978,159 common shares, or 76.37% of votes attached to all outstanding shares as at the record date, were represented at the meeting.
CorporateNew Pacific Metals Announces Filing of Preliminary Economic Assessment for the Carangas Project
An independent NI 43-101 Preliminary Economic Assessment technical report for the Carangas silver-gold-lead-zinc project in Oruro Department, Bolivia has been filed, following the results announced October 1, 2024. The report has an effective date of September 5, 2024 and was prepared by RPMGlobal Limited, with contributions from Moose Mountain Technical Services (mining) and JJ Metallurgical Services (metallurgy). There are no material differences between the technical report and the previously released information.
Study resultsNew Pacific Reports Financial Results for the Three Months Ended September 30, 2024
A net loss attributable to equity holders of $1.26 million, or $0.01 per share, was reported for the three months ended September 30, 2024, versus a $1.75 million loss a year earlier, with working capital of $20.36 million at quarter end. Quarterly capitalized expenditures were $0.52 million at Silver Sand, $0.36 million at Carangas and $0.03 million at Silverstrike, all in Bolivia. The Carangas PEA, released October 1, 2024, showed a post-tax NPV (5%) of $501 million, 26% IRR, 16-year mine life and $324 million initial capital.
CorporateNew Pacific Metals Delivers Strong Economics for Carangas in Preliminary Economic Assessment
A Preliminary Economic Assessment for the Carangas silver-lead-zinc project in Oruro Department, Bolivia outlines a post-tax NPV (5%) of $501 million and 26% IRR at $24.00/oz silver, $1.25/lb zinc and $0.95/lb lead, with initial capital of $324 million and a 3.2-year post-tax payback. The open-pit plan covers a 16-year mine life, excluding two years of pre-production, producing about 106 Moz payable silver, 620 Mlbs zinc and 382 Mlbs lead at LOM AISC of $7.60/oz silver net of by-products. A feasibility study will follow only once permitting confidence is achieved, anticipated no earlier than the second half of 2025.
Study resultsNew Pacific Files Form 40-F Annual Report
Financial results for the three months ended September 30, 2022 show a net loss attributable to equity holders of $2.09 million, or $0.01 per share, compared with a net loss of $1.38 million, or $0.01 per share, a year earlier, with working capital of $20.6 million. The 2022 infill and step-out drill program at Silver Sand's south block in Bolivia was completed with 19,323 m in 86 holes, supporting a mineral resource update and PEA due by the end of 2022. At Carangas, 36,012 m in 76 holes have been drilled, and 2,030 m in 7 holes at Silverstrike.
CorporateNew Pacific Reports Financial Results For The Three Month And Year Ended June 30, 2024
A net loss attributable to equity holders of $1.48 million ($0.01 per share) for the three months and $6.02 million ($0.04 per share) for the year ended June 30, 2024 was reported, versus losses of $1.86 million and $8.10 million a year earlier, with working capital of $21.38 million at June 30, 2024. Fiscal 2024 items include the Silver Sand Project pre-feasibility study filed August 8, 2024 showing a post-tax NPV5% of $740 million, 37% IRR at $24.00/oz silver, 157 Moz silver over 13 years and LOM AISC of $10.69/oz.
CorporateNew Pacific Metals Announces Filing of NI 43-101 PFS Technical Report for the Silver Sand Project
An independent NI 43-101 Pre-Feasibility Study technical report for the Silver Sand project in Potosi, Bolivia, with an effective date of June 19, 2024, has been filed. Qualified persons include engineers from AMC Mining Consultants (Canada) Ltd., Halyard Inc. and NewFields Canada Mining & Environment ULC, with Mineral Resources estimated by Dinara Nussipakynova, P.Geo. The report is available on SEDAR+, EDGAR and the company's website.
Study resultsNew Pacific Metals Reports Results of its Pre-Feasibility Study of the Silver Sand Project Post-Tax US$740 Million NPV (5%), 37% IRR, 157 Million Ounces of Silver
A pre-feasibility study for the Silver Sand project in Potosi Department, Bolivia outlines a post-tax NPV (5%) of US$740 million and a 37% IRR at a base case price of $24.00/oz silver, with initial capital costs of $358 million and post-tax payback of 1.9 years. The open-pit operation would produce about 157 Moz of silver over a 13-year mine life, excluding a 2-year pre-production period, at average life-of-mine AISC of $10.69/oz. The Company must still secure surface rights and resolve illegal artisanal mining activity before finalizing its Environmental Impact Assessment; an NI 43-101 technical report will be filed within 45 days.
Study resultsNew Pacific Reports Financial Results for the Three and Nine Months Ended March 31, 2024
Net loss attributable to equity holders was $1.27 million ($0.01 per share) for the three months and $4.54 million ($0.03 per share) for the nine months ended March 31, 2024, compared with losses of $2.28 million and $6.23 million in the prior-year periods. Working capital stood at $23.67 million as of March 31, 2024. Nine-month capitalized expenditures were $2.09 million at Silver Sand, $1.31 million at Carangas and $0.08 million at Silverstrike, all in Bolivia.
CorporateNew Pacific Reports Positive Results of Silver Sand Metallurgical Testing
Metallurgical testing for the Silver Sand project in Potosi Department, Bolivia returned 92.7% silver recovery with 1.40 kg/t sodium cyanide consumption from a first composite sample grading 145 g/t (10% oxide, 80% transitional, 10% sulfide), and 89.6% recovery with 1.10 kg/t consumption from a second sample grading 114 g/t. Recoveries compare with the 91% assumed in the January 2023 PEA, with lower cyanide consumption. Gravity concentration and regrinding could lift second-sample recovery to 93.9%. Prefeasibility study results are expected in June.
Study resultsNew Pacific Reports Financial Results for the Three and Six Month Ended December 31, 2023
Net loss attributable to equity holders was $1.52 million ($0.01 per share) for the three months and $3.27 million ($0.02 per share) for the six months ended December 31, 2023, versus losses of $1.87 million and $3.96 million a year earlier. Working capital stood at $25.70 million at December 31, 2023. Six-month capitalized project expenditures in Bolivia totalled $1.38 million at Silver Sand, $0.94 million at Carangas and $0.08 million at Silverstrike.
CorporateNew Pacific Metals Announces 2024 Plans for Operations in Bolivia
A Preliminary Feasibility Study for the Silver Sand project in Bolivia is expected by mid-2024, which would allow the company to declare mineral reserves for the first time, with AMC Mining Consultants, NewFields and Halyard involved. A Preliminary Economic Assessment for the Carangas project is also scheduled for mid-2024, supported by trade-off studies and metallurgical testing. Silver Sand permitting continues toward an Environmental Impact Assessment Study, and exploration at Silverstrike remains on standby. The balance sheet was recently bolstered by a C$35 million financing.
Corporate
202321 releases
New Pacific Announces 2023 AGM Results and Appoints New Directors
2024 plans for Bolivian operations were outlined, with a Preliminary Feasibility Study for the Silver Sand project expected by mid-2024, enabling a first declaration of mineral reserves, and a Preliminary Economic Assessment for the Carangas project also on schedule for mid-2024. The Silver Sand Environmental Impact Assessment Study process began after May 2023 environmental categorization as a proposed open pit operation, while discussions with COMIBOL continue on ratification of the Mining Production Contract. Exploration at Silverstrike remains on standby; the balance sheet was bolstered by a C$35 million financing.
CorporateNew Pacific Reports Financial Results for the Three Month Ended September 30, 2023
Net loss attributable to equity holders for the three months ended September 30, 2023 was $1.75 million, or $0.01 per share, versus a $2.09 million loss a year earlier, with working capital of $27.06 million at quarter end. During the quarter the company filed its first NI 43-101 mineral resource estimate for the Carangas Project in Bolivia and closed a bought deal of 13,208,000 shares at $1.96 (CAD $2.65) for gross proceeds of about $25.9 million. Andrew Williams was appointed CEO on September 11, 2023.
CorporateNew Pacific Metals Closes C$35 Million Bought Deal Financing
A bought deal financing closed for gross proceeds of approximately C$35 million, with 13,208,000 common shares sold at C$2.65 per share, co-led by Raymond James Ltd. and Eight Capital. Silvercorp Metals subscribed for 2,541,890 shares (about US$5 million) and now holds roughly 27.4% of shares, while Pan American Silver took 5,083,780 shares (about US$10 million) for about 11.6%. Proceeds will advance exploration and development at the Silver Sand and Carangas projects in Bolivia and fund operating expenses.
FinancingNew Pacific Metals Announces C$35 Million Bought Deal Financing
A bought deal agreement with underwriters co-led by Raymond James Ltd. and Eight Capital will see 13,208,000 common shares sold at C$2.65 each for gross proceeds of approximately C$35 million, with a 30-day over-allotment option for up to 1,981,200 additional shares. Silvercorp Metals intends to subscribe for 2,541,890 shares (about US$5 million) and Pan American Silver for 5,083,780 shares (about US$10 million), leaving them at roughly 27.4% and 11.6% ownership. Proceeds will advance the Silver Sand and Carangas projects in Bolivia, with closing expected on or about September 29, 2023.
FinancingNew Pacific Announces Filing of NI 43-101 Technical Report for the Carangas Project
An independent NI 43-101 Mineral Resource Estimate Technical Report has been filed for the Carangas Silver-Gold Project in Oruro, Bolivia, with an effective date of August 25, 2023. The MRE results were previously disclosed in the Company's news release dated September 5, 2023. The Qualified Persons are Anderson Goncalves Candido, FAusIMM, Principal Resource Geologist, and Marcelo del Giudice, FAusIMM, Principal Metallurgist, both of RPMGlobal (Canada) Ltd.
Study resultsNew Pacific Metals Announces CEO Transition and New Appointment to the Board
Founder and CEO Dr. Rui Feng has stepped down, with former President Andrew Williams appointed CEO effective immediately. Dr. Feng will remain a director until the AGM later in 2023 but will not stand for re-election. Paul Simpson, a Vancouver-based corporate securities and mining lawyer with Armstrong Simpson and lead independent director of Silvercorp Metals Inc., joins the Board effective immediately.
ManagementNew Pacific Metals Reports Inaugural Resource Estimate for the Carangas Project
An inaugural NI 43-101 mineral resource estimate for the 98%-controlled Carangas silver-gold polymetallic project in Bolivia, with an effective date of August 25, 2023, reports indicated resources of 214.9 Mt containing 205.3 Mozs silver, 1,588.2 Kozs gold, 1,444.9 Mlbs lead, 2,653.7 Mlbs zinc and 112.6 Mlbs copper, or 559.8 Mozs AgEq, plus inferred resources of 45.0 Mt containing 109.8 Mozs AgEq. The estimate, by RPMGlobal (Canada) Ltd., is pit-constrained at a 40 g/t AgEq cut-off with a strip ratio of about 1.8:1. Initial metallurgical work indicated recoveries of up to 90% silver and 98% gold. A technical report will be filed within 45 days.
Resource updateNew Pacific Reports Financial Results For The Three Month and Year Ended June 30, 2023
A net loss attributable to equity holders of $8.10 million, or $0.05 per share, was reported for the year ended June 30, 2023, versus a $6.42 million loss a year earlier, with operating expenses of $8.26 million and working capital of $5.21 million as of June 30, 2023. Fiscal 2023 included the February 16, 2023 filing of the Silver Sand PEA technical report in Bolivia, showing a post-tax NPV5% of $726 million, 39% IRR and 171 million ounces of silver over a 14-year mine life, and completion of 17,623 m in 39 holes at Carangas.
CorporateNew Pacific Files Base Shelf Prospectus to Replace Expired Shelf Prospectus
A final short form base shelf prospectus has been filed with Canadian provincial securities regulators and a corresponding Form F-10 shelf registration statement with the U.S. SEC, replacing a prior base shelf prospectus filed in July 2021 that expired on August 15, 2023. The filings allow offerings of up to US$200,000,000 of common shares, preferred shares, debt securities, warrants, units or subscription receipts over the 25-month effective period. New Pacific's projects are in Bolivia.
FinancingNew Pacific Intersects 183 Meters Grading 92 Grams Per Tonne Silver in Step-out Drilling at the Carangas Project, Bolivia
Assay results from the final 18 drill holes of the 2023 Q1 program at the Carangas Silver-Gold Project in Oruro Department, Bolivia include hole DCAr0184, a 50 m step-out that cut 92 g/t Ag, 0.25% Pb and 0.46% Zn over 183.2 m, including 272 g/t Ag over 14.5 m. Hole DCAr0175 returned 55 g/t Ag over 298.04 m, and DCAr0189 cut 0.95 g/t Au and 9 g/t Ag over 184.5 m. All 39 holes totaling 17,623 m have been reported; an inaugural mineral resource estimate is expected by August 2023.
Drill resultsNew Pacific Intersects 205 Meters Grading 123 Grams per Tonne Silver in Step-out Drilling at the Carangas Project, Bolivia
Assay results from the first 21 of 39 drill holes in the 2023 Q1 program at the Carangas silver-gold project in Oruro Department, Bolivia include hole DCAr0171, which cut 205.6 m grading 123 g/t Ag, 0.44% Pb and 0.84% Zn, including 77.6 m at 242 g/t Ag, 0.71% Pb and 1.30% Zn. Hole DCAr0170 returned 292.8 m at 58 g/t Ag from 9.2 m. The program totalled 17,623 m in 39 holes; RPMGlobal's inaugural NI 43-101 resource estimate is expected in Q3 2023, with drilling to resume in H2 2023.
Drill resultsNew Pacific Reports Financial Results for the Three and Nine Months Ended March 31, 2023
A net loss attributable to equity holders of $2.28 million, or $0.01 per share, was reported for the three months ended March 31, 2023, versus a $1.41 million loss a year earlier, with a nine-month loss of $6.23 million or $0.04 per share and working capital of $8.53 million at quarter-end. During the quarter the Bolivia-focused company filed its Silver Sand PEA showing a post-tax NPV (5%) of $726 million, 39% IRR and 171 million ounces of silver over 14 years, and completed 17,650 m in 39 holes at Carangas ahead of an inaugural resource estimate later in 2023.
CorporateNew Pacific Intersects 306 Metres Grading 1.2 Grams per Tonne Gold and 26 Grams per Tonne Silver at the Carangas Project, Bolivia
Assay results from the final 29 drill holes of the 2022 program at the Carangas silver-gold project in Oruro Department, Bolivia include hole DCAr0112, which cut 306.95 m from 359.55 m grading 1.19 g/t gold and 26 g/t silver, including 31.78 m at 4.11 g/t gold, 122 g/t silver and 0.15% copper; DCAr0141 returned 110.15 m at 136 g/t silver and 0.96% lead. All 115 holes drilled in 2022 have now been reported, and a 15,000 m 2023 program is nearly complete, with an inaugural mineral resource due in the second quarter of 2023. An expanded 3D Bipole-Dipole IP-MT survey over the 29 square kilometre Carangas Basin, completed in January 2023, identified multiple untested chargeability anomalies.
Drill resultsNew Pacific Provides Project Updates
2023 plans for three Bolivian precious metal projects were outlined. At Silver Sand, the Company will complete a pre-feasibility study and work toward obtaining the Environmental Impact Statement (DIA) from Bolivia's Ministry of Environmental and Water, while engaging COMIBOL on ratification of the signed Mining Production Contract. At Carangas in Oruro Department, a 15,000-metre drill program with five rigs remains on schedule for completion by end of March 2023, with an inaugural mineral resource estimate expected by mid-2023 and a PEA by year-end. Exploration at Silverstrike is paused.
CorporateNew Pacific Intersects 524 Metres Grading 1.24 Grams Per Tonne Gold at the Carangas Project, Bolivia
Drill hole DCAr0096 at the Carangas silver-gold project in Oruro Department, Bolivia intersected 524 m grading 1.24 g/t gold and 8 g/t silver from 333 m to 857 m, including 51 m at 4.56 g/t Au and 0.10% Cu and 35 m at 3.35 g/t Au, 8 g/t Ag and 0.20% Cu. Nearer surface the hole cut 164 m at 94 g/t Ag, 0.65% Pb and 1.72% Zn, including 44 m at 289 g/t Ag. Assays from 86 of 115 holes drilled in 2022 have been received; nine deep step-out holes are planned east of DCAr0096.
Drill resultsNew Pacific Announces Filing of NI 43-101 PEA Technical Report for the Silver Sand Project
An independent NI 43-101 Preliminary Economic Assessment technical report for the Silver Sand project in Potosi, Bolivia has been filed, with an effective date of November 30, 2022. The PEA, whose results were released in January 2023, shows a post-tax NPV (5% discount) of US$726 million and an IRR of 39%, with total silver production of 171 million ounces over a 14-year mine life. The report is available on SEDAR, EDGAR and the company's website.
Study resultsNew Pacific Reports Financial Results for the Three and Six Months Ended December 31, 2022
A net loss attributable to equity holders of $1.87 million, or $0.01 per share, was reported for the three months ended December 31, 2022, versus a $1.30 million loss a year earlier, with a six-month loss of $3.96 million and working capital of $14.4 million. Quarter activity included the Silver Sand PEA (post-tax NPV5% of $726 million, 39% IRR, 171 million ounces of silver over 14 years), an updated measured and indicated resource of 201.77 million ounces at 116 g/t, and completion of 50,368 metres in 115 holes at Carangas, Bolivia.
CorporateNew Pacific Intersects 230 Metres Grading 146 Grams per Tonne Silver at the Carangas Project, Bolivia
Assay results from an additional 42 drill holes at the Carangas Silver-Gold Project in Oruro Department, Bolivia include hole DCAr0075, which returned 230.26 m grading 146 g/t silver, 0.3% lead and 0.69% zinc from 53.74 m, including 12.06 m at 2,160 g/t silver, 0.74% lead, 1.74% zinc and 0.13% copper. Of 115 holes drilled in 2022, results for 85 have been received, with 30 pending; 41 of the 42 holes intercepted broad silver mineralization across an area up to 1,000 m by 800 m by 200 m deep. Results will feed an inaugural mineral resource estimate expected later this year.
Drill resultsNew Pacific Appoints Andrew Williams as President
Andrew Williams has been appointed President of New Pacific Metals, effective immediately, reporting to the CEO and responsible for corporate development, investor relations and the company's financial needs. He previously spent 11 years at Sun Valley Gold LLC, most recently as portfolio manager. Williams will subscribe for C$250,000 of common shares at $3.16 per share, a 10% discount to the 5-day VWAP, and director Dickson Hall will subscribe for C$50,000 on the same terms, totalling C$300,000 in a non-brokered private placement subject to TSX approval.
ManagementNew Pacific Intersects 505 Metres Grading 1.22 Grams Per Tonne Gold at the Carangas Project, Bolivia
Drilling at the Carangas silver-gold project in Oruro Department, Bolivia returned 504.62 m grading 1.22 g/t gold and 13 g/t silver from 228.5 m in hole DCAr0094, including 44.73 m at 5.03 g/t gold, 19 g/t silver and 0.16% copper; hole DCAr0067 returned 513.66 m at 0.72 g/t gold and DCAr0078 668.7 m at 0.48 g/t gold. A total of 50,368 m in 115 holes was drilled in 2022, with 72 holes pending. A further 15,000 m is planned in Q1 2023, followed by an inaugural resource estimate in Q2 2023.
Drill resultsNew Pacific Metals Reports Results of the Preliminary Economic Assessment of the 100% owned Silver Sand Deposit, Bolivia
A preliminary economic assessment for the 100% owned Silver Sand Project in Potosi Department, Bolivia, shows a pre-tax NPV (5%) of $1.1 billion and 52% IRR, and a post-tax NPV (5%) of $726 million with a 39% IRR at a base case silver price of US$22.50/oz. The open-pit study outlines a 14-year mine life producing about 171 million payable silver ounces, initial capital of $308 million, $20 million LOM sustaining capital, and all-in sustaining costs of US$10.42/oz. Processing averages about 4 million tonnes annually at 107 g/t Ag.
Study results
202221 releases
New Pacific Announces 2022 AGM Results And Appoints New Directors
All matters submitted for approval at the annual meeting of shareholders held December 2, 2022 were approved, including the re-appointment of Deloitte LLP as auditors. A total of 121,349,139 common shares, representing 77.43% of votes attached to all outstanding shares as at the record date, were represented at the meeting. Dr. Peter Megaw and Mr. Dickson Hall joined the Board of Directors, while Jack Austin and David Kong did not stand for re-election.
CorporateNew Pacific Announces Filing of The Carangas Project Technical Report
A NI 43-101 technical report titled Carangas Project Technical Report, with an effective date of June 16, 2022, has been filed by New Pacific Metals Corp. The report was prepared by Donald J. Birak, SME, AusIMM Fellow, a Qualified Person, and is available on SEDAR, EDGAR and the company's website. The Carangas Silver-Gold Project in Bolivia is undergoing a 40,000 m drill program.
Study resultsNew Pacific Reports Positive Preliminary Metallurgical Test Results from Carangas with 98% Gold Recovery from Cyanide Leach
Preliminary scoping-level metallurgical testwork on five variability composites from the Carangas Silver-Gold Project in Oruro Department, Bolivia returned cyanide leach gold recoveries of 98.8% for a sample with under 1% sulfur and 98.5% for a sample with about 3% sulfur. Cyanide leach silver recoveries were 84.1%, 85.0% and 74.3% for oxidized, oxidized-to-semi-oxidized and fresh silver-lead-zinc samples, with flotation silver recoveries of 72-77%, 90-94% and 99%, plus 98-99% lead and 96-97% zinc from the fresh sample. Testing was conducted by Bureau Veritas in Richmond, British Columbia.
Study resultsNew Pacific Intersects 591 Metres Grading 1.03 Grams Per Tonne Gold at the Carangas Project, Bolivia
Drilling at the Carangas Silver-Gold Project in Oruro Department, Bolivia returned 591.85 m from 176.25 m grading 1.03 g/t gold, 6 g/t silver, 0.11% lead and 0.18% zinc in hole DCAr0049, including 29.31 m at 4.15 g/t gold; hole DCAr0052 returned 513.35 m at 0.23 g/t gold and hole DCAr0060 returned 84.17 m at 0.7 g/t gold. A 3D Bipole-Dipole IP-MT survey identified multiple chargeability anomalies correlating with gold intercepts. A total of 39,862 m in 86 holes has been completed in 2022, with an inaugural mineral resource estimate planned after drilling ends by year-end 2022.
Drill resultsNew Pacific Reports Financial Results for the Three Months Ended September 30, 2022
A net loss attributable to equity holders of $2.09 million, or $0.01 per share, was reported for the three months ended September 30, 2022, versus a $1.38 million loss a year earlier, with operating expenses of $2.06 million and working capital of $20.6 million. The 2022 infill and step-out drill program at Silver Sand's south block in Bolivia was completed with 19,323 m in 86 holes, with a PEA on track for completion by the end of 2022. At Carangas, 36,012 m in 76 holes have been drilled, and 2,030 m in 7 holes at Silverstrike.
CorporateNew Pacific Intersects 86 Metres of Near-Surface Oxide Mineralization Grading 2.2 Grams Per Tonne Gold at the Silverstrike Project
Drill hole DSSk0002 at the Silverstrike Project in the Department of La Paz, Bolivia returned 223.52 m (from 8.62 m to 232.14 m) grading 0.97 g/t gold and 4 g/t silver, including 86.13 m grading 2.18 g/t gold and 7 g/t silver, and 3.98 m grading 29.75 g/t gold and 23 g/t silver. Ten holes totalling 3,200 m have been drilled since the program began in June 2022, with assays pending for eight holes.
Drill resultsNew Pacific Continues to Intersect the Near Surface High Grade Silver Horizon, including 163 metres Grading 109 Grams Per Tonne Silver, at the Carangas Project, Bolivia
Assay results for 21 drill holes at the Carangas Silver-Gold Project in Oruro Department, Bolivia, include hole DCAr0077 with 163.04 m grading 109 g/t silver, 0.34% lead and 0.8% zinc from 67.71 m, including 47.09 m at 288 g/t silver. Other intercepts include 180.14 m at 71 g/t silver (DCAr0056) and 128.53 m at 83 g/t silver (DCAr0070). Of 76 holes completed (36,012 m) in the planned 40,000 m program, 43 remain pending; drilling is expected to end by mid-December and support an inaugural resource estimate in 2023.
Drill resultsNew Pacific Files Form 40-F Annual Report
The fiscal 2022 annual report on Form 40-F was filed with the U.S. Securities and Exchange Commission on September 28, 2022, including audited financial statements, management's discussion and analysis, and the annual information form for the year ended June 30, 2022. The documents are available on the company's website and on SEC EDGAR, with printed copies available free of charge to securityholders on written request.
CorporateNew Pacific Reports Drill Hole Assay Results and Remains on Schedule to Complete the PEA For the Silver Sand Project
Assay results from the final 53 drill holes of the 2022 resource infill and step-out drilling program at the Silver Sand Project in Bolivia included 44.77 m grading 214 g/t silver from 30.57 m in step-out hole DSS582501, 95.22 m grading 106 g/t Ag from 49.68 m in infill hole DSS547504, and 19.48 m at 337 g/t Ag in DSS487505. The 2022 program totalled 19,323 m in 86 holes; a mineral resource estimate update is expected by October 2022 and the maiden PEA by the end of 2022. An 11-hole, 2,460 m geotechnical program begun in August 2022 is due for completion by the end of September.
Drill resultsNew Pacific Intercepts 111 Metres Grading 1.54 Grams Per Tonne Gold Near Surface At the Silverstrike Project
Drill hole DSSk0001 at the Silverstrike Project in the Department of La Paz, Bolivia returned 195.05 m (from 10.22 m to 205.27 m) grading 0.96 g/t gold and 6 g/t silver, including 111.39 m (12.61–124.00 m) at 1.54 g/t Au and 8 g/t Ag, and 36.06 m (12.61–48.67 m) at 3.97 g/t Au and 20 g/t Ag. Seven holes totalling 2,030 m have been drilled since the program began in June 2022, with six assays pending.
Drill resultsNew Pacific Intersects 514 m Grading 1.1 Gram Per Tonne Gold In Hole DCAr0044 At The Carangas Project, Bolivia
Drilling at the Carangas Silver-Gold Project in Oruro Department, Bolivia returned 514.85 m grading 1.10 g/t gold and 6 g/t silver from 266.35 m in hole DCAr0044, including 87.51 m at 2.57 g/t gold, 9 g/t silver and 0.12% copper. Six shallower holes targeting near-surface silver included DCAr0045 with 170.64 m at 88 g/t silver, 0.38% lead and 0.61% zinc. To date in 2022, 21,980 m in 43 holes have been completed, with 31 holes pending; preliminary flotation and leaching metallurgical tests have begun at Bureau Veritas Minerals.
Drill resultsNew Pacific Intersects 535 m Interval Grading 1.0 Gram Per Tonne Gold, And 58 m Interval Grading 507 Gram Per Tonne Silver At The Carangas Project
Assay results from the first five holes of the 2022 drill program at the Carangas Silver-Gold Project in Oruro Department, Bolivia include hole DCAr0039, which intersected 535.63 m grading 1.00 g/t gold and 11 g/t silver from 162.08 m, including 72.16 m at 3.54 g/t gold. Hole DCAr0038 returned 58.1 m at 507 g/t silver, 0.60% lead and 0.94% zinc from 10 m, including 5.17 m at 6,236 g/t silver. Of 16,754 m in 31 holes completed, assays for 26 holes remain pending, with five rigs deployed and preliminary metallurgical testing initiated.
Drill resultsNew Pacific Commences Drilling at the Silverstrike Project, Bolivia
A 6,000-metre, one-rig drilling program has begun at the Silverstrike Project, located about 140 km southwest of La Paz, Bolivia, initially testing a broad gold zone identified by the Company and historical drilling. New Pacific holds a 98% interest in the approximately 13 km² project and will cover 100% of future expenditures. Prior work included 277 channel chip samples, with best results of 4.7 m at 14.76 g/t Au and 27 g/t Ag, 42 m at 1.02 g/t Au, and 1995 Rio Tinto holes such as 302 m at 0.27 g/t Au.
Drill resultsNew Pacific Commences Drilling at Jisas Prospect, A Satellite Concession North of the Silver Sand Project
An initial 2,000 metre exploration drilling program has begun at the 100%-owned Jisas prospect, a satellite concession in the north block about 3 kilometres north of the Silver Sand Project in Bolivia, using one rig. Chip samples from surface outcrops and underground workings and grab samples from mining dumps returned silver grades ranging from tens of grams up to nine hundreds of grams per tonne. Infill and step-out drilling at Silver Sand for the resource update feeding the PEA, due by the end of 2022, concluded in mid-May 2022.
Drill resultsNew Pacific Intersects 60.48 Metre Interval Grading 236 Grams Per Tonne Silver at the Silver Sand Project
Assay results from 20 additional holes at the Silver Sand Project in Bolivia included hole DSS646001, which cut 60.48 m grading 236 g/t silver from 82.10 m, including 6.45 m at 1,423 g/t Ag, and DSS644001, which cut 133.63 m at 91 g/t Ag from 23.0 m. Drilling in 2022 totals 21,309 m in 94 holes, expanded from the budgeted 15,000 m, with 59 holes pending. A resource update is expected in the second half of the year and a PEA by end of 2022.
Drill resultsNew Pacific Intersects 595.7 m Interval Grading 1.25 g/ t Gold and 10.25 m Interval Grading 1,213 g/t Silver at the Carangas Project
Assay results from the final ten holes of the 2021 Discovery Drill Program at the Carangas silver-gold project in Oruro Department, Bolivia, include hole DCAr0031, which cut 595.7 m grading 1.25 g/t gold and 7 g/t silver from 161.55 m, including 98.9 m at 2.58 g/t gold, and hole DCAr0032, which returned 10.25 m at 1,213 g/t silver, 1.2% lead and 0.19% zinc. Four rigs are drilling a 2022 program of up to 40,000 m, with about 10,000 m completed in 15 holes and assays pending.
Drill resultsNew Pacific Reports Financial Results for the Three and Nine Months Ended March 31, 2022
A net loss attributable to equity holders of $1.41 million, or $0.01 per share, was reported for the three months ended March 31, 2022, versus a $1.69 million loss a year earlier, with a nine-month loss of $4.08 million and working capital of $34.7 million. At the Silver Sand Project in Bolivia, 10,520 m in 48 holes of the planned 15,000 m 2022 program were completed. At Carangas, a 2022 resource definition drill program of 30,000 m, extendable to 40,000 m, has commenced.
CorporateNew Pacific Intersects 86.03 Metre Interval Grading 229 Grams Per Tonne Silver at the Silver Sand Project
Drilling at the Silver Sand project in Bolivia returned 86.03 m grading 229 g/t silver from 37.90 m in infill hole DSS529001, including 15.35 m at 734 g/t Ag; step-out hole DSS507513 cut 39.60 m at 225 g/t Ag, including 11.84 m at 434 g/t Ag. The 2021 program totalled 13,313.7 m in 55 holes, and 10,520 m in 48 holes of a planned 15,000 m were completed in 2022 as of March 31. Assays are expected by end of June, an updated resource by September 2022 and a PEA by end of 2022.
Drill resultsNew Pacific Intersects Broad Gold Mineralization of 323m Interval Grading 1.03g/t Gold and 12g/t Silver at the Carangas Project
Assay results from eight additional drill holes from the 2021 Discovery Drill Program at the Carangas Silver-Gold Project, Oruro Department, Bolivia, were reported. Hole DCAr0020 returned 322.91 m from 327.09 m grading 1.03 g/t gold and 12 g/t silver, including 141.11 m at 1.78 g/t gold and 12 g/t silver, plus 139.96 m at 34 g/t silver, 0.33% lead and 0.94% zinc; DCAr0019 returned 173.17 m at 102 g/t silver, 0.77% lead and 1.13% zinc. Results for 10 holes remain pending. A 30,000 m resource definition drill program has commenced for 2022, extendable to 40,000 m or more, with a third rig to be added after March.
Drill results