NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED JUNE 30, 2026
Original announcement by cnw on
- Company
- New Pacific Metals Corp.
- Ticker
- NUAG
- Exchange
- Unavailable
- Region
- Bolivia
- Primary commodity
- Silver
- Secondary commodities
- Gold, Zinc, Lead
- Document categories
- Resource update, Other
- Extracted
- 2026-09-12 00:19:49 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
New Pacific Metals Corp. reported its financial results for the period ended June 30, 2026, highlighting the signing of 30-year Administrative Mining Contracts for the Carangas Project. The company also released an updated Preliminary Economic Assessment (PEA) for Carangas, projecting a post-tax NPV of $2.65 billion and a 35.9% IRR.
Reasoning: The company reported strong financial results alongside a highly positive updated PEA for the Carangas Project, featuring a $2.65B NPV and 35.9% IRR, despite jurisdictional risks in Bolivia.
Positive factors
- Strong economic indicators in updated PEA
- Significant NPV and IRR
- Signing of Administrative Mining Contracts (AMCs)
- Large scale silver equivalent production
Negative factors
- Political and social instability in Bolivia
- Requirement for waste stripping on third-party concessions
- Inferred resources remain a significant portion of the estimate
Facts used in scoring: 4
Classification and evidence
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The announcement focuses on the results of an updated Preliminary Economic Assessment for the Carangas Project.
Evidence · text
“The Company filed an updated independent preliminary economic assessment technical report for its Carangas Project”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
inferredCarangas Project · silverContained Metal: 195Contained Unit: mozView all detailsHide details
Identity
- Project
- Carangas Project
- Commodity
- silver
- Region
- bolivia
- Reported Region
- Bolivia
- Ticker
- NUAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-08-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Anderson Candido, Jinxing Ji, Kevin Murray, Scott Elfen, James Millard, Marc Schulte
- Resource group id
- resource:4adf82117c14afe6f4a5
- Deposit or zone
- Carangas Project
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Contained Metal
- 195
- Contained Unit
- moz
- Cutoff Grade
- 30
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-07-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: The PEA reports massive silver equivalent production, though it relies on speculative inferred resources.
Positive factors
- High silver equivalent production
Negative factors
- Based on both Indicated and Inferred resources
Evidence · text
“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")”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCarangas Project · goldContained Metal: 1.1Contained Unit: mozView all detailsHide details
Identity
- Project
- Carangas Project
- Commodity
- gold
- Region
- bolivia
- Reported Region
- Bolivia
- Ticker
- NUAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-08-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Anderson Candido, Jinxing Ji, Kevin Murray, Scott Elfen, James Millard, Marc Schulte
- Resource group id
- resource:4adf82117c14afe6f4a5
- Deposit or zone
- Carangas Project
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Contained Metal
- 1.1
- Contained Unit
- moz
- Cutoff Grade
- 30
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-07-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: Gold is a key component of the polymetallic PEA results.
Positive factors
- Significant gold production included in PEA
Evidence · text
“1.1 Moz of payable Au”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCarangas Project · zincGrade: 1453Grade Unit: MlbsContained Metal: 1453Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Carangas Project
- Commodity
- zinc
- Region
- bolivia
- Reported Region
- Bolivia
- Ticker
- NUAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-08-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Anderson Candido, Jinxing Ji, Kevin Murray, Scott Elfen, James Millard, Marc Schulte
- Resource group id
- resource:4adf82117c14afe6f4a5
- Deposit or zone
- Carangas Project
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Grade
- 1453
- Grade Unit
- Mlbs
- Contained Metal
- 1453
- Contained Unit
- mlbs
- Cutoff Grade
- 30
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-07-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: Zinc is a key component of the polymetallic PEA results.
Positive factors
- Significant zinc production included in PEA
Evidence · text
“1,453 million pounds ("Mlbs") of payable Zn”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCarangas Project · leadGrade: 941Grade Unit: MlbsContained Metal: 941Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Carangas Project
- Commodity
- lead
- Region
- bolivia
- Reported Region
- Bolivia
- Ticker
- NUAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-08-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Anderson Candido, Jinxing Ji, Kevin Murray, Scott Elfen, James Millard, Marc Schulte
- Resource group id
- resource:4adf82117c14afe6f4a5
- Deposit or zone
- Carangas Project
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Grade
- 941
- Grade Unit
- Mlbs
- Contained Metal
- 941
- Contained Unit
- mlbs
- Cutoff Grade
- 30
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-07-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: Lead is a key component of the polymetallic PEA results.
Positive factors
- Significant lead production included in PEA
Evidence · text
“941 Mlbs of payable Pb”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.