New Pacific Metals Cash Position Rises to $39.9 Million
The company ended the period with $39,863,639 in cash and cash equivalents, up from $16,839,959 on June 30, 2025
New Pacific Metals Corp. (NEWP), a Canadian mining issuer exploring and developing mineral properties in Bolivia, reported a cash and cash equivalents balance of $39,863,639 as of March 31, 2026. This represents an increase from the $16,839,959 held on June 30, 2025.
The company's liquidity position was bolstered by financing activities, which provided $28,049,701 during the nine months ended March 31, 2026. This included $27,009,239 in net proceeds from the issuance of common shares for a bought deal. Management stated it believes the company has sufficient funds to support normal permitting and operating requirements for at least the next 12 months.
Despite the increase in cash, the company reported a net loss of $874,886 for the three months ended March 31, 2026, compared to a net loss of $863,107 for the same period in 2025. For the nine months ended March 31, 2026, the net loss was $3,204,963, compared to $2,886,774 for the nine months ended March 31, 2025.
Operating expenses for the three months ended March 31, 2026, were $1,581,073, up from $1,359,924 in the prior-year period. The company's corporate segment drove the majority of these costs, with salaries and benefits totaling $519,489 and other operating expenses reaching $528,441 during the quarter.
Investment activity focused on mineral property interests, with capital expenditures of $1,169,265 during the three months ended March 31, 2026, compared to $741,476 in the same period last year. Total mineral property interests were valued at $119,475,658 as of March 31, 2026, up from $116,934,365 on June 30, 2025.
On February 23, 2026, the company signed a Framework Agreement for Cooperation and Coordination with the Carangas community regarding the Carangas Project. The company also continues to engage with COMIBOL to obtain ratification and approval of a Mining Production Contract by the Plurinational Legislative Assembly of Bolivia, though that contract has not yet been ratified or approved.