Markets.News
New Pacific Metals Corp. released its financial results for the three months and year ended June 30, 2025. The company filed a Preliminary Economic Assessment report for its Carangas Project with a post-tax net present value of $501 million and internal rate of return of 26%. The project is estimated to produce around 106 million oz of silver, 620 million lbs of zinc, and 382 Mlbs of lead over a 16-year mine life, with initial capital costs of $324 million. The project is expected to create approximately 500 permanent jobs. The company successfully resolved issues with artisanal miners at the Silver Sand Project, ensuring protection against encroachment and illegal activities. The community approved the Carangas Project and the company's presence in the area. The company reported a net loss of $0.89 million for the quarter and $3.76 million for the year, impacted by working capital, operating expenses, and income from investments. The company appointed interim CEO and CFO in April 2025. The financial balance sheet showed a working capital of $16.17 million as of June 30, 2025. The company disclosed project expenditures for Silver Sand, Carangas, and Silverstrike projects.