New Pacific Metals


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peter47:

New Pacific Metals

 
16.05.26 13:04
New Pacific Reports Financial Results for the Three and Nine Months Ended March 31, 2026
VANCOUVER, BRITISH COLUMBIA – May 13, 2026: New Pacific Metals Corp. (“New Pacific” or the “Company”) reports its financial results for the three and nine months ended March 31, 2026. All figures are expressed in US dollars unless otherwise stated.

FISCAL 2026 Q3 HIGHLIGHT

   On February 23, 2026, the Company signed a Framework Agreement for Cooperation and Coordination (the “Agreement”) with the Carangas community (“TIOC Carangas”) in respect to the Carangas Silver–Gold project (the “Carangas Project”). The Agreement establishes a general framework of understanding and commitment between the Company and TIOC Carangas that reflects the shared intention to develop the Carangas Project based on transparency, fairness, mutual benefits, mutual respect, and long-term cooperation.

FINANCIAL RESULTS

Net loss attributable to equity holders of the Company for the three and nine months ended March 31, 2026 was $0.87 million or $0.0 per share and $3.20 million or $0.02 per share, respectively (the three and nine months ended March 31, 2025 – net loss of $0.86 million or $0.01 per share and $2.86 million or $0.02 per share, respectively). The Company’s financial results were mainly impacted by the following items:

   Working Capital: As of March 31, 2026, the Company had working capital of $39.28 million.
   Operating expenses for the three and nine months ended March 31, 2026 were $1.58 million and $4.37 million, respectively (the three and nine months ended March 31, 2025 – $1.40 million and $4.56 million, respectively).

   Income from investments for the three and nine months ended March 31, 2026 were $0.29 million and $0.71 million, respectively (the three and nine months ended March 31, 2025 – $0.22 million and $0.66 million).
   Loss on disposal of plant and equipment for the three and nine months ended March 31, 2026 of $0.02 million (the three and nine months ended March 31, 2025 – $nil and $nil, respectively).
   Foreign exchange gain for the three and nine months ended March 31, 2026 was $ 0.44 million and $0.47 million, respectively (the three and nine months ended March 31, 2025 – $0.28 million and $1.02 million, respectively).

PROJECT EXPENDITURE

The following schedule summarized the expenditure incurred by category for each of the Company’s projects for relevant periods:

...

www.newpacificmetals.com/...-nine-months-ended-march-31-2026/
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    New Pacific Metals peter47   16.05.26 13:04

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