New Pacific Metals Net Loss Widens to $4.19 Million
The mining issuer ended its fiscal year with $38.57 million in cash and cash equivalents
New Pacific Metals Corp. (NEWP), a Canadian mining issuer exploring and developing mineral properties in Bolivia, reported a net loss of $4.19 million for the fiscal year ended June 30, 2026. The result follows a net loss of $3.78 million in the previous fiscal year.
Loss attributable to equity holders for the 2026 fiscal year was $4.19 million, compared to $3.76 million in 2025. The basic and diluted loss per share remained at $0.02 a share for both years.
Operating expenses for the year ended June 30, 2026, were $5.95 million, a slight decrease from $5.98 million in 2025 and $6.94 million in 2024. The company said these expenses fluctuated over the last eight quarters due to changes in strategy and focus.
Income from investments rose to $1.01 million in 2026 from $787,597 in 2025. The company attributed the variation in interest income to fluctuations in interest rates and the availability of cash for investment in cashable GICs and short-term high-interest savings accounts. Other income for the 2026 fiscal year was $772,886, down from $1.41 million in 2025. The company said other income varies based on exchange rates between the Bolivianos, the United States dollar, and the Canadian dollar.
Liquidity increased significantly over the year. Cash and cash equivalents totaled $38.57 million as of June 30, 2026, compared to $16.84 million on June 30, 2025. Total current assets rose to $38.89 million from $17.09 million in the prior year. Total non-current assets increased to $121.61 million from $118.12 million.
Total current liabilities were $1.13 million at the end of the 2026 fiscal year, up from $927,450 in 2025. The company reported no non-current liabilities for either period.
On August 21, 2026, the company signed Administrative Mining Contracts for the Carangas Project with the Administrative Mining Jurisdictional Authority.