New Pacific Metals reports net loss of 1.42 million

The Tip Desk · November 4, 2026 · 2 min read

The mining issuer recorded a net loss of 1.42 million for the three months ended September 30, 2026

New Pacific Metals Corp. (NEWP), a Canadian mining issuer exploring and developing mineral properties in Bolivia, reported a net loss of 1.42 million for the three months ended September 30, 2026. This compares to a net loss of 745,637 for the same period in 2025. The loss per share for the period was 0.01 a share.

Total operating expenses rose to 1.44 million from 1.32 million in the prior-year period. The increase was driven by higher costs in several categories, including share-based compensation, which rose to 403,290 from 324,826. Other contributing expenses included office and administration costs of 257,263 and corporate affairs and investor relations expenses of 123,732.

Other income declined significantly to 24,409 from 571,195 in the prior-year period. While income from investments rose to 316,590 from 114,051, the company recorded a foreign exchange loss of 293,751, compared to a foreign exchange gain of 457,144 in the same quarter of 2025.

Cash flow from operating activities showed improvement, with net cash used in operating activities totaling 310,697, compared to 672,226 used in the prior-year period. However, the company increased its investing activities, with net cash used in investing activities reaching 1.43 million, primarily due to 1.38 million in capital expenditures for mineral property interests.

Financing activities provided 306,943, stemming from the issuance of common shares for options exercised. As of September 30, 2026, the company held 36.92 million in cash and cash equivalents.

Total assets stood at 160.56 million at the end of the period, with mineral property interests accounting for 122.07 million. The company's total liabilities were 1.60 million.

New Pacific Metals continues to advance its precious metal projects in Bolivia, including the Silver Sand, Carangas, and Silverstrike projects. The company said it signed Administrative Mining Contracts for the Carangas Project through its Bolivian partner on August 21, 2026.