Welcome to our dedicated page for New Pacific Metals news (Ticker: NEWP), a resource for investors and traders seeking the latest updates and insights on New Pacific Metals stock.
New Pacific Metals Corp. (TSX: NUAG, NYSE American: NEWP) is a Canadian mining and metals company, located at 200 Granville St, Vancouver, British Columbia, Canada, focused on the exploration and development of precious metal properties in Bolivia. The Company's flagship project, the Silver Sand Project, is poised to become one of the world's largest silver mines. Their portfolio also includes the Carangas Silver-Gold Project and the Silverstrike Silver-Gold Project, both showcasing promising exploration potential.
New Pacific Metals Corp. has recently reported its financial results for the quarter ending March 31, 2024, detailing a net loss of $1.27 million. As of this date, the Company maintained a working capital of $23.67 million. The financial reports demonstrate a focused allocation of capital towards their key projects, with significant expenditures in the Silver Sand and Carangas projects.
Recent Achievements: Notably, the Company has made substantial advancements in its Silver Sand Project, including a successful metallurgical test program that confirmed the exceptional properties of the deposit. The test outcomes support the upcoming Preliminary Feasibility Study (PFS), expected by mid-2024, which will highlight the project’s economic and developmental potential. The Carangas Project is also progressing with a Preliminary Economic Assessment (PEA) set for mid-2024, aiming to outline its conceptual economics.
New Pacific's exploration strategy is underpinned by strong partnerships with major industry players. Silvercorp Metals Inc. and Pan American Silver Corp. are among its top shareholders, providing strategic support. The Company engages internationally recognized consulting firms for technical assessments, ensuring compliance with rigorous industry standards.
Community and Environmental Commitment: The Company is committed to responsible mining practices, working closely with local communities and adhering to environmental regulations. They are actively involved in the Environmental Impact Assessment Studies for their projects and aim to coexist with artisanal miners in the region, fostering sustainable development initiatives.
New Pacific Metals Corp. continues to strengthen its position with a solid balance sheet, enabling ongoing exploration and development activities. For further information and updates, the Company encourages stakeholders to visit their website or contact their investor relations team.
New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) held its annual general meeting (AGM) with 76.37% shareholder participation, representing 130,978,159 common shares. All proposed matters were approved by majority vote. Seven directors were elected with strong approval rates ranging from 94.45% to 99.73%. Shareholders also approved the re-appointment of Deloitte LLP as the company's auditors.
New Pacific Metals (TSX: NUAG) (NYSE-A: NEWP) has filed an independent Preliminary Economic Assessment (PEA) technical report for its Carangas Silver-Gold-Lead-Zinc Project in Bolivia's Oruro Department. The PEA Technical Report, effective September 5, 2024, was prepared by RPMGlobal in compliance with NI 43-101 standards. The report is available on the company's website and SEDAR+, with no material differences from the information previously released on October 1, 2024.
New Pacific Metals Corp. (NEWP) has filed its fiscal 2024 annual report on Form 40-F with the U.S. Securities and Exchange Commission (SEC). The Form 40-F includes the company's fiscal 2024 annual audited financial statements, management's discussion and analysis, and annual information form. These documents are now available on the company's website and the SEC's website. New Pacific is also offering printed copies of these documents free of charge to its securityholders upon written request.
New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) has announced the filing of an independent Pre-Feasibility Study (PFS) technical report for its Silver Sand project in Potosi, Bolivia. The PFS Technical Report, effective June 19, 2024, complies with NI 43-101 standards. Qualified persons from AMC Mining Consultants, Halyard Inc., NewFields Canada Mining & Environment ULC, and BBA Engineering contributed to the report. The technical report is now available on SEDAR+, EDGAR, and the company's website.
New Pacific Metals (NYSE-A: NEWP) announced results from its pre-feasibility study (PFS) for the Silver Sand project in Bolivia. Key highlights include a post-tax net present value (NPV) of $740 million and an internal rate of return (IRR) of 37% at a silver price of $24/oz. The study projects a 13-year mine life producing 157 million ounces (Moz) of silver, with annual production exceeding 15 Moz in the first three years and a life-of-mine (LOM) average of 12 Moz annually.
Initial capital costs are estimated at $358 million, with a post-tax payback period of 1.9 years. The average LOM all-in sustaining cost (AISC) is projected at $10.69/oz. The project is expected to be a high-grade, low-cost silver producer. Future steps include securing surface rights and community agreements.
Economic sensitivity analysis shows robust project economics at various silver prices, with NPV and IRR remaining attractive even with increases in operating and capital costs. The company also faces challenges from illegal miners but is taking legal action and engaging with local communities to resolve these issues.
New Pacific Metals Corp. reports a net loss of $1.27 million for the three months ended March 31, 2024, with a working capital of $23.67 million. The company's financial results show a decrease in operating expenses and an increase in net income from investments. Project expenditures for the Silver Sand, Carangas, and Silverstrike projects are detailed in the press release.
New Pacific Metals Corp. reports positive results of its metallurgical test program for the Silver Sand project in Bolivia. The tests show high silvery recovery rates, low cyanide consumption, and potential for recovery enhancement. The company remains on track to deliver the Preliminary Feasibility Study results in June, with metallurgical properties exceeding expectations and potential for reduced operating costs.
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