New Pacific Metals NEWP Q1 2027: Loss Widens but $2.65B Bolivia Project Advances
As seen on the 24/7 Wall St. homepage on November 3, 2026.
The loss widened, missing expectations on a foreign exchange swing, while 30-year mining contracts were signed for the Carangas silver-gold project in Bolivia, backed by an updated study showing a $2.65 billion post-tax NPV. Ratification by Bolivia's legislature is the remaining gate.
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New Pacific Metals reported a net loss of $0.01 per share for its fiscal first quarter ended September 30, 2026, missing the consensus estimate of $0.007. The company remains pre-revenue, so the bottom line is the only financial scoreboard that matters quarter to quarter, and this one moved in the wrong direction.
The main culprit was a swing in foreign exchange: the quarter absorbed a foreign exchange loss of $0.29 million, compared with a gain of $0.46 million in the same period a year earlier. Income from investments of $0.32 million provided a partial cushion, while operating expenses edged up to $1.44 million from $1.32 million. Capitalized expenditures at Carangas also jumped to $0.92 million from $0.17 million, reflecting accelerating development work on the ground.
New Pacific signed 30-year Administrative Mining Contracts with AJAM covering roughly 39 square kilometers of its Carangas Silver-Gold Project in Bolivia. The contracts are anchored by an updated preliminary economic assessment, effective July 16, 2026, that puts the project's post-tax net present value at $2.65 billion with an internal rate of return of 35.9%, an initial capital requirement of $644.5 million, and a 2.4-year payback period.
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The Carangas mine plan envisions a 19-year life producing about 195 million ounces of payable silver, 1.1 million ounces of payable gold, plus significant zinc and lead output. New Pacific holds a 98% economic interest in the project, so the upside is heavily weighted toward its shareholders if development proceeds as modeled.
The critical open item is legislative ratification. The signed mining contracts must still be approved by Bolivia's Plurinational Legislative Assembly before they carry full legal force. The company is also working to secure state-held concessions required for the Carangas gold-zone pit design, and broader risks include social unrest in Bolivia and foreign exchange volatility. Until ratification clears, the $2.65 billion NPV figure remains contingent rather than confirmed.
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Mentioned: NEWP