New Pacific Metals presses engagement in Bolivia, advancing Silver Sand, Carangas and Silverstrike
- New Pacific Metals is engaging Bolivia's incoming market‑oriented administration to socialize Silver Sand, Carangas and Silverstrike projects.
- New Pacific Metals continues funding exploration, drilling, project management and camp services across its Bolivian assets.
- New Pacific Metals reports modest operating expenses, net losses ($1.58m quarterly, $2.33m six months) and $41m working capital.
New Pacific presses engagement as Bolivia pivots policy
New Pacific Metals is actively engaging Bolivia’s incoming market‑oriented administration as the government moves to modernize mining laws, cut bureaucracy and attract foreign investment. The company says it is socializing its Silver Sand, Carangas and Silverstrike projects at all levels of the new administration, positioning itself to benefit from reforms aimed at strengthening legal certainty and combating illegal mining that has long plagued the sector.
The company continues to allocate capital toward exploration and project management as it advances those assets in Bolivia. Detailed schedules in its latest filing show ongoing capitalized items including reporting and assessment, drilling and assaying, project management and camp services across Silver Sand, Carangas and Silverstrike, reflecting sustained on‑the‑ground activity rather than a pause while policy changes are implemented.
New Pacific frames its continued spending and engagement as both preparatory and strategic: by maintaining project momentum and detailed technical programs it seeks to be ready to scale activity if the legal and regulatory environment becomes more conducive to orderly foreign investment. The company’s emphasis on formalizing project plans and management support underlines an intent to align project execution with the administration’s stated goals of reducing illegal activity and increasing legal certainty for miners.
Financial snapshot
New Pacific reports a consolidated operating picture showing modest operating expenses and a net loss for recent periods. For the three and six months ended Dec. 31, 2025, net loss attributable to equity holders is $1.58 million ($0.01 per share) and $2.33 million ($0.01 per share) respectively, against working capital of $41 million at period end. Operating expenses total $1.47 million and $2.79 million for the three and six months, with income from investments partly offsetting costs.
Project spending detail
The company discloses historical project cost balances (as of June 30, 2024) of about $89.0 million for Silver Sand, $19.85 million for Carangas and $4.93 million for Silverstrike, and provides category‑level breakdowns of recent capitalized exploration and project management expenditures. All reported amounts are in U.S. dollars and the firm says these items mainly influence its reported financial results while reflecting ongoing capital commitments to its Bolivian operations.