New Pacific Metals intensifies engagement with Bolivia after mining law pivot
- New Pacific Metals intensifying engagement with Bolivia after November policy pivot to modernize laws, reduce bureaucracy, attract investment.
- New Pacific Metals socializing Silver Sand, Carangas and Silverstrike with officials to clarify permits, speed approvals, improve security.
- New Pacific Metals reported Dec‑31 quarterly loss $1.58M; working capital $41M; capitalized project costs $113.77M.
VANCOUVER, Feb 11 (Reuters) - New Pacific Metals is intensifying engagement with Bolivia’s new government after a policy pivot in November that vows to modernize mining laws, reduce bureaucracy and attract foreign investment, the Vancouver-based explorer says.
Bolivia's Mining Overhaul Spurs New Pacific Outreach
New Pacific says the administration’s shift to a more market‑oriented economic model and pledges to strengthen legal certainty and combat illegal mining materially change the operating backdrop for its Bolivian projects. The company is actively socializing its Silver Sand, Carangas and Silverstrike projects with officials at all levels of government, seeking clarity on permitting pathways and the practical implementation of law modernisation measures. New Pacific frames the outreach as aimed at aligning project development plans with regulatory priorities, improving timelines for approvals and reducing operational friction that has historically affected exploration and early-stage development.
Company executives stress that reduced bureaucracy and heightened enforcement against illegal mining could improve security and community relations around Silver Sand, a flagship silver project, and Carangas, a complementary deposit. New Pacific says it is engaging local stakeholders and regulators to ensure any law changes support environmental oversight and social licence conditions, while also facilitating responsible foreign participation. The company highlights the potential for clearer rules to accelerate infrastructure planning, drilling programs and related permitting, contingent on the final form and timing of legislative reforms.
Management adds that legal certainty is central to long‑term mine planning and capital allocation, and that the new administration’s stated priorities provide a platform for more detailed project-level discussions. New Pacific is positioning itself to translate policy shifts into practical steps on the ground, including advancing environmental studies and community consultation programs that would be needed to move projects toward development.
Quarterly financial snapshot
For the three and six months ended Dec. 31, 2025, New Pacific reports net losses attributable to equity holders of $1.58 million ($0.01 per share) and $2.33 million ($0.01 per share), versus losses of $0.74 million and $2.00 million in the comparable 2024 periods. Working capital stands at $41.0 million; operating expenses total $1.47 million and $2.79 million for the three and six months.
Ongoing project spending and capitalisation
The company discloses project cost balances as of June 30, 2024 of $88.98 million at Silver Sand, $19.85 million at Carangas and $4.93 million at Silverstrike (total $113.77 million). Detailed capitalised exploration spending for the reporting periods includes categories such as reporting and assessment, drilling and assaying, project management and camp services across the three projects. All amounts are stated in U.S. dollars.