FAQ: New Pacific Metals Corp. Fiscal Q1 2026 Results and Leadership Updates
Summary
New Pacific Metals Corp. reported improved financial results for Q1 2026 with reduced net losses and announced key leadership appointments, including a new CEO and CFO, while securing significant funding through a bought deal financing.
What were New Pacific Metals’ financial results for Q1 2026?
The company reported a net loss of $0.75 million, or $0.00 per share, for the three months ended September 30, 2025, which represents an improvement from the prior-year period’s net loss of $1.26 million, or $0.01 per share.
What significant financing activity did New Pacific Metals complete?
On October 21, 2025, the company closed a bought deal financing, selling 11,385,000 common shares at CAD $3.55 per share for total gross proceeds of approximately CAD $40.4 million (US$28.8 million), with Raymond James Ltd. acting as sole bookrunner and co-lead with BMO Nesbitt Burns Inc.
What leadership changes were announced?
On October 23, 2025, New Pacific appointed Jalen Yuan as CEO and Chester Xie as CFO, with Yuan also joining the board of directors.
What was the company’s financial position as of September 30, 2025?
As of September 30, 2025, the company reported working capital of $14.88 million, operating expenses of $1.32 million, investment income of $0.11 million, and a foreign exchange gain of $0.46 million.
What projects does New Pacific Metals have in development?
New Pacific has three precious metal projects in Bolivia: the flagship Silver Sand project with potential to become one of the world’s largest silver mines, the high-margin silver-lead-zinc Carangas project, and the Silverstrike project where a discovery drill program was completed in 2022.
Where can investors find more information about New Pacific Metals?
The latest news and updates relating to NEWP are available in the company’s newsroom at http://ibn.fm/NEWP, and the full press release can be viewed at https://ibn.fm/vDDUQ.
How does the current financial performance compare to the previous year?
The company showed improvement, with the net loss decreasing from $1.26 million ($0.01 per share) in the prior-year period to $0.75 million ($0.00 per share) in the current quarter.
What type of company is New Pacific Metals?
New Pacific is a Canadian exploration and development company focused on precious metal projects in Bolivia, with its flagship Silver Sand project having significant potential for silver production.
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