New Pacific Metals' Fiscal 2027 First-Quarter Loss Widens to $1.42 Million

New Pacific Metals Corp.’s net loss attributable to equity holders widened to $1.42 million in its fiscal 2027 first quarter, as foreign exchange swung to a loss and operating expenses increased.

For the three months ended Sept. 30, 2026, the Canadian precious metals developer recorded a $0.01 loss per share. Its year-earlier loss per share rounded to $0.00, while its net loss totaled $0.75 million.

Operating expenses rose to $1.44 million from $1.32 million a year earlier. New Pacific recorded a $0.29 million foreign exchange loss after a $0.46 million gain in the comparable quarter. Investment income increased to $0.32 million from $0.11 million, partially offsetting those pressures.

New Pacific has projects in Bolivia, including Carangas. It capitalized $0.92 million in spending on Carangas during the quarter, up from $0.17 million a year earlier. The company had $35.94 million in working capital at Sept. 30.

New Pacific’s Bolivian partner signed Administrative Mining Contracts for Carangas on Aug. 21, 2026. The contracts await ratification and approval by Bolivia’s legislature.