New Pacific Metals (NUAG) Q2 2025 earnings summary

Executive summary

• Reported net loss attributable to equity holders was $0.74 million for the quarter and $2.00 million for the six months ended December 31, 2024, improving from $1.52 million and $3.27 million losses in the prior year periods.

• Operating expenses decreased year-over-year to $1.59 million for the quarter and $3.20 million for the six months.

• Working capital stood at $17.63 million as of December 31, 2024.

Financial highlights

• Income from investments was $0.19 million for the quarter and $0.44 million for the six months, up from $0.28 million and $0.30 million in the prior year.

• Foreign exchange gain rose significantly to $0.64 million for the quarter and $0.74 million for the six months, compared to $0.02 million and $0.07 million in the prior year.

Segment performance

• Silver Sand project capitalized expenditures were $0.42 million for the quarter and $0.94 million for the six months, slightly up from $0.41 million but down from $1.38 million in the prior year.

• Carangas project capitalized expenditures were $0.39 million for the quarter and $0.75 million for the six months, up from $0.32 million but down from $0.94 million in the prior year.

• Silverstrike project capitalized expenditures were $0.01 million for the quarter and $0.03 million for the six months, consistent with prior year quarterly spend but down from $0.08 million for the six months.