New Pacific Metals (NUAG) Q4 2025 earnings summary

Executive summary

• Filed a Preliminary Economic Assessment (PEA) for the Carangas Project, showing strong economic potential with a post-tax NPV (5%) of $501 million and IRR of 26% at base case prices.

• Secured legal protection for the Silver Sand Project, regaining access after artisanal miners withdrew following a court ruling.

• Community support obtained for the Carangas Project, enabling continued permitting and development.

• Appointed interim CEO and CFO in April 2025.

Financial highlights

• Net loss for the year ended June 30, 2025 was $3.76 million ($0.02/share), improved from $6.02 million ($0.04/share) year-over-year.

• Operating expenses for the year were $5.98 million, down from $6.94 million in the prior year.

• Working capital as of June 30, 2025 was $16.17 million.

• Income from investments for the year was $0.79 million, compared to $1.06 million last year.

• Foreign exchange gain for the year was $1.41 million, up from $0.08 million year-over-year.

Outlook and guidance

• Carangas PEA outlines a 16-year mine life (excluding 2 years pre-production), with significant silver, zinc, and lead output and a 3.2-year post-tax payback.

• Average life-of-mine all-in sustaining cost projected at $7.60/oz silver, net of by-products.

• Community and legal milestones support ongoing project advancement.