New Pacific Metals (NUAG) Q2 2026 earnings summary

Executive summary

• Bolivia's new government is shifting to a market-oriented economic model, pledging mining law modernization to attract foreign investment and reduce bureaucracy.

• Active engagement with Bolivian authorities is ongoing to advance project interests.

Financial highlights

• Net loss attributable to equity holders was $1.58 million ($0.01/share) for Q2 FY2026 and $2.33 million ($0.01/share) for the six months ended December 31, 2025, compared to $0.74 million and $2 million, respectively, for the same periods last year.

• Working capital stood at $41 million as of December 31, 2025.

• Operating expenses were $1.47 million for Q2 and $2.79 million for the six months, down from $1.59 million and $3.20 million year-over-year.

• Income from investments was $0.31 million for Q2 and $0.42 million for the six months, up from $0.19 million and $0.44 million year-over-year.

• Foreign exchange loss was $0.42 million for Q2, but a gain of $0.04 million for the six months, compared to gains of $0.64 million and $0.74 million last year.

Segment performance

• Silver Sand project capitalized expenditures were $0.67 million for Q2 and $1.18 million for the six months, up from $0.42 million and $0.94 million year-over-year.

• Carangas project capitalized expenditures were $0.22 million for Q2 and $0.40 million for the six months, down from $0.39 million and $0.75 million year-over-year.

• Silverstrike project capitalized expenditures were $0.03 million for Q2 and $0.04 million for the six months, up from $0.01 million and $0.03 million year-over-year.