Bolivia Reform Push Could Accelerate New Pacific Metals' Silver Sand Project
- • New Pacific is actively engaging Bolivia’s new government to secure faster permitting, regulatory clarity and enforcement, notably Silver Sand. • Company stresses reforms depend on implementation; continues capitalization, project management and community engagement to mitigate illegal mining risks. • Quarterly net losses small; working capital $41M; Silver Sand ~$89M, Carangas $19.85M, Silverstrike $4.93M.
Bolivia reform push creates window for New Pacific project progress
VANCOUVER, Feb 11 (Reuters) - Bolivia’s new government is pursuing a market‑oriented economic shift and pledging to modernize mining laws to reduce bureaucracy, strengthen legal certainty, combat illegal mining and attract foreign investment, a policy change that New Pacific Metals Corp. is actively engaging with at all levels. The Vancouver-based explorer is socializing its Bolivian projects with the administration, seeking to position its assets to benefit from any faster permitting, clearer regulatory frameworks and heightened enforcement against illegal operations.
Company executives are using the outreach to highlight the scale and readiness of New Pacific’s portfolio, notably its Silver Sand deposit, alongside Carangas and Silverstrike, and to press for regulatory clarity that could ease the path from exploration to development. Silver Sand represents the largest capitalized project balance in the filing, underlining why the company places priority on securing government support and legal certainty. New Pacific frames the dialogue as necessary for addressing local concerns, improving community relations and mitigating risks posed by illegal mining activity that can disrupt operations.
While the policy direction in La Paz offers potential upside, New Pacific cautions that outcomes depend on implementation and timelines for legal reforms. The company continues to capitalise exploration and maintain project management support and camp services while it advances stakeholder engagement, saying the combination of working capital and sustained on‑the‑ground activity positions it to respond if regulatory reforms accelerate permitting or attract third‑party investment.
Quarterly financial snapshot
For the three and six months ended Dec. 31, 2025, New Pacific reports net losses attributable to equity holders of $1.58 million ($0.01 per share) and $2.33 million ($0.01 per share), respectively, compared with $0.74 million and $2.00 million in the comparable 2024 periods. Operating expenses are $1.47 million and $2.79 million for the three and six months; income from investments is $0.31 million and $0.42 million. Working capital at Dec. 31, 2025 is $41 million. All figures are in U.S. dollars.
Ongoing capitalisation and project costs
The company provides a detailed schedule of capitalized exploration and project management expenditures across Silver Sand, Carangas and Silverstrike, reflecting continued investment during the period. Reported project cost balances (as of June 30, 2024) are $88.98 million for Silver Sand, $19.85 million for Carangas and $4.93 million for Silverstrike, with significant project management and camp service costs recorded during the reported periods.
