New Pacific Metals Corp. (NEWP): Strengthening Local Ties and Project Momentum

New Pacific Metals Corp. (NYSEAMERICAN:NEWP) is one of the best silver stocks to watch in 2026, with more than 15% upside potential. On February 23, New Pacific Metals Corp. (NYSEAMERICAN:NEWP) confirmed it has made significant progress as it seeks to kick-start operations at the Carangas silver-gold project in Bolivia’s Oruro Department.

New Pacific Metals Corp. (NEWP): Strengthening Local Ties and Project Momentum

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The company signed a Framework Agreement with the local community outlining terms and commitments. The agreement includes fixed annual contributions to a community development fund tied to project stages, as well as a community resettlement plan for relocating Carangas village.

Following the agreement, New Pacific Metals will commence a feasibility study upon the grant of mining permits and conduct infill drilling to upgrade resources. Exploration will target deeper zones and new targets. The company boasts a solid balance sheet that allows it to meet its commitments and accelerate the exploration and drilling activities.

Earlier on February 11, the company delivered disappointing financial results for the three months and six months ended December 31, 2025. The company posted a net loss of $1.58 million or $0.01 a share and a loss and $2.33 million or $0.01 a share for the three and six months. It was a significant increase from a net loss of $0.74 million and $2 million for the three and six months ended December 31, 2024.

New Pacific Metals Corp. (NYSEAMERICAN:NEWP) is a Canadian mining company developing precious metal projects in Bolivia, primarily focused on its flagship Silver Sand project, and also active at Carangas and Silverstrike.

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