New Pacific Metals Corp. (TSX: NUAG; NYSE-A: NEWP) reported on August 14, 2026 that it has filed the formal National Instrument 43-101 (NI 43-101) technical report for its Carangas silver-gold project in Oruro Department, Bolivia. NI 43-101 is a Canadian securities rule that governs how mining companies disclose technical and scientific information about their projects; a filed technical report is the detailed, standardized document that has to back up any headline project economics a company announces, and it has to be prepared and signed off by an independent, professionally accountable Qualified Person.
What This Confirms
The report supports figures New Pacific first announced on July 17, 2026: an updated Preliminary Economic Assessment (PEA) for Carangas estimating a post-tax net present value of $2.65 billion at a 5% discount rate, a 35.9% internal rate of return, and total projected production of 339.0 million ounces of silver equivalent over the life of the mine. A PEA is an early-stage study that estimates whether a project could be economic based on assumed costs, metal prices, and a preliminary mine plan; it’s a planning-level estimate, not a construction-ready analysis. New Pacific said there are no material differences between the newly filed technical report and the numbers in the July release, meaning this filing is a formal validation step confirming those figures rather than a new update to the project’s economics.
As with any such filing, the distinction matters for how much weight a reader should put on the numbers. A company’s own press release presents figures the company believes in; a filed NI 43-101 report means an outside engineering firm has reviewed the underlying work and put its own name and professional liability behind it. In this case, the report was prepared by Ausenco Engineering Canada ULC, an independent engineering firm, with an effective date of July 16, 2026.
About the Project
Carangas is a silver-gold project in Oruro Department, Bolivia, and is one of two precious metals projects New Pacific is advancing in the country, alongside its larger Silver Sand project in Potosí, which the company describes as having the potential to become one of the world’s largest silver mines. New Pacific says it has spent close to a decade building operating experience in Bolivia, a factor the company points to when discussing execution risk on projects like Carangas. Both projects remain in the permitting stage, meaning neither has reached a construction decision.
What’s Still Ahead
A positive PEA, even one now backed by a filed technical report, is not a construction decision. New Pacific has not announced a timeline for advancing Carangas to a feasibility study or a final construction decision, and all of the project’s economics, metal price assumptions, cost estimates, and the estimated production and returns, remain forward-looking projections rather than guaranteed outcomes.
Sources
Editorial Disclosure
This article is based on a press release issued by New Pacific Metals Corp. on August 14, 2026, distributed via PRNewswire, which itself confirms figures from an earlier New Pacific Metals release dated July 17, 2026. Securities discussed: New Pacific Metals Corp. (TSX: NUAG; NYSE-A: NEWP). Mining Markets Report has not received compensation from New Pacific Metals, its management, investor relations representatives, or any third party for this coverage. No staff member or principal of Mining Markets Report holds a position in this security at the time of publication. The Preliminary Economic Assessment referenced in this article is a preliminary-stage economic study based on assumed metal prices, costs, and a preliminary mine plan; it is preliminary in nature and there is no certainty that the projected economics will be realized. Mineral Reserve and Mineral Resource estimates disclosed under NI 43-101 are prepared under Canadian standards that differ from U.S. Securities and Exchange Commission standards and may not be directly comparable to figures reported by U.S. domestic issuers. Statements regarding future project development, exploration upside, and any advancement toward feasibility or construction are forward-looking and involve known and unknown risks; actual results may differ materially. References to this company are for market context and analytical purposes only and do not constitute an investment recommendation. All securities carry investment risk including possible loss of capital. Coverage on Mining Markets Report is for informational and educational purposes only; Mining Markets Report is not a registered investment advisor. Readers should conduct their own due diligence and consult a qualified financial advisor before making investment decisions.
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