Canada's New Pacific Metals Q1 net loss widens on higher costs

New Pacific Metals

03/11/2026 22:56

Overview
Canada precious metals explorer's fiscal Q1 net loss widened yr/yr
Company's operating expenses and foreign exchange losses increased from prior year
Company advanced Carangas project with signed mining contracts and updated economic assessment

Outlook
Company did not provide specific financial or operational guidance for the upcoming periods

Result Drivers
OPERATING EXPENSES - Higher operating expenses contributed to the wider net loss in Q1
FOREIGN EXCHANGE LOSS - Company recorded a foreign exchange loss in Q1, compared with a gain in the prior-year period
PROJECT EXPENDITURES - Increased capitalized expenditures at Carangas project during the quarter

Company press release: ID:nPn7skM6Ya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Loss Per Share
 
$0.01
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the diversified mining peer group is "buy"
Wall Street's median 12-month price target for New Pacific Metals Corp. is C$8.75, about 28.5% above its November 2 closing price of C$6.81

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)