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NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2022
NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2022 ...
About this update from New Pacific Metals Corp
[{"type":"text","content":"\n \n \n \n NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2022\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 11, 2022\n \n \n /CNW/ - New Pacific Metals Corp. (\"New Pacific\" or the \"Company\") reports its unaudited consolidated financial results for the three and nine months ended\n \n March 31, 2022\n \n , the third quarter of fiscal 2022.  All figures are expressed in US dollars unless otherwise stated.\n \n \n \n \n \n \n \n \n \n \n QUARTERLY HIGHLIGHTS\n \n \n \n \n Reported assay results of the 2021-2022 drill program at Silver Sand Project. The 2021 drill programs comprise structural orientation drilling, step-out and infill drilling as well as exploration drilling. Assay results of all 55 holes completed in 2021 and results of 13 holes from 48 holes in\n \n 10,520 m\n \n completed during the quarter under the 2022 drill program have been received;\n \n \n \n \n Reported assay results of 25 drill holes from the discovery drill program completed in 2021 at the Carangas Silver-Gold Project. All drill holes with assay results intersected silver-rich polymetallic mineralization near surface with some deep holes intersecting a wide zone of gold mineralization below; and\n \n \n \n \n Maintained working capital of\n \n $34.7 million\n \n , sufficient to advance the Silver Sand Project, the Carangas Project and other regional exploration initiatives.\n \n \n \n \n FINANCIAL RESULTS\n \n \n \n \n Net loss attributable to equity holders of the Company\n \n for the three months ended\n \n March 31, 2022\n \n was\n \n $1.41\n \n million or\n \n $0.01\n \n per share (three months ended\n \n March 31\n \n , 2021 – net loss of\n \n $1.69 million\n \n or\n \n $0.01\n \n per share).  The Company's financial results were mainly impacted by the following: (i) operating expenses of\n \n $1.52 million\n \n compared to\n \n $1.60 million\n \n in the prior year quarter; (ii) income from investments of\n \n $0.12 million...