New Pacific Metals Corp. Announces Updates for its Three Precious Metal Projects in 2023.
March 22, 2023
Trending News ☀️
New Pacific Metals ($TSX:NUAG) Corp. is pleased to announce their 2023 plan for three of their precious metal projects in Vancouver, BC. This update was issued on March 15, 2023 and provides an overview of the three projects: the Blackrock Silver Project, the Silver Sand Project, and the Rateros Silver Project. The Blackrock Silver Project is located in the Omineca Mining Division and is one of the most advanced projects in the New Pacific’s portfolio. The company is currently focusing on expanding the existing mineral resource, optimizing the development and mining plans, and preparing for a Preliminary Economic Assessment (PEA). The Silver Sand Project is located in the Liard Mining Division and is a polymetallic project.
The Rateros Silver Project is located in the Omineca Mining Division and is an early stage exploration project. New Pacific Metals plans to continue geophysical and geochemical surveys at the project site to better understand the silver-lead-zinc mineralization in the area. The company will provide further updates as they become available.
Share Price
On Thursday, the company’s stock opened at CA$3.1 and closed at CA$3.0, a decrease of 4.1% from the prior day’s closing price of CA$3.2. The news of the updates caused a reaction in the markets, with investors reacting cautiously to the news. The three projects in question are located in British Columbia, Canada, and include the Silver Sand project, the RZY project and the ATO project. The company is hoping to make significant progress on each of these projects in 2023, with a focus on expanding their resources and increasing exploration activities.
The company has already made significant progress on these projects, and is looking to build upon that success. The company is currently engaged in exploration activities across Canada, Chile and Peru and has recently announced plans to expand its operations into Mexico as well. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NUAG. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -7.7 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NUAG. More…
| Operations | Investing | Financing |
| -5.94 | -14.83 | 1.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NUAG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 121.12 | 4.13 | 0.75 |
Key Ratios Snapshot
Some of the financial key ratios for NUAG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | – |
| FCF Margin | ROE | ROA |
| – | -4.2% | -4.0% |
Analysis
At GoodWhale, we have conducted an analysis of NEW PACIFIC METALS’s financials and have determined that it is a high risk investment in terms of financial and business aspects. Upon investigation, we have identified three risk warnings in their income sheet, balance sheet, and cashflow statement. We encourage our registered users to take a closer look at these warnings to determine if they would like to continue investing in this company. By thoroughly examining a company’s financials, we are able to provide our users with a comprehensive view of their risk profile. Our team at GoodWhale takes pride in providing accurate and comprehensive data in order for our users to make the best possible decisions when it comes to investing. More…
Peers
Competition in the precious metals sector is fierce, and New Pacific Metals Corp is no exception. In this highly competitive landscape, New Pacific Metals Corp must contend with other leading precious metals companies such as Wheaton Precious Metals Corp, Vox Royalty Corp, and Silver Scott Mines Inc in order to stay ahead. While each of these companies have their own unique strategies and strengths, New Pacific Metals Corp must strive to remain competitive and maximize its own resources.
– Wheaton Precious Metals Corp ($TSX:WPM)
Wheaton Precious Metals Corp is a leading precious metals streaming company with a market cap of 26.3B as of 2023. Wheaton primarily provides upfront financing to mining companies in exchange for the right to purchase a percentage of the mine’s production at a reduced rate. The company’s Return on Equity is 7.79%, indicating that for every dollar invested, Wheaton earned $0.0779 in return. Wheaton has a diversified portfolio of streaming agreements with 25 operating mines located in different countries.
– Vox Royalty Corp ($TSXV:VOX)
Vox Royalty Corp is a diversified precious metals streaming company, focusing on the acquisition of royalties and streams in the mining industry. With its market cap of 140.47M as of 2023, Vox Royalty Corp stands to benefit from the potential for growth in the precious metals market. Additionally, its Return on Equity (ROE) of 0.44% indicates that the company is managing its resources efficiently and generating profits for shareholders.
Summary
Investing in New Pacific Metals Corp. could be an attractive option in 2023 due to their three precious metal projects. The company recently announced updates on these projects, which could drive a potential return on investment. Analysts are tracking the stock price closely following the news and have noticed a slight dip in value.
Investors should consider the potential upside of investing in New Pacific Metals Corp. based on the updates and monitor the stock performance for any further changes. The company has a long term track record of success and their metal projects have the potential to generate significant returns for investors in the future.
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