SEDAR Interim Financial Statements

[
  {
    "companyName": "New Pacific Metals Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 41547528,
      "receivables": 46115,
      "depositsAndPrepayments": 417816,
      "totalCurrentAssets": 42011459,
      "equityInvestments": 0,
      "propertyPlantAndEquipment": 1049946,
      "mineralPropertyInterests": 118478249,
      "totalNonCurrentAssets": 119528195,
      "totalAssets": 161539654,
      "accountsPayableAndAccruedLiabilities": 882092,
      "dueToARelatedParty": 132853,
      "totalCurrentLiabilities": 1014945,
      "totalLiabilities": 1014945,
      "shareCapital": 211787047,
      "shareBasedPaymentReserve": 20317914,
      "accumulatedOtherComprehensiveIncome": 9151894,
      "deficit": -80732146,
      "totalEquityAttributableToEquityHolders": 160524709,
      "totalEquity": 160524709,
      "totalLiabilitiesAndEquity": 161539654,
      "cashPerShare": 0.2353,
      "workingCapitalPerShare": 0.2321
    },
    "incomeStatement": {
      "projectEvaluationAndCorporateDevelopment": -24431,
      "depreciation": -91714,
      "filingAndListing": -218696,
      "corporateAffairsAndInvestorRelations": -205733,
      "professionalFees": -324639,
      "salariesAndBenefits": -864326,
      "officeAndAdministration": -537055,
      "shareBasedCompensation": -519566,
      "totalOperatingExpense": -2786160,
      "incomeFromInvestments": 420722,
      "foreignExchangeGainLoss": 35361,
      "totalOtherIncome": 456083,
      "netLoss": -2330077,
      "netLossAttributableToEquityHolders": -2330077,
      "netLossAttributableToNonControllingInterests": 0,
      "lossPerShareBasicAndDiluted": -0.01,
      "weightedAverageNumberOfCommonSharesBasicAndDiluted": 176614592
    },
    "cashFlowStatement": {
      "netLoss": -2330077,
      "incomeFromInvestments": -420722,
      "depreciation": 91714,
      "shareBasedCompensation": 519566,
      "foreignExchangeGainLoss": -35361,
      "changesInNonCashOperatingWorkingCapital": -218775,
      "interestReceived": 346712,
      "netCashUsedInOperatingActivities": -2046943,
      "mineralPropertyInterestCapitalExpenditures": -1475950,
      "propertyPlantAndEquipmentAdditions": -8856,
      "equityInvestmentsProceedsOnDisposals": 127184,
      "netCashUsedInInvestingActivities": -1357622,
      "proceedsFromIssuanceOfCommonSharesForBoughtDealNet": 27009239,
      "proceedsFromIssuanceOfCommonSharesForOptionExercised": 536718,
      "netCashProvidedByFinancingActivities": 27545957,
      "effectOfExchangeRateChangesOnCash": 566177,
      "decreaseInCash": 24707569,
      "cashAndCashEquivalentsBeginningOfPeriod": 16839959,
      "cashAndCashEquivalentsEndOfPeriod": 41547528
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property Interest",
        "description": "Silver Sand Project",
        "ownershipPercentage": 100,
        "value": 91705268,
        "notes": "Acquired July 20, 2017. Located in Potosí Department, Bolivia. Area: 5.42 km². Capitalized expenditures for six months ended Dec 31, 2025: $1,181,086."
      },
      {
        "type": "Mineral Property Interest",
        "description": "Carangas Project",
        "ownershipPercentage": 98,
        "value": 21733392,
        "notes": "Acquired April 2021. Located near Oruro, Bolivia. Area: 40.75 km². Capitalized expenditures for six months ended Dec 31, 2025: $396,361."
      },
      {
        "type": "Mineral Property Interest",
        "description": "Silverstrike Project",
        "ownershipPercentage": 98,
        "value": 5039589,
        "notes": "Acquired December 2019. Located near La Paz, Bolivia. Area: 13 km². Capitalized expenditures for six months ended Dec 31, 2025: $44,089."
      },
      {
        "type": "Equity Investments",
        "description": "Marketable securities",
        "ownershipPercentage": null,
        "value": 0,
        "notes": "Fair value as at Dec 31, 2025: $0 (June 30, 2025: $54,020). Includes fair value changes and interest income."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 183954769,
      "classesOfShares": ["common shares"],
      "warrants": [],
      "options": [
        {
          "number": 4068044,
          "exercisePrice": 2.7,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "USD",
      "periods": {
        "threeMonthsEndedDec312025": {
          "directorsCashCompensation": 16132,
          "directorsShareBasedCompensation": 14381,
          "keyManagementCashCompensation": 154596,
          "keyManagementShareBasedCompensation": 108566,
          "total": 293675
        },
        "sixMonthsEndedDec312025": {
          "directorsCashCompensation": 32468,
          "directorsShareBasedCompensation": 152034,
          "keyManagementCashCompensation": 251663,
          "keyManagementShareBasedCompensation": 216638,
          "total": 652803
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Silvercorp Metals Inc.",
          "description": "Office and administrative services, shared office space",
          "amount": 424735,
          "period": "six months ended December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "81,583 stock options exercised at an average exercise price of CAD $3.05",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "99,666 Restricted Share Units (RSUs) vested and distributed",
        "impactValue": null
      }
    ]
  }
]