Updated assessment for Carangas project shows 35.9% IRR, lifting NEWP stock in early trade.
New Pacific Metals (NEWP) climbed 3.8% after releasing an updated preliminary economic assessment for its Carangas silver-gold project in Bolivia. The report highlighted an after-tax net present value of $2.65 billion and a 35.9% internal rate of return under base-case metal prices.
The prior assessment did not disclose comparable NPV or IRR figures, making this the first detailed economic projection for the project. Analysts had anticipated strong project economics but lacked specific benchmarks for comparison.
Shares responded positively in early trading, reflecting investor optimism about the project’s viability and potential profitability.