New Pacific Reports Financial Results FOR the Three and NINE Months Ended March 31, 2018
NEWS RE
Trading S
NEW PA
VANCOU
“Compan
and nine
This earn
Financial
posted u
website a
stated.
FINANCIA
Net loss a
$0.00 per
financial r
$2,420,12
the prior y
For the ni
$0.02 per
Loss from
2017 ‐ inc
earned on
For the ni
for the ni
Operating
2017 ‐ $6
ended M
activity.
Foreign e
2017 ‐ fo
bonds in
rates betw
ELEASE
Symbol: TSX V
ACIFIC REPOR
UVER, BRITIS
ny”) today an
months ende
nings release
Statements
under the Com
at www.newp
ALS
attributable to
r share (three m
results were m
22 in the prior
year; and, (iii)
ine months en
r share compa
m investments
come of $2,42
n bonds was p
ine months en
ne months end
g expenses fo
698,410). For
arch 31, 2017
exchange gain
oreign exchang
US dollars wh
ween the US d
Venture: NUA
RTS FINANCIA
SH COLUMBIA
nnounced its
ed March 31,
should be re
and Notes t
mpany’s prof
pacificmetals
o equity holde
months ended
mainly impacte
year; (ii) forei
operating exp
nded March 31
red to net inco
s for the three
20,122). Withi
partially offset
nded March 31
ded March 31
or the three m
the nine mon
7 ‐ $1,350,664
n for the three
ge loss of $15
hile the Comp
dollar and Can
AG
AL RESULTS F
A – MAY 1
unaudited c
, 2018.
ead in conjunc
to Financial
file on SEDAR
s.com. All fig
ers of the Com
d March 31, 20
ed by the follo
ign exchange g
penses of $748
1, 2018, net los
ome of $2,924
e months end
in the loss from
by gain of $40
1, 2018, loss fr
, 2017.
months ended
nths ended Ma
). The increas
e months ende
53,676). The C
pany’s functio
nadian dollar w
FOR THE THRE
8, 2018: Ne
ondensed co
ction with th
Statements f
R at www.sed
ures are expr
mpany for the t
017 ‐ net incom
owing: (i) loss f
gain of $474,4
8,893 compare
ss attributable
4,118 or $0.04
ded March 31,
m investments
0,235 on the Co
rom investme
March 31, 20
arch 31, 2018,
se in operatin
ed March 31,
Company hold
onal currency
will impact the
EE AND NINE
ew Pacific M
onsolidated in
e Company's
for the corre
dar.com and
ressed in Can
three months
me of $1,570,4
from investme
432 compared
ed to $698,410
e to equity hol
per share for
, 2018 was $3
s, loss of $76,9
ompany’s equ
nts was $543,
018 were $74
, operating ex
g expenses w
2018 was $47
ds a large por
is the Canadi
e financial res
E MONTHS EN
Metals Corp.
nterim financ
Managemen
esponding pe
are also avai
adian dollars
ended March
466 or $0.02 p
ents of $35,55
to foreign exc
0 in the prior y
ders of the Co
nine months e
35,551 (three
987 from fair v
uity investment
962 compared
8,893 (three m
xpenses were
as a result of
74,432 (three
rtion of cash a
an dollar. The
sults of the Co
NDED MARCH
(“New Pacif
cial results fo
nt Discussion
eriod, which
lable on the
s (CAD) unless
31, 2018 was
er share). The
51 compared t
change loss of
year.
ompany was $2
ended March 3
months ended
value change
ts.
d to income of
months ended
$2,487,090 (n
the Company
months ended
and cash equi
e fluctuation i
ompany. Durin
H 31, 2018
fic” or the
r the three
& Analysis,
have been
Company's
s otherwise
$258,719 or
e Company’s
to income of
$153,676 in
2,906,517 or
31, 2017.
d March 31,
and interest
f $3,741,354
d March 31,
nine months
y’s increased
d March 31,
ivalents and
in exchange
ng the three
months ended March 31, 2018, the US dollar appreciated by 2.8% against Canadian dollar (from 1.2545 to 1.2894)
while during the three months ended March 31, 2017 the US dollar depreciated by 0.8% against Canadian dollar
(from 1.3427 to 1.3322).
For nine months ended March 31, 2018, foreign exchange loss was $64,763 (nine months ended March 31, 2017 –
foreign exchange gain of $445,152).
SILVER SAND PROJECT
The Company started the preparation work for the planned exploration program after the acquisition of the Silver
Sand Project. In October 2017, the Company successfully received exploration permits required by the relevant
Bolivian government authorities and immediately commenced a 30,000 metre exploration drilling program on the
property. For the three and nine months ended March 31, 2018, total expenditures of $2,292,123 and $3,646,522,
respectively, were capitalized under the property. These expenditures were mainly related to the drilling program,
site and camp preparation, maintaining a regional office in La Paz, and building a competent management team
and workforce for the property.
ABOUT NEW PACIFIC
New Pacific Metals Corp. is a Canadian exploration and development company which owns the Silver Sand Project,
in the Potosi Department of Bolivia, the Tagish Lake Gold Project in Yukon, Canada, and the RZY Project in Qinghai
Province, China.
For further information, please contact:
New Pacific Metals Corp.
Investor Relations
Phone: (604) 633‐1368
Fax: (604) 669‐9387
www.newpacificmetals.com
CAUTIONARY NOTE REGARDING FORWARD‐LOOKING INFORMATION
Certain of the statements and information in this press release constitute “forward‐looking information” within the
meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or phrases such as “expects”, “is expected”,
“anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”,
“forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions,
events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any
of these terms and similar expressions) are not statements of historical fact and may be forward‐looking
statements or information.
Forward‐looking statements or information are subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ from those reflected in the forward‐looking
statements or information, including, without limitation, risks relating to: fluctuating equity prices, bond prices,
commodity prices; calculation of resources, reserves and mineralization, foreign exchange risks, interest rate risk,
foreign investment risk; loss of key personnel; conflicts of interest; dependence on management and others.
This list is not exhaustive of the factors that may affect any of the Company’s forward‐looking statements or
information. Forward‐looking statements or information are statements about the future and are inherently
uncertain, and actual achievements of the Company or other future events or conditions may differ materially from
those reflected in the forward‐looking statements or information due to a variety of risks, uncertainties and other
factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year
ended June 30, 2017 under the heading “Risk Factors”. Although the Company has attempted to identify important
factors that could cause actual results to differ materially, there may be other factors that cause results not to be as
anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward‐
looking statements or information.
The Company’s forward‐looking statements or information are based on the assumptions, beliefs, expectations and
opinions of management as of the date of this press release, and other than as required by applicable securities
laws, the Company does not assume any obligation to update forward‐looking statements or information if
circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any
other events affecting such statements or information. For the reasons set forth above, investors should not place
undue reliance on forward‐looking statements or information.