New Pacific Metals Corp. is a Canadian public company - listed on TSX Venture Exchange - NUX and OTC Pink Sheets - NUXFF.
The company's mandate is to explore and develop gold-polymetallic projects in China, utilizing its operating experience in China.
New Pacific Metals Corp. (TSX-V : NUX) has the advantage to tap into the experienced operating team of its major shareholder
(23.25%) Silvercorp Metals Inc. (TSX : SVM, NYSE Amex : SVM).
New Pacific Metals Corp. - Company Overview -
·NUX's mandate is to become a self-sufficient metals producer utilizing its operating experience in China.
·NUX is continuing under groud tunneling on the Huaiji gold-polymetallic project to identify and define high grade gold mineral resources.
·The company is well financed with $11 million in working capital and has a strong shareholder base to attract additional financing when needed. (June 30, 2009)
The company is exploring in China for:
TSX-V: NUX OTC Pink Sheet: NUXFF
Share Price: $0.88 (Aug. 26, 2009)
Rolling 52 week High: $1.99 Low: $0.30
Shares Outstanding: 31.8 million
Shares Outstanding Fully Diluted: 35.1 million
Working Capital: $11.4 million (March 31, 2009)
Equivalent to $0.36 per share
Market Cap: $27.98 million (Aug. 26, 2009)
September 2009 - Latest Corporate Fact Sheet - http://www.newpacificmetals.com/factsheet/fact_sheet_200909.pdf
Major shareholder (23.25%) - Silvercorp Metals Inc. (TSX : SVM, NYSE Amex : SVM)
Silvercorp is China's largest primary silver producer and has achieved an enviable three-year track record of being the lowest cost producer of silver among its industry peers.
In Q2/2010 (ended September 30, 2009), the company produced 1.2 million ounces of silver at a cash cost of negative $6.33 per ounce.
At the same time, the company is growing its resource base through continuous exploration of existing projects as well as seeking to acquire new development projects in multiple jurisdictions.
It is one of only a handful of metals producers to pay shareholders a dividend (C$0.02 per share per quarter). http://www.silvercorpmetals.com/
(04/07/08) New Pacific Metals Corp. reported bonanza-grade results including 8.13 meters grading 99.91 g/t gold.
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| ||News Release: 2009 |
|Sep 28, 2009 ||New Pacific Metals Corp. Announces Results for the 4th Quarter and Year Ended June 30, 2009. |
|May 28, 2009 ||New Pacific Metals Corp. Announces Results for the 3rd Quarter Ended March 31, 2009. |
|Apr 29, 2009 ||Further High Grade Gold Mineralization Intersected by Underground Tunneling at the HNK Gold-Polymetallic Project, Guangdong Province, China. |
|Feb 26, 2009 ||New Pacific Metals Corp. Announces Results for the 2nd Quarter Ended December 31, 2008. |
|Feb 16, 2009 ||High Grade Gold Mineralization Intersected by Underground Tunneling at the HNK Gold-Polymetallic Project, Guangdong Province, China. |
|Jan 19, 2009 ||Incentive Stock Options Granted. |