New Pacific Metals Completes C$40.4 Million Bought Deal Financing
Financing Details: New Pacific Metals Corp. has successfully closed a bought deal financing, selling 11,385,000 common shares at C$3.55 each, raising approximately C$40.42 million, including an over-allotment option exercised by underwriters.
Investor Participation: Silvercorp Metals Inc. and Pan American Silver Corp. participated in the offering, acquiring 3,083,536 and 1,263,416 shares respectively, resulting in ownership stakes of approximately 27.99% and 11.47% in New Pacific.
Use of Proceeds: The company plans to utilize the net proceeds from the offering for exploration and development of its Carangas and Silver Sand projects, as well as for general corporate purposes.
Regulatory Compliance: The offering was conducted in compliance with Canadian securities laws, and the shares sold will not be registered under U.S. securities laws, limiting their sale to U.S. persons without proper registration or exemption.
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- Surge in Silver Prices: In December, silver prices surged by 35% to $76 per ounce, yet the Global X Silver Miners ETF only rose by 11%, indicating a significant disconnect that may lead investors to miss out on potential gains.
- Investor Denial: Schiff highlighted that silver mining stocks typically offer leveraged exposure to silver prices, but their underperformance amid a strong rally reflects a skeptical market attitude towards the sustainability of silver price increases.
- Attractive Investment Opportunity: Despite a 14% correction in silver prices, Schiff suggests that silver mining stocks are now better buys, potentially attracting investors looking to capitalize on silver price fluctuations.
- Historic Gains: Silver prices have increased by 154.57% year-to-date in 2023, while leading silver mining stocks have failed to keep pace, indicating a potential undervaluation in the market that could present future investment opportunities.
- Silver Price Surge: Silver has rallied 152% year-to-date, reaching a historic high of $82 per ounce, significantly outperforming gold's 66.22% increase, indicating strong market performance and investment appeal.
- Supply-Demand Tightness: The silver market is projected to face its seventh consecutive year of deficit by 2025, with a cumulative shortfall nearing 800 million ounces since 2021, suggesting potential upward pressure on prices in the future due to soaring industrial demand.
- Market Backwardation: The silver market has experienced a phenomenon known as “backwardation,” where spot prices exceed futures prices, reflecting acute physical supply shortages globally, particularly with inventories on Shanghai exchanges at decade lows.
- Investment Opportunities: As silver prices rise, investors may consider ETFs like the iShares Silver Trust, which directly holds physical silver, with prices potentially testing $85 to $100 per ounce, offering significant investment return potential.
ETF Performance: The Sprott Silver Miners & Physical Silver ETF is underperforming, down approximately 4.9% in Thursday afternoon trading.
Weakest Components: Notable declines among ETF components include New Pacific Metals, which fell by about 3.3%, and Triple Flag Precious Metals, down by about 1.2%.
Market Context: The article provides insights into the performance of specific ETFs and their components, reflecting broader market trends.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
- ETF Performance: The KraneShares CSI China Internet ETF is underperforming, down approximately 2% in Tuesday afternoon trading.
- Weakest Components: Notable declines among its components include Iqiyi, which fell by about 3.4%, and Tal Education Group, which decreased by around 3%.
- Market Context: The performance of the ETF is contrasted with other ETFs, indicating a broader market trend.
- Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.

- Successful AGM: New Pacific Metals Corp. held its annual general meeting on November 28, 2025, with 144,270,137 common shares voted, representing 78.53% of all outstanding shares, indicating strong shareholder engagement in corporate governance.
- Director Election Results: In the director elections, Dickson Hall received 99.85% support, reflecting strong shareholder confidence in his leadership, while other candidates also garnered high approval rates, showcasing the stability of the company's governance structure.
- Auditor Reappointment: Shareholders approved the reappointment of Deloitte LLP as the company's auditors for the upcoming year, ensuring financial transparency and compliance, which enhances investor confidence.
- Commitment to Disclosure: The company pledged to publish final voting results on SEDAR+ and EDGAR, ensuring transparency and improving its credibility and attractiveness in the capital markets.

- Successful AGM: New Pacific Metals held its annual general meeting on November 28, 2025, where 144,270,137 common shares represented 78.53% of the voting rights, and all resolutions submitted were approved, indicating strong shareholder support for corporate governance.
- Director Election Results: In the director elections, Dickson Hall received 99.85% approval, demonstrating significant trust in his leadership, while Paul Simpson garnered 96.52%, reflecting shareholder confidence in his management capabilities.
- Auditor Reappointment: Shareholders also approved the reappointment of Deloitte LLP as the company's auditors for the upcoming year, ensuring financial transparency and compliance, which further enhances investor confidence.
- Commitment to Disclosure: All voting results will be disclosed via SEDAR+ and EDGAR platforms, showcasing the company's commitment to transparency and helping to build trust with the market and attract potential investors.








