New Pacific Metals (NEWP)


Market Price (10/17/2026): $6.56 | Market Cap: $1.2 BilSector: Materials | Industry: Silver

New Pacific Metals (NEWP)


Market Price (10/17/2026): $6.56
Market Cap: $1.2 Bil
Sector: Materials
Industry: Silver

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, and Advanced Materials. Themes include Silver for Solar & Clean Energy Components, and Precious & High-Performance Metals Supply.

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.0 Mil

Stock price has recently run up significantly
12M Rtn12 month market price return is 129%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.4%

Key risks
NEWP key risks include [1] significant political and regulatory uncertainty in Bolivia, Show more.

0 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, and Advanced Materials. Themes include Silver for Solar & Clean Energy Components, and Precious & High-Performance Metals Supply.
1 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.0 Mil
3 Stock price has recently run up significantly
12M Rtn12 month market price return is 129%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.4%
5 Key risks
NEWP key risks include [1] significant political and regulatory uncertainty in Bolivia, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/16/2026

New Pacific Metals (NEWP) stock has gained about 65% since 6/30/2026 because of the following key factors:

1. Significant Update to Carangas Project's Preliminary Economic Assessment (PEA).

New Pacific Metals announced on July 16, 2026, an updated PEA for its Carangas project, which significantly enhanced the project's economic outlook. The updated PEA, effective July 16, 2026, outlined a post-tax Net Present Value (NPV) of $2.65 billion (at a 5% discount rate) and an Internal Rate of Return (IRR) of 35.9% under base case metal prices of $45.00/ounce for silver and $3,400/ounce for gold. This assessment also projected a 19-year mine life, expected to produce approximately 195 million ounces of payable silver and 1.1 million ounces of payable gold. This updated evaluation, which considered an increased throughput rate and the inclusion of the gold zone, underscored the robust economics and long-term potential of the project, serving as a primary catalyst for investor interest.

2. Securing Long-Term Administrative Mining Contracts for the Carangas Project.

Further de-risking its flagship Carangas project, New Pacific Metals signed Administrative Mining Contracts (AMCs) on August 21, 2026. These contracts, executed with Bolivia's Administrative Mining Jurisdictional Authority (AJAM), secure a 30-year fixed term for approximately 39 km² of the Carangas project area. This milestone provides a stable legal framework for future development and operations, signaling progress in permitting and bolstering investor confidence in the project's advancement.

Show more
Updated on 10/16/2026

New Pacific Metals (NEWP) stock has gained about 65% since 6/30/2026 because of the following key factors:

1. Significant Update to Carangas Project's Preliminary Economic Assessment (PEA).

New Pacific Metals announced on July 16, 2026, an updated PEA for its Carangas project, which significantly enhanced the project's economic outlook. The updated PEA, effective July 16, 2026, outlined a post-tax Net Present Value (NPV) of $2.65 billion (at a 5% discount rate) and an Internal Rate of Return (IRR) of 35.9% under base case metal prices of $45.00/ounce for silver and $3,400/ounce for gold. This assessment also projected a 19-year mine life, expected to produce approximately 195 million ounces of payable silver and 1.1 million ounces of payable gold. This updated evaluation, which considered an increased throughput rate and the inclusion of the gold zone, underscored the robust economics and long-term potential of the project, serving as a primary catalyst for investor interest.

2. Securing Long-Term Administrative Mining Contracts for the Carangas Project.

Further de-risking its flagship Carangas project, New Pacific Metals signed Administrative Mining Contracts (AMCs) on August 21, 2026. These contracts, executed with Bolivia's Administrative Mining Jurisdictional Authority (AJAM), secure a 30-year fixed term for approximately 39 km² of the Carangas project area. This milestone provides a stable legal framework for future development and operations, signaling progress in permitting and bolstering investor confidence in the project's advancement.

3. Favorable Macroeconomic Environment with Elevated Precious Metal Prices.

The stock benefited from a strong tailwind in the precious metals market, with current spot prices for silver and gold significantly exceeding the base case assumptions in the Carangas PEA. As of October 8, 2026, silver was trading around $60/ounce and gold around $4119/ounce, considerably higher than the $45.00/ounce for silver and $3,400/ounce for gold used in the PEA's base case. These higher market prices suggest an even greater potential value for the Carangas project than initially estimated, positively influencing investor sentiment for New Pacific Metals.

4. Progress in Bolivian Mining Investment Climate and Continued Project Advancement.

New Pacific Metals has benefited from a noticeable shift in investor attention towards Bolivia's mineral potential since late 2025, alongside the Bolivian government working on a new foreign-investment framework and amendments to mining laws. Concurrently, the company continued to advance its Silver Sand project, which is undergoing community negotiations and preparing for feasibility-stage technical work, and initiated a 30,000-meter drilling campaign at Carangas to support resource upgrades. This overall project momentum within an improving regulatory landscape contributed to the positive stock trend.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 63.2% change in NEWP stock from 6/30/2026 to 10/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)630202610162026Change
Stock Price ($)4.026.5663.2%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)184185-0.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/16/2026
ReturnCorrelation
NEWP63.2% 
Market (SPY)2.2%48.9%
Sector (XLB)0.2%46.0%

Fundamental Drivers

The 58.5% change in NEWP stock from 3/31/2026 to 10/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610162026Change
Stock Price ($)4.146.5658.5%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)181185-2.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/16/2026
ReturnCorrelation
NEWP58.5% 
Market (SPY)17.7%52.7%
Sector (XLB)2.3%47.4%

Fundamental Drivers

The 142.1% change in NEWP stock from 9/30/2025 to 10/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202510162026Change
Stock Price ($)2.716.56142.1%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)172185-7.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/16/2026
ReturnCorrelation
NEWP142.1% 
Market (SPY)15.5%39.5%
Sector (XLB)15.2%48.1%

Fundamental Drivers

The 270.6% change in NEWP stock from 9/30/2023 to 10/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202310162026Change
Stock Price ($)1.776.56270.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)157185-15.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/16/2026
ReturnCorrelation
NEWP270.6% 
Market (SPY)84.7%29.7%
Sector (XLB)36.7%37.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NEWP Return-15%-23%-15%-38%197%78%81%
Peers Return-32%-21%-10%22%209%-7%72%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
NEWP Win Rate17%50%42%42%75%40% 
Peers Win Rate30%48%43%50%73%40% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
NEWP Max Drawdown-61%-51%-52%-52%-32%-41% 
Peers Max Drawdown-52%-53%-47%-34%-29%-48% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SVM, PAAS, HL, AG, CDE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/16/2026 (YTD)

How Low Can It Go

EventNEWPS&P 500
2025 US Tariff Shock
  % Loss-19.0%-18.8%
  % Gain to Breakeven23.4%23.1%
  Time to Breakeven3 days79 days
2024 Yen Carry Trade Unwind
  % Loss-20.9%-7.8%
  % Gain to Breakeven26.4%8.5%
  Time to Breakeven50 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-41.9%-9.5%
  % Gain to Breakeven72.0%10.5%
  Time to Breakeven676 days24 days
2023 SVB Regional Banking Crisis
  % Loss-24.7%-6.7%
  % Gain to Breakeven32.8%7.1%
  Time to Breakeven24 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-31.6%-24.5%
  % Gain to Breakeven46.2%32.4%
  Time to Breakeven80 days427 days
2020 COVID-19 Crash
  % Loss-56.0%-33.7%
  % Gain to Breakeven127.1%50.9%
  Time to Breakeven433 days140 days

Compare to SVM, PAAS, HL, AG, CDE

In The Past

New Pacific Metals's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventNEWPS&P 500
2024 Yen Carry Trade Unwind
  % Loss-20.9%-7.8%
  % Gain to Breakeven26.4%8.5%
  Time to Breakeven50 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-41.9%-9.5%
  % Gain to Breakeven72.0%10.5%
  Time to Breakeven676 days24 days
2023 SVB Regional Banking Crisis
  % Loss-24.7%-6.7%
  % Gain to Breakeven32.8%7.1%
  Time to Breakeven24 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-31.6%-24.5%
  % Gain to Breakeven46.2%32.4%
  Time to Breakeven80 days427 days
2020 COVID-19 Crash
  % Loss-56.0%-33.7%
  % Gain to Breakeven127.1%50.9%
  Time to Breakeven433 days140 days
2013 Taper Tantrum
  % Loss-41.8%-0.2%
  % Gain to Breakeven71.7%0.2%
  Time to Breakeven1537 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-51.6%-17.9%
  % Gain to Breakeven106.5%21.8%
  Time to Breakeven2864 days123 days
2008-2009 Global Financial Crisis
  % Loss-84.6%-53.4%
  % Gain to Breakeven547.9%114.4%
  Time to Breakeven755 days1085 days

Compare to SVM, PAAS, HL, AG, CDE

In The Past

New Pacific Metals's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About New Pacific Metals (NEWP)

New Pacific Metals Corp. (NEWP) is a mineral exploration and development company primarily focused on discovering and advancing valuable metal deposits. Headquartered in Vancouver, Canada, the company's core operations are centered on its properties located in Bolivia.

The company's main business involves exploring for specific precious and base metals: silver, gold, lead, and zinc. Its flagship asset is the Silver Sand property, a significant silver project covering 5.42 square kilometers in the Potosí Department of Bolivia. NEWP also holds other key mineral properties in Bolivia, including the Silverstrike and Carangas properties, further diversifying its exploration portfolio.

As an exploration and development company, New Pacific Metals aims to transition its discovered resources into producing assets. Upon reaching production, its primary customers would be industrial buyers, manufacturers, and investors on the global commodities market, supplying them with raw silver, gold, lead, and zinc for various applications and investment purposes.

AI Analysis | Feedback

Here are 1-3 brief analogies for New Pacific Metals (NEWP):

  • A Pan American Silver for early-stage exploration, primarily seeking new silver and gold deposits in Bolivia.
  • The prospecting team for future silver, gold, and base metal mines, similar to a 'junior' version of a diversified miner like Hecla Mining.

AI Analysis | Feedback

  • Silver: A precious metal deposit that the company explores and develops.
  • Gold: A valuable precious metal deposit that the company explores and develops.
  • Lead: A base metal deposit that the company explores and develops.
  • Zinc: A base metal deposit that the company explores and develops.

AI Analysis | Feedback

New Pacific Metals Corp. (NEWP)

New Pacific Metals Corp. (NEWP) is an exploration and development company focused on identifying and advancing mineral properties containing silver, gold, lead, and zinc deposits. At its current stage, the company is primarily engaged in resource delineation, engineering studies, and advancing its projects towards potential production. Therefore, New Pacific Metals Corp. does not currently have major customers in the traditional sense, as it is not yet in commercial-scale production or generating significant sales revenue from its mineral properties.

Once New Pacific Metals Corp. transitions to commercial production and begins to extract and process ore, its output (typically in the form of mineral concentrates containing silver, gold, lead, and zinc) would be sold primarily to other companies. The categories of potential future customers for such mineral products would include:

  • Smelters and Refiners: These are industrial facilities that purchase mineral concentrates to extract and refine the constituent metals (silver, gold, lead, and zinc) into saleable forms. Examples include large multinational mining and metals companies that own smelting and refining operations.
  • Commodity Trading Houses: These firms specialize in the global buying, selling, and logistics of raw materials, including metal concentrates. They would act as intermediaries between the mining company and end-use industrial customers or refiners.
  • Large Industrial Manufacturers: In some cases, very large industrial manufacturers that require specific metals as raw materials for their own production processes might enter into direct purchase agreements for concentrates or refined metals.

AI Analysis | Feedback

null

AI Analysis | Feedback

Jalen Yuan, Chief Executive Officer

Jalen Yuan is a corporate leader and professional accountant with over sixteen years of diverse international experience in the mining industry. Mr. Yuan was appointed permanent Chief Executive Officer in October 2025, having previously served as Chief Financial Officer of New Pacific Metals since 2015. He has been deeply involved in all of the company's strategic decisions, including the acquisition, exploration, technical studies, and permitting of the Silver Sand and Carangas projects in Bolivia. Mr. Yuan also played instrumental roles in the company's financing activities, raising a total of US$130 million since 2017.

Chester Xie, Chief Financial Officer

Chester Xie is a professional accountant with nearly a decade of diverse international experience in financial reporting, auditing, internal control, and accounting. He is a designated member of the Chartered Professional Accountants of British Columbia. Mr. Xie joined New Pacific Metals in 2023 as Financial Controller and was appointed permanent Chief Financial Officer in October 2025. Prior to his time in the mining industry, Mr. Xie worked in public practice, specializing in financial statement audits and internal control assessments for Canadian companies.

Dr. Rui Feng, Founder

Dr. Rui Feng is a successful entrepreneur, explorer, and mine builder with over 25 years of global mining industry experience. He founded Silvercorp Metals in 2003, acquiring early-stage properties in China and developing it into a profitable Canadian mining company. Dr. Feng was integral in discovering Jinshan Gold's CSH Gold Mine in China in 2002, which was subsequently acquired by China Gold International. As CEO of New Pacific Metals, he led the company to Bolivia in 2017 and acquired the Silver Sand project. Dr. Feng initially stepped down as CEO in April 2020 for corporate governance reasons, returned in early 2022, and then stepped down again in September 2023, remaining a director until the 2023 AGM. He continues to provide strategic insight to the company's growth initiatives.

Alex Zhang, Vice President, Exploration

Alex Zhang is a professional geoscientist with over 30 years of experience in mineral exploration. He has applied his technical and managerial skills to major gold and silver-lead-zinc polymetallic projects in China, Canada, and Bolivia, working with companies such as Eldorado Gold, Afcan Mining, Sino Gold, Silvercorp, and New Pacific Metals. His roles have included senior exploration geologist, senior resource geologist, exploration manager, chief geologist, and vice president of exploration, supervising activities from exploration and development to production. Mr. Zhang holds a Master of Engineering in mineral exploration from the China University of Mining and Technology and a Master of Science in mineral exploration from Queen's University in Ontario, Canada.

Carolina Ordoñez, Vice President, Corporate Affairs

Carolina Ordoñez has over 15 years of experience in the resource sector, serving as a liaison between governments, corporations, mining subsidiaries, and investors. She possesses extensive experience in government relations and global affairs. Ms. Ordoñez has also served as a Director of several NGOs focused on promoting Latin-American business and cultural strengths. She holds a global designation in International Trade Business and a Diploma in Business Management and International Commerce from the British Columbia Institute of Technology.

AI Analysis | Feedback

The key risks for New Pacific Metals (NEWP) are primarily associated with the complexities of operating an exploration and development mining company, particularly in Bolivia.

  1. Political and Regulatory Risks in Bolivia: New Pacific Metals' operations are heavily concentrated in Bolivia, a jurisdiction historically characterized by political and regulatory uncertainties in its mining sector. Risks include potential policy reversals, bureaucratic hurdles, challenges in securing land tenure and surface rights, and the need for continuous engagement with various levels of government and regulatory bodies. While the company is actively engaging with the new Bolivian government, which has expressed a desire to encourage foreign investment and modernize mining laws, the historical context and ongoing need for consistent policy implementation present an overarching risk.
  2. Social License to Operate and Artisanal Mining: A significant challenge for New Pacific Metals has been obtaining and maintaining its social license to operate, particularly concerning its flagship Silver Sand project. The company has faced issues with illegal artisanal and small-scale miners operating within its mineral rights, leading to legal actions and the necessity for extensive discussions and agreements with local communities and authorities to secure surface rights and ensure safe operations. Although progress has been reported in addressing these issues, managing community relations and preventing unauthorized mining activities remain critical for project advancement.
  3. Project Development and Capital Intensity: As an exploration and development company, New Pacific Metals is exposed to the inherent risks of bringing mineral projects from the exploration phase through to production. This involves substantial upfront capital investments, exposure to geological and exploration uncertainties, and technical challenges in project execution. The company is currently advancing its Silver Sand and Carangas projects and has not yet commenced commercial production, meaning it incurs significant operating and exploration expenses without generating revenue from mineral sales, which can impact liquidity and financing needs.

AI Analysis | Feedback

null

AI Analysis | Feedback

New Pacific Metals (symbol: NEWP) operates in the exploration and development of mineral properties, primarily focusing on silver, gold, lead, and zinc deposits. The addressable markets for these main products are substantial on a global scale. The global addressable market sizes for New Pacific Metals' main products are as follows:
  • Silver: The global silver market size was valued at approximately USD 87.12 billion in 2024, with projections to grow to USD 202.07 billion by 2033.
  • Gold: The global gold market was valued at USD 291.68 billion in 2024 and is projected to reach USD 400 billion by the end of 2030.
  • Lead: The global lead market size was estimated at USD 24 billion in 2023 and is anticipated to reach USD 36 billion by the end of 2032.
  • Zinc: The global zinc market size was valued at USD 27.2 billion in 2024 and is poised to grow to USD 52.14 billion by 2033.

AI Analysis | Feedback

The following are 3-5 expected drivers of future revenue growth for New Pacific Metals (NEWP) over the next 2-3 years:
  1. Advancement of the Carangas Silver-Gold-Polymetallic Project: The Carangas project, with a Preliminary Economic Assessment (PEA) completed in October 2024, is a key driver. The company is actively progressing towards a feasibility study (expected to take 12-18 months), securing necessary permits, and solidifying community agreements. A Framework Agreement for Cooperation and Coordination with the Carangas community was signed in February 2026. Successful navigation of these stages is crucial for de-risking the project and enabling its eventual construction and production of silver, gold, lead, and zinc.
  2. Advancement of the Silver Sand Silver Project: As a flagship project, the Silver Sand project has significant potential to be developed into one of the world's largest silver mines. A Pre-Feasibility Study (PFS) was completed in June 2024. Future revenue growth hinges on restarting the environmental categorization and Environmental Impact Assessment (EEIA) process, successfully securing long-term land lease agreements with the local community (following the cessation of illegal mining activities in the first half of 2025), and ongoing exploration drilling, all of which are vital steps towards a construction decision and future production.
  3. Supportive Political and Regulatory Environment in Bolivia: A shift in Bolivia's political landscape in November 2025 has led to a new government committed to modernizing mining laws, reducing bureaucracy, and attracting foreign investment. This potentially more favorable regulatory and political environment could significantly accelerate the development and permitting processes for New Pacific Metals' projects, thereby fostering an environment conducive to future revenue generation.
  4. Exploration and Development of the Silverstrike Project: While currently in earlier stages of development, continued exploration success and systematic advancement of the Silverstrike project represent another potential driver for long-term revenue growth. The project has demonstrated similar geological characteristics and potential to the Silver Sand project, indicating its capacity to contribute to the company's future production pipeline.

AI Analysis | Feedback

Share Issuance

  • In October 2025, New Pacific Metals completed a follow-on equity offering, raising CAD 35.145 million.
  • This offering involved the issuance of 9.9 million common shares at C$3.55 per share.
  • The number of shares outstanding for New Pacific Metals increased from approximately 0.153 billion in June 2021 to 0.172 billion by June 2025, and further to 0.181 billion by December 2025.

Capital Expenditures

  • For the nine months ending March 31, 2025, New Pacific Metals capitalized $1.23 million in expenditures for the Silver Sand project and $1.16 million for the Carangas project.
  • During the six months ending December 31, 2025, the company capitalized $0.40 million for the Silver Sand project and $1.18 million for the Carangas project.
  • A Preliminary Economic Assessment (PEA) for the Carangas Project, effective September 5, 2024, projected initial capital costs of $324 million for its development, focusing on establishing it as a silver-lead-zinc mine.

Peer Outperformance in Silver

NEWP has trailed 60% of its 5 Silver peers over 5Y. Silver ranks 4th of 15 industries in Materials by median 5Y return.
Share of Silver constituents that NEWP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
100%
of 5 industry peers · 128.6% return
3Y
60%
of 5 industry peers · 264.4% return
5Y
40%
of 5 industry peers · 86.4% return
No Silver peer with a comparable growth profile has beaten NEWP by more than 20pp over 5Y.
Median price return by industry across the Materials sector, ranked by 5Y. Silver is NEWP's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Steel 13 28.5%39.5%170.8% STLD 318% · HCC 277% · RS 202%
Copper 7 48.4%113.8%136.9% SCCO 273% · TGB 254% · HBM 219%
Gold 35 -4.0%182.9%132.8% IAG 560% · OGC 397% · KGC 329%
Silver ← 6 17.9%259.7%116.8% AYA 244% · HL 180% · SVM 147%
Aluminum 3 12.5%134.2%50.9% CENX 103% · KALU 51% · AA -22%
Construction Materials 7 -25.2%15.1%41.2% USLM 354% · CRH 90% · VMC 52%
Metal, Glass & Plastic Containers 11 -6.7%1.5%0.9% GEF 50% · ATR 4% · SLGN 1%
Paper & Plastic Packaging Products & Materials 7 13.4%9.5%-5.8% PKG 105% · CCK 16% · SON -2%
Diversified Metals & Mining 23 -62.3%-17.9%-8.5% USAR 35269% · MTRN 249% · MP 18%
Diversified Chemicals 3 10.1%-1.2%-17.9% CBT 55% · ASH -18%
Specialty Chemicals 41 8.9%-0.2%-19.7% NEU 159% · ESI 66% · SXT 54%
Commodity Chemicals 13 2.4%-29.9%-33.8% HWKN 259% · MEOH 45% · DOW -33%
Precious Metals & Minerals 8 -21.6%151.9%-45.4% PPTA 285%
Fertilizers & Agricultural Chemicals 10 -41.8%-55.5%-62.0% CF 127% · NTR 18% · MOS -49%
Paper Products 4 -33.8%-55.1%-71.7%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NEWPSVMPAASHLAGCDEMedian
NameNew Paci.Silverco.Pan Amer.Hecla Mi.First Ma.Coeur Mi. 
Mkt Price6.569.7843.9815.2515.8915.4015.32
Mkt Cap1.22.218.510.27.815.99.0
Rev LTM04954,3121,6031,6503,1711,626
Op Inc LTM-62721,6917567221,145739
FCF LTM-7791,3004846141,156549
FCF 3Y Avg-838700166222390194
CFO LTM-33241,6907348261,466780
CFO 3Y Avg-41911,056387388659387

Growth & Margins

NEWPSVMPAASHLAGCDEMedian
NameNew Paci.Silverco.Pan Amer.Hecla Mi.First Ma.Coeur Mi. 
Rev Chg LTM-60.8%38.4%74.4%98.5%117.3%74.4%
Rev Chg 3Y Avg-35.8%35.7%33.6%47.9%66.2%35.8%
Rev Chg Q-70.5%38.4%52.4%56.5%125.9%56.5%
QoQ Delta Rev Chg LTM-13.1%7.8%7.7%10.0%23.6%10.0%
Op Inc Chg LTM0.4%162.4%143.3%254.2%646.1%181.9%172.1%
Op Inc Chg 3Y Avg10.1%80.5%432.1%209.8%348.0%364.3%278.9%
Op Mgn LTM-54.9%39.2%47.2%43.7%36.1%43.7%
Op Mgn 3Y Avg-40.3%22.1%26.2%15.9%23.4%23.4%
QoQ Delta Op Mgn LTM-3.0%1.8%2.3%7.2%-5.8%2.3%
CFO/Rev LTM-65.4%39.2%45.8%50.1%46.2%46.2%
CFO/Rev 3Y Avg-52.7%30.0%31.5%31.9%28.0%31.5%
FCF/Rev LTM-16.0%30.2%30.2%37.2%36.5%30.2%
FCF/Rev 3Y Avg-9.7%18.9%9.9%13.3%9.0%9.9%

Valuation

NEWPSVMPAASHLAGCDEMedian
NameNew Paci.Silverco.Pan Amer.Hecla Mi.First Ma.Coeur Mi. 
Mkt Cap1.22.218.510.27.815.99.0
P/S-4.44.36.44.85.04.8
P/Op Inc-203.97.910.913.510.913.810.9
P/EBIT-203.914.59.314.110.014.612.1
P/E-289.669.113.430.620.418.619.5
P/CFO-347.46.710.913.99.510.810.2
Total Yield-0.3%1.7%8.8%3.4%5.1%5.5%4.2%
Dividend Yield0.0%0.3%1.4%0.1%0.2%0.1%0.2%
FCF Yield 3Y Avg-2.4%2.8%5.0%1.4%2.0%-0.1%1.7%
D/E0.00.10.00.00.00.00.0
Net D/E-0.0-0.1-0.0-0.0-0.1-0.0-0.0

Returns

NEWPSVMPAASHLAGCDEMedian
NameNew Paci.Silverco.Pan Amer.Hecla Mi.First Ma.Coeur Mi. 
1M Rtn18.2%-12.5%-7.5%-15.2%-13.3%-18.9%-12.9%
3M Rtn60.8%9.6%5.7%6.4%0.6%7.3%6.9%
6M Rtn19.5%-23.8%-25.0%-21.9%-25.9%-24.4%-24.1%
12M Rtn128.6%31.3%6.0%0.2%3.9%-33.3%5.0%
3Y Rtn264.4%318.4%207.1%253.8%182.2%475.3%259.1%
1M Excs Rtn9.2%-21.7%-13.6%-21.8%-20.7%-25.1%-21.2%
3M Excs Rtn52.8%4.9%-0.3%1.9%-4.5%3.9%2.9%
6M Excs Rtn9.9%-33.3%-34.5%-31.5%-35.4%-33.9%-33.6%
12M Excs Rtn123.3%19.6%-8.3%-9.2%-9.8%-47.8%-8.7%
3Y Excs Rtn203.0%252.7%140.5%214.4%135.2%483.7%208.7%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2016
Investment2
Total2


Operating Income by Segment
$ Mil2025202420232022
Exploration and Development - Silverstrike-0-0-0-0
Exploration and Development - Carangas-0-0-0-0
Exploration and Development - Silver Sand-0-0-0-0
Corporate-6-7-8-6
Total-6-7-8-7


Net Income by Segment
$ Mil20252024202320222021
Exploration and Development - Carangas0-0-0-0 
Exploration and Development - Silverstrike-0-0-0-0 
Exploration and Development - Silver Sand-0-0-0-0 
Corporate-4-6-8-6-6
Exploration and Development    -1
Total-4-6-8-6-7


Assets by Segment
$ Mil20252024202320222021
Exploration and Development - Silver Sand91898781 
Exploration and Development - Carangas2220187 
Corporate172383247
Exploration and Development - Silverstrike6664 
Exploration and Development    79
Total135138118124127


Price Behavior

Price Behavior
Market Price$6.56 
Market Cap ($ Bil)1.2 
First Trading Date02/19/2008 
Distance from 52W High-11.5% 
   50 Days200 Days
DMA Price$6.43$4.96
DMA Trendupup
Distance from DMA2.1%32.2%
 3M1YR
Volatility68.6%83.9%
Downside Capture160.71206.65
Upside Capture366.62270.56
Correlation (S&P 500)53.7%40.2%
NEWP Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta4.113.673.313.072.611.47
Up Beta5.163.434.182.743.091.31
Down Beta11.158.675.484.532.461.34
Up Capture300%477%445%441%732%776%
Bmk +ve Days6162766132424
Stock +ve Days10243668135353
Down Capture385%166%118%221%156%110%
Bmk -ve Days16263760120328
Stock -ve Days12182857112366

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NEWP
NEWP141.1%83.9%1.41-
Sector ETF (XLB)16.4%17.8%0.6947.3%
Equity (SPY)15.8%12.7%0.8639.5%
Gold (GLD)-1.4%29.4%-0.0565.4%
Commodities (DBC)50.4%20.7%1.864.3%
Real Estate (VNQ)4.8%13.7%0.0915.2%
Bitcoin (BTCUSD)-25.9%43.6%-0.5729.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NEWP
NEWP14.2%75.1%0.50-
Sector ETF (XLB)6.6%19.1%0.2333.3%
Equity (SPY)13.2%17.1%0.5923.6%
Gold (GLD)18.4%18.9%0.7949.1%
Commodities (DBC)9.6%19.5%0.3715.7%
Real Estate (VNQ)1.6%18.8%-0.0219.4%
Bitcoin (BTCUSD)8.8%51.8%0.3516.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NEWP
NEWP11.3%77.0%0.56-
Sector ETF (XLB)10.0%20.7%0.4226.7%
Equity (SPY)15.2%17.9%0.7218.3%
Gold (GLD)12.3%16.4%0.6144.5%
Commodities (DBC)8.1%18.1%0.3615.1%
Real Estate (VNQ)5.2%20.7%0.2114.3%
Bitcoin (BTCUSD)63.2%66.2%1.0311.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity5.7 Mil
Short Interest: % Change Since 91520269.2%
Average Daily Volume1.0 Mil
Days-to-Cover Short Interest5.6 days
Basic Shares Quantity185.0 Mil
Short % of Basic Shares3.1%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/14/20266-K
12/31/202502/12/20266-K
09/30/202511/10/20256-K
06/30/202509/15/202540-F
03/31/202505/09/20256-K
12/31/202402/07/20256-K
09/30/202411/15/20246-K
06/30/202409/24/202440-F
03/31/202405/08/20246-K
12/31/202302/14/20246-K
09/30/202311/08/20236-K
06/30/202309/22/202340-F
03/31/202305/09/20236-K
12/31/202202/08/20236-K
09/30/202211/07/20226-K
06/30/202209/28/202240-F
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/14/20266-K
12/31/202502/12/20266-K
09/30/202511/10/20256-K
06/30/202509/15/202540-F
03/31/202505/09/20256-K
12/31/202402/07/20256-K
09/30/202411/15/20246-K
06/30/202409/24/202440-F
03/31/202405/08/20246-K
12/31/202302/14/20246-K
09/30/202311/08/20236-K
06/30/202309/22/202340-F
03/31/202305/09/20236-K
12/31/202202/08/20236-K
09/30/202211/07/20226-K
06/30/202209/28/202240-F
03/31/202205/12/20226-K
12/31/202102/09/20226-K
09/30/202111/12/20216-K
06/30/202109/28/202140-F

Investor Activity (13F)

Updated Oct 17, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Helikon Investments Ltd$41.1 Mil1.6%17ADD +333.2%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Helikon Investments Ltd$41.1 Mil1.6%17ADD +333.2%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Helikon Investments Ltd$41.1 Mil1.6%17ADD +333.2%13F
Core Cache Last Updated: 10/16/2026