<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001176256-24-000035</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: SILVERCORP METALS INC -->
          <cik>0001340677</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>Common share without par value</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001369085</issuerCik>
        <issuerName>New Pacific Metals Corp.</issuerName>
        <issuerCusip>64782A107</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>SUITE 1750</com:street1>
          <com:street2>1066 W. HASTINGS STREET</com:street2>
          <com:city>VANCOUVER</com:city>
          <com:stateOrCountry>A1</com:stateOrCountry>
          <com:zipCode>V6E 3X1</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Silvercorp Metals Inc.</reportingPersonName>
      <citizenshipOrOrganization>A1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>51426988.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>51426988.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>51426988.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>28.0</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Fortune Mining Limited</reportingPersonName>
      <citizenshipOrOrganization>D8</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>36512442.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>36512442.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>36512442.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>19.8</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Victor Resources Ltd.</reportingPersonName>
      <citizenshipOrOrganization>D8</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>34873742.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>34873742.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>34873742.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>19.0</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>New Pacific Metals Corp.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>SUITE 1750, 1066 W. HASTINGS STREET, VANCOUVER, A1 V6E 3X1</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>(i)     Silvercorp Metals Inc.
(ii)    Fortune Mining Limited
(iii)   Victor Resources Ltd.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>(i)     1066 West Hastings Street Suite 1750 Vancouver BC Canada V6C 3X1
(ii)    Craigmuir Chambers Road Town Tortola VG1110 BVI
(iii)   Craigmuir Chambers Road Town Tortola VG1110 BVI</principalBusinessOfficeOrResidenceAddress>
        <citizenship>(i)      Canada
(ii)     British Virgin Islands
(iii)    British Virgin Islands</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>(i) Silvercorp Metals Inc.: 51426988
(ii) Fortune Mining Limited: 36512442
(iii) Victor Resources Ltd.: 34873742</amountBeneficiallyOwned>
        <classPercent>(i) Silvercorp Metals Inc.: 28.0
(ii) Fortune Mining Limited: 19.8
(iii) Victor Resources Ltd.: 19.0</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>(i) Silvercorp Metals Inc.: 51426988
(ii) Fortune Mining Limited: 36512442
(iii) Victor Resources Ltd.: 34873742</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>(i) Silvercorp Metals Inc.: 0
(ii) Fortune Mining Limited: 0
(iii) Victor Resources Ltd.: 0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>(i) Silvercorp Metals Inc.: 51426988
(ii) Fortune Mining Limited: 36512442
(iii) Victor Resources Ltd.: 34873742</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>(i) Silvercorp Metals Inc.: 0
(ii) Fortune Mining Limited: 0
(iii) Victor Resources Ltd.: 0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <exhibitInfo>Exhibit 1
Joint Filing Statement among Silvercorp, Fortune Mining and Victor Resources (incorporated by reference to Exhibit 1 to Schedule 13G/A filed by Silvercorp Metals Inc., Fortune Mining Limited and Victor Resources Ltd. on February 14, 2023)</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Silvercorp Metals Inc.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Rui Feng</signature>
        <title>Rui Feng / Chairman and CEO</title>
        <date>02/12/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Fortune Mining Limited</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Rui Feng</signature>
        <title>Rui Feng / Director</title>
        <date>02/12/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Victor Resources Ltd.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Rui Feng</signature>
        <title>Rui Feng / Director</title>
        <date>02/12/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureComments>The beneficial ownership reported herein reflects the parent/subsidiary structure. Victor Resources is wholly owned by Fortune Mining, and Fortune Gold Mining Limited is a wholly-owned subsidiary of Fortune Mining. Accordingly, Silvercorp Metals Inc. reports beneficial ownership of all shares held directly or indirectly through its subsidiaries.</signatureComments>
  </formData>
</edgarSubmission>
