Minnova publishes preliminary economic assessment for Manitoba’s PL Gold Mine
The company’s base case assumes US$3,000 gold and estimates after-tax NPV of US$180.6 million and a 111% IRR.
Event / data period: 2026-10-14
Published: · Updated:
Minnova Corp. reported the preliminary economic assessment (PEA) for restarting the PL Gold Mine in Manitoba on October 14. Its base case models a 10-year mine life at US$3,000 per ounce of gold and a 0.7-year payback from production start.
The PEA estimates after-tax NPV at a 5% discount rate of US$180.6 million and an IRR of 111%; pre-production capital for 2026–27 is estimated at US$53.4 million. The study includes Inferred resources, defines no mineral reserves and does not demonstrate economic viability; further study, financing and permits are required.
Data
After-tax NPV in PEA base case
After-tax net present value in the PL Gold Mine restart PEA at US$3,000/oz gold and a 5% discount rate.
- PEA base-case after-tax NPV
- 180.6 million USD
- 2026-10-14 · Estimate
Methodology
Estimate for the PEA base case; the study includes Inferred resources, defines no reserves and does not demonstrate economic viability.
Updated:
After-tax NPV in PEA base case
After-tax net present value in the PL Gold Mine restart PEA at US$3,000/oz gold and a 5% discount rate.
- · Occurred
PL Gold Mine PEA issued
The PEA presented assumption-based economic estimates for a restart; it is not a production decision.
Methodology
Estimate for the PEA base case; the study includes Inferred resources, defines no reserves and does not demonstrate economic viability.
Updated:
Subjects and places
Subject proposals
- Business enterpriseSuggested
- Preserved editorial category/topic; broad candidate onlywww.newsfilecorp.com ↗
- Metal and mineral mining and refiningSuggested
- Subject suggested from the title or summary: Mine, Gold Minewww.newsfilecorp.com ↗
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- Canada · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
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