# 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.

- Canonical URL: https://newsverum.com/en/news/minnova-pl-gold-mine-restart-pea-october-2026
- Publisher: Newsverum
- Section: Business
- Country: Canada
- Published: 2026-10-15T22:33:53+00:00
- Updated: 2026-10-15T22:33:53+00:00
- Event / data period: 2026-10-14
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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.

Methodology: Estimate for the PEA base case; the study includes Inferred resources, defines no reserves and does not demonstrate economic viability.

| label | value | unit | period | basis | value_qualifier |
|---|---|---|---|---|---|
| PEA base-case after-tax NPV | 180.6 | million USD | 2026-10-14 | estimate | exact |

Sources: <https://www.newsfilecorp.com/release/319014> · Download data: [JSON](https://newsverum.com/api/v1/articles/minnova-pl-gold-mine-restart-pea-october-2026/data/reported-figure?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/minnova-pl-gold-mine-restart-pea-october-2026/data/reported-figure?lang=en&format=csv)

### 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.

Methodology: Estimate for the PEA base case; the study includes Inferred resources, defines no reserves and does not demonstrate economic viability.

| date | label | description | status |
|---|---|---|---|
| 2026-10-14 | PL Gold Mine PEA issued | The PEA presented assumption-based economic estimates for a restart; it is not a production decision. | occurred |

Sources: <https://www.newsfilecorp.com/release/319014> · Download data: [JSON](https://newsverum.com/api/v1/articles/minnova-pl-gold-mine-restart-pea-october-2026/data/reported-event?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/minnova-pl-gold-mine-restart-pea-october-2026/data/reported-event?lang=en&format=csv)

## Sources

- [Minnova Corp.](<https://www.newsfilecorp.com/release/319014>) (Source checked: 2026-10-15; Published: 2026-10-14)

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