Minnova Corp. announced a Preliminary Economic Assessment (PEA) for restarting its PL Gold Mine in Manitoba, projecting robust economics with an after-tax NPV of $180.6 million and an IRR of 111% at a conservative gold price of $3,000/oz. The project plans a phased development with open-pit mining from 2028 to 2030, transitioning to underground mining through 2037, recovering 621.5 koz of gold over 10 years. Initial capital costs are modest at $53.4 million, leveraging existing infrastructure, with production expected to start in 2028. The PEA highlights strong leverage to gold prices, with NPV rising to $438.9 million at $4,000/oz, and outlines next steps including a feasibility study and permitting before any production decision.
Minnova Corp.'s PL Gold Mine restart is the story subject. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 15, 2026 03:23 WIB: Out of 83 priced US stocks, 16 rose and 67 fell. SSRM traded at USD 30.60 with a 1-day change of -7.52%, HYMC at USD 16.39 down 6.72%, and AUGO at USD 82.05 down 6.70%. Pluang order activity for these movers shows 100% buy and 0% sell, with typical hold times of 0 to 1 days.
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