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Minnova updates PL Gold Mine resource to 601K oz measured & indicated, plans restart with high-grade open pit mining.

Market News
10 Sep 2026
Newsfile Corp
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Bullish
Minnova updates PL Gold Mine resource to 601K oz measured & indicated, plans restart with high-grade open pit mining.

Minnova Corp. announced a 2026 mineral resource estimate for its PL Gold Mine in Manitoba, showing 601,158 ounces of measured and indicated gold at 4.98 g/t, including 268,091 ounces from open-pit resources at 5.28 g/t. The company plans to restart mining at 1,000 tonnes per day, expanding to 2,000 tpd in year two, aiming for initial production of about 45,000 ounces annually, rising to 90,000 ounces after expansion. The high-grade resource improves project economics, and ongoing drilling aims to expand resources further. Minnova is also exploring process optimizations and satellite deposits to support a hub-and-spoke development model.

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