# Minnova Corp. PEA Outlines $181 Million Net Present Value for PL Gold Mine Restart

- URL: https://stocks.freetheai.org/news/minnova-corp-pea-outlines-181-million-net-present-value-for-pl-gold-mine-restart-1939f6
- Published: 2026-10-14T21:15:00Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [TSXV:MCI](https://stocks.freetheai.org/symbols/TSXV-MCI)
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Minnova Corp. (TSXV:MCI) has issued a Preliminary Economic Assessment for restarting its PL Gold Mine. The technical study highlights a project with low initial capital requirements and rapid capital recovery, assuming a base gold price of $3,000 per ounce.

At the base gold price, the project carries an after-tax net present value of $181 million at a 5% discount rate, along with an internal rate of return of 111%. Pre-production capital expenditures are estimated at $53.4 million, with an estimated payback period of 0.7 years. Over a 10-year mine life, total gold production is projected at 622,000 ounces. Higher gold price scenarios significantly boost project economics, raising the after-tax net present value to $439 million at $4,000 per ounce.

Initial gold production is targeted for 2028. Moving forward, advancing the project toward commercial operations will require completing formal prefeasibility and feasibility studies, securing operating permits, and arranging project financing.

## Key points

- Minnova Corp. estimates an after-tax NPV of $181 million and an IRR of 111% at a $3,000 per ounce gold price.
- Pre-production capital costs are estimated at $53.4 million with an expected payback period of 0.7 years.
- Total projected gold output reaches 622,000 ounces over a 10-year mine life.
- At a $4,000 per ounce gold price, the project's after-tax NPV rises to $439 million.
- First gold production is targeted for 2028, subject to further technical studies, permitting, and financing.

## Questions and answers

### What are the key financial results of Minnova Corp.'s PL Gold Mine PEA?

At $3,000 per ounce gold, the PEA shows an after-tax NPV of $181 million at a 5% discount rate and an IRR of 111%, with $53.4 million in pre-production capital costs.

### When is Minnova Corp. targeting first gold production at the PL Gold Mine?

First gold production is targeted for 2028, pending project financing, permits, and further technical studies.

### How much gold is expected from the PL Gold Mine over its operational life?

The preliminary study projects total life-of-mine production of 622,000 ounces of gold over a 10-year period.