Minnova PEA values PL Gold Mine restart at USD 180.6 million after tax at 5% discount rate

Minnova announced a preliminary economic assessment for restarting its PL Gold Mine in Manitoba, targeting first production in 2028. At USD 3,000/oz gold, estimated after-tax net present value at a 5% discount rate totals USD 180.6 million; IRR reaches 111%. Pre-production capital is estimated at USD 53.4 million, with payback projected at 0.68 years from production start. Planned recovered gold totals 621,500 ounces over 10 years; all-in sustaining costs average USD 2,288/oz. At USD 4,000/oz gold, estimated after-tax net present value at a 5% discount rate rises to USD 438.9 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Minnova Corp. published the original content used to generate this news brief via (Ref. ID: 202610141715NEWSFILECNPR____20261014_319014_1) on October 14, 2026, and is solely responsible for the information contained therein. (C)