PL Gold Mine Restart Update - TradingView

AI desk brief

Minnova says its PL Gold Mine restart in Manitoba is supported by a 2026 resource estimate of 601,158 oz M&I at 4.98 g/t and 202,810 oz inferred at 3.78 g/t, including 268,091 open-pit oz at 5.28 g/t. The company is targeting a combined open-pit/underground restart using the existing plant at 1,000 tpd, scaling to 2,000 tpd in year two, with initial annual output estimated at about 45,000 oz and rising to roughly 90,000 oz once expanded.

The resource model uses a US$3,000/oz gold price and the company says the higher-grade open pit materially improves restart economics. Minnova also plans to fold in remaining assay results from the 2025-2026 drill program ahead of a prefeasibility study, while evaluating ore sorting and gravity recovery upgrades.