Minnova Reports Positive PEA for PL Gold Mine Restart
Minnova has announced a preliminary economic assessment for the restart of the PL Gold Mine, projecting an after-tax NPV5% of $181 million at $3,000/oz gold.
Minnova has announced a positive preliminary economic assessment (PEA) for the restart of the PL Gold Mine, according to TradingView. At a gold price of $3,000 per ounce, the project yields an after-tax net present value (NPV5%) of US$181 million and an internal rate of return (IRR) of 111%.
Economic Projections
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The economic viability of the restart scales significantly with higher commodity valuations. According to the report, the after-tax NPV rises to US$439 million when evaluated at a gold price of US$4,000 per ounce.
Key facts
- Project: PL Gold Mine restart
- Base Scenario NPV5%: US$181 million at US$3,000/oz gold
- Base Scenario IRR: 111% at US$3,000/oz gold
- Elevated Scenario NPV5%: US$439 million at US$4,000/oz gold
Source: news.google.com
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