{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Minnova Corp (TSXV:MCI) Infrastructure Advantage Towards 2027 Production with 300% Value Increase","html":"","width":"100%","height":180,"duration":1679,"description":"Interview with Gord Glenn, President & CEO of Minnova Corp.Our previous interview: https://www.cruxinvestor.com/posts/minnova-mci-planning-price-pace-potential-partners-1103Recording date: 28th October 2025Minnova Corp (TSXV:MCI) presents a distinctive investment opportunity in the junior gold development space, combining near-term production potential with substantial infrastructure advantages and exceptional leverage to elevated gold prices. The company is advancing the past-producing PL Gold Mine in northern Manitoba toward production by late 2027 or early 2028, following a strategic pivot from underground to open-pit mining that transforms the project's risk-return profile.The company's most significant competitive advantage lies in its existing infrastructure. An on-site 1,000-ton-per-day mill remains in serviceable condition, requiring only $15-20 million in refurbishment versus the $100+ million that peer companies must invest to build new processing facilities. Combined with owned power lines connected to Manitoba's hydroelectric grid and major permits still in place from the 1980s operation, Minnova effectively enjoys a $50-75 million head start over grassroots developments. The mill's location just 200-300 meters from the planned open pit eliminates the substantial haulage costs and logistical complexity that burden many competing projects.The transformation in gold prices has fundamentally altered project economics. Minnova's 2017 feasibility study, prepared when gold traded at $1,250 per ounce, contemplated an 800-ton-per-day underground operation producing 46,000 ounces annually. While technically viable, the project struggled to attract financing. With gold now above $4,000 per ounce, the company has shifted to an open-pit strategy that can utilize the mill's full 1,000-ton-per-day capacity from day one. The 2017 underground scenario showed a 300% after-tax internal rate of return at $2,500 gold; the lower-cost open-pit approach should deliver even...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}