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Costs rise again at Pogo gold mine

 

Last updated 9/24/2006 at Noon



Construction costs for Alaska's Pogo gold mine near Fairbanks have risen again to $378 million, Japan's Sumitomo Metal Mining said in a release Aug. 23. Sumitomo owns a 51 percent stake in Pogo and the operator is Vancouver-based Teck Cominco.

The original construction cost estimate in May 2004 was $280 million. The latest estimate in October 2005 was $357 million.

Some of the increases were...



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