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 du...
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