The mining newspaper for Alaska and Canada's North

Aussie gold miner to pay $260M for Pogo

Northern Star Resources acquires high-grade Alaska gold mine North of 60 Mining News – September 1, 2018

Australian gold miner Northern Star Resources Ltd. is adding the Pogo Mine in Alaska to its growing portfolio of low-cost, high-grade underground gold mines.

In a deal announced on Aug. 30, the Perth-based miner has agreed to pay US$260 million to buy out Sumitomo Metal Mining Pogo, a joint venture between Japanese firms Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent) th...

 

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