By Shane Lasley
Mining News 

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

 

Last updated 9/25/2020 at 6:23am

Australia miner North Star Resources buy Pogo gold mine Alaska

Sumitomo Metal Mining Pogo

Northern Star Resources has agreed to pay US$260 million to acquire Pogo, an Alaska mine that has produced 3.8 million ounces of gold since operations began in 2006.

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)...



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