The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News – September 8, 2018
In 2017, the mill at Pogo produced 271,273 ounces of gold from high-grade ore averaging 19.8 grams per metric ton gold.
Northern Star Resources Ltd. Sept. 3 raised AU$175 million to help fund its acquisition of the Pogo gold mine in Alaska.
In a deal announced on Aug. 30, the Australia-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) that owns and operates the mine.
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