Northern Star raises cash to buy Pogo
North of 60 Mining News – September 8, 2018
Share
Tweet
Last updated 9/25/2020 at 6:30am
Shane Lasley
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....
For access to this article please
sign in or
subscribe.
Reader Comments(0)