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New Pogo owner looks toward mine's future

North of 60 Mining News – October 5, 2018

 

Last updated 9/25/2020 at 6:44am

Australia miner Northern Star Resources buys Pogo gold mine Alaska

Shane Lasley

A bolter secures underground workings at the Pogo Mine in April. Northern Star said the Sumitomo team did a superb job in developing and operating this high-grade Alaska gold mine.

Northern Star Resources Ltd. Oct. 1 announced that it has closed the deal to buy the Pogo gold mine in Interior Alaska.

The mid-tier Australian gold producer paid US$260 million to buy this high-grade underground operation from a joint venture between Japanese firms Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent).

"On behalf of Northern Star, I would like to thank Su...



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