The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Less than a month after closing a deal to acquire Pogo, Northern Star Resources Ltd. has published an Australian Joint Ore Reserves Committee- (JORC) compliant resource for this high-grade underground gold mine in Interior Alaska. According to the new calculation, Pogo hosts 8.8 million metric tons averaging 14.7 grams per metric ton (4.15 million ounces) gold. This includes 3.3 million metric tons of indicated resource averaging 15.7 g/t (1.67 million oz) gold; and 5.48...
Northern Star Resources Ltd. cut a deal in August to acquire full ownership of the Pogo gold mine in Alaska, the Perth-based mid-tier gold producer's first operation outside of Australia. The Aussie miner paid 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 owned the high-grade gold mine east of Fairbanks. At the time of the acquisition, Pogo hosted roug...
