Loading ...Australia’s Northern Star Resources (ASX:NST) is expanding overseas by acquiring Sumitomo Metal Mining Co and Sumitomo Corp’s Pogo underground gold mine in Alaska for $260 million.
Pogo, located southeast of Fairbanks city, is currently the eight largest gold mine in the US. It has produced 3.8 million ounces of gold over the past 12 years at an average mine grade of 13.6 grams per tonne.
Australia’s Northern Star to buy gold mine in Alaska for $260 million