Since its 2018 acquisition of Pogo Gold Mine — a large underground mine near Delta Junction — Australia-based Northern Star Resources Ltd. is embarking on roughly $85 million of reinvestments.
The money has produced 46 new local jobs in the past six months, raising Pogo’s workforce to about 500 on-site.
The reinvestments are in addition to the $260 million price tag to purchase the mine from its previous owner, Japan-based Sumitomo Metal Mining Co. and Sumitomo Corp.
Shaun McLoughney, general manager at the mine, gave an update on Pogo’s future at a luncheon Tuesday hosted by the Greater Fairbanks Chamber of Commerce.
“It’s an outstanding piece of real estate, it’s a huge gold endowment and a magnificent piece of infrastructure,” McLoughney said of the roughly 322-acre mine, which