Northern Star in $43m Alaskan expansion

Northern Star will spend $43 million expanding the capacity of its Pogo goldmine in Alaska by 30 per cent.

The ASX-listed miner says it will start work in the current financial year and complete the expansion early in the 2021 calendar year, increasing Pogo’s annual throughput capacity from 1.0 million tonnes to 1.3 million tonnes.

Northern Star says the decision to expand was taken after mining rates increased following a change in mining method, implementation of a new mining fleet and the upgrading of Pogo’s resources and reserves.

AAP