On September 28, 2018, Sumitomo Metal Mining Co., Ltd. (85% interest and mine operator) ("SMM") and Sumitomo Corp. (15% interest) ("SC") completed the US$260 million sale of the Pogo Gold Mine in Alaska to Northern Star Resources.

Sumitomo Metal Mining is Japan's largest gold miner and a global leader in the development and mining of non-ferrous metals.

Northern Star Resources, a Perth-based mid-tier gold producer, operates numerous underground gold mines in Australia. The Pogo mine represents NST's first operation outside of Australia and is considered a Tier-1 project in a Tier-1 jurisdiction, having an average annual production of 3 million ounces of gold.

DLA Piper (Canada) LLP acted as legal adviser to SMM and SC while RCI Capital Group acted as financial advisor to Sumitomo.

DLA Piper’s participation in the transaction follows closely on their role in the award winning joint venture and strategic partnership formed regarding IAMGOLD Corporation's Côté Gold Project located in Ontario, Canada in which the DLA Piper Canada Mining Group also represented Sumitomo Metal Mining.

The DLA Piper Canada transaction team was led by David Reid, Global Co-Chair of DLA Piper's Mining Group, and included Ruby Chan, Don Collie, Mike Megalli, Brent MacLean, Kevin Wright, and Peter Li.
With far-reaching experience representing mining companies at all stages in relation to all aspects of projects in Canada and around the world, the DLA Piper Canada Mining Group provides integrated expertise on multi-faceted transactions to give our clients the competitive edge in the global commodities market.