Teck agrees to sell Mexico gold asset

Vancouver-based Teck Resources has agreed to sell its 78,8% holding the Morelos gold project, in Mexico, to junior Gleichen Resources, for $150-million in cash plus shares representing 4,9% of Gleichen. The transaction is expected to close in the...

Teck closes sale of Pogo stake

Vancouver-based Teck Resources has completed the sale of its interest in the Pogo gold mine, in Alaska, for $245-million, the firm reported on Wednesday. The group, which has been selling noncore assets for cash to repay debt, announced in April...

Teck will get $245m for Pogo stake

Vancouver-based Teck Resources has agreed to sell its 40% share of the Pogo gold mine, in Alaska, to Sumitomo Metal Mining, which, with Sumitomo Corp, owns the balance of the asset, for $245-million. Teck has been selling off noncore assets -...

Pogo mine, US

Name: Pogo mine. Location: Pogo mine is located 145 km south-east of Fairbanks, Alaska, US. Brief history: The Pogo deposit was discovered in 1994 by the Sumitomo companies. In 1997, Teck Cominco secured its interest by signing a joint-venture...