World's Biggest Gold Miner Newmont Weighs Thousands Of Job Cuts As Cost Pressures Mount

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Newmont Corporation (NYSE:NEM), the world’s largest gold producer, is reported to be evaluating significant cost-cutting measures that could result in thousands of job losses.

The review follows its $15 billion acquisition of Newcrest Mining Ltd. in 2023, which expanded its portfolio to about 20 mines and increased exposure to copper.