Newmont (NEM) Lays Off 23 Staff in Second 2025 Restructuring Round

Newmont Corporation (NYSE:NEM) is one of the top stocks to buy as gold rallies. On October 7, the company indicated it will lay off 23 workers at its Denver, Colorado headquarters. The layoffs are scheduled to begin on November 30, 2025. This is the second round of layoffs at the Denver HQ for 2025; an earlier round affected 19 employees. Many affected positions in the latest round are executive roles, including department heads and directors.

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The company clarified that the cuts do not represent a shutdown or closure of all operations at the Denver headquarters. Instead, they are part of a larger cost-reduction and restructuring effort. This is in response to rising costs and integration of its $15 billion acquisition of Newcrest in 2023, which expanded the company’s portfolio and operational footprint. Newmont aims to lower its all-in sustaining costs (AISC) by $300 per ounce, which may potentially affect thousands of roles globally over time.

Newmont Corporation (NYSE:NEM) explores, develops, and operates gold, copper, silver, zinc, and lead mines across North America, South America, Australia, and Africa. Its portfolio includes key assets such as Boddington in Australia, Peñasquito in Mexico, and Ahafo and Akyem in Ghana. Its main offerings are gold bullion and copper concentrate.

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Disclosure: None. This article is originally published at Insider Monkey.