PARAMARIBO (Reuters) -Newmont, the world’s largest listed gold miner, announced on Friday that it would lay off 10% to 15% of its workforce at its Merian mine in Suriname, citing production declines. “Since 2021, gold production at Merian has declined 48% while operating costs have increased by 50%, challenges that have put pressure on the […]
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Newmont to fire at least 10% of staff at Suriname’s Merian mine
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PARAMARIBO (Reuters) -Newmont, the world’s largest listed gold miner, announced on Friday that it would lay off 10% to 15% of its workforce at its Merian mine in Suriname, citing production declines.
“Since 2021, gold production at Merian has declined 48% while operating costs have increased by 50%, challenges that have put pressure on the long-term sustainability of operation,” Newmont said in a press release.
According to the company, some 1,550 people currently work at the Merian site.
(Reporting by Ank Kuipers; Writing by Brendan O’Boyle; Editing by Sarah Morland)