Top Gold Miner Newmont Plans Job Cuts in Sweeping Cost Drive (3)

Newmont Corp., the world’s largest gold miner, is studying plans to drive down costs that could lead to deep job cuts, following its $15 billion acquisition of Newcrest Mining Ltd. in 2023.

The company’s costs jumped after the purchase took its portfolio of mines to about 20 and it expanded into copper mining. Newmont’s all-in sustaining costs per ounce — a key metric for gold miners — hit an all-time high earlier in 2025, eroding the earnings generated by record bullion prices.

Newmont, which hired Boston Consulting Group to work on the plans, has told managers it wants to ...