Colorado-based Newmont, the world’s largest gold mining company, is proceeding with another round of staff reductions at its Denver headquarters as part of an ongoing effort to cut costs and improve productivity (The Denver Post). The restructuring, which follows earlier job cuts this year, has also affected some employees in Canada.
According to filings and company statements, 65 positions will be eliminated at Newmont’s Denver headquarters around December 14, 2025. The announcement follows earlier reductions involving 19 employees in August and 23 employees in October, bringing the total number of recent job cuts to 107.
Most of the affected roles are management positions. The company confirmed that severance packages will be offered and emphasized that the reductions do not represent a full closure of its Denver operations.
Newmont said the latest cuts are part of a process launched in February 2025, which includes both labor and non-labor cost-saving measures. Despite record-high gold prices — recently exceeding $4,000 USD per ounce — the company continues to focus on lowering its cost base and improving efficiency across its global operations.
As part of broader corporate changes, Tom Palmer, Newmont’s CEO since 2019, will step down on December 31, 2025. He will be succeeded by Natascha Viljoen, the company’s current president and chief operating officer, who will take over as CEO on January 1,...
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