Newmont Cuts Management Jobs in Major Corporate Restructuring [Yahoo! Finance Canada]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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US:NYSE Investor Relations:
newmont.com/investor-relations/default.aspx
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The world's top gold mining company initiated plans to dismiss one executive and at least 10 senior managers, the people said, asking not to be named discussing internal matters. Newmont also told employees it plans to merge several business units in an effort to streamline the reporting structure. Five units will be consolidated into three, ridding the miner of standalone divisions that oversee operations in Australia and Africa, and combining them with units that oversee North America and East Asia. The shakeup follows a disappointing earnings report in late October that revealed the gold producer is struggling to control costs and capitalize on surging bullion prices. Newmont is spending more than expected to dig gold from mines in Australia, Canada, Peru and Papua New Guinea. Chief Executive Officer Tom Palmer faced criticism from top investors in private conversations with the company following the October earnings report, said one of the people.
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- Newmont (NYSE:NEM shareholders incur further losses as stock declines 11% this week, taking three-year losses to 31% [Yahoo! Finance]Yahoo! Finance
- Newmont Files Early Warning Report [Yahoo! Finance]Yahoo! Finance
NEM
Earnings
- 10/23/24 - Beat
NEM
Sec Filings
- 12/6/24 - Form 3
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- NEM's page on the SEC website