Newmont, the world's largest publicly traded gold mining company, announced plans to reduce its workforce by 10% to 15% at the Merian Mine located in Suriname. This decision comes in response to a significant drop in production levels. According to Newmont, since 2021, gold output at the Merian Mine has decreased by 48%, while operating costs have surged by 50%. These factors have put considerable pressure on the long-term sustainability of the mine's operations.
Currently, the Merian Mine employs approximately 1,550 workers. The company aims to address the operational challenges by adjusting its workforce to better align with the mine's current production capabilities.
