Newmont Cuts 65 Jobs in Denver, Canadian Staff Also Affected

What’s Happening at Newmont?

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.

Third Round of Cuts in 2025

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.

CEO Transition

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, 2026 and join the board of directors. Palmer will remain as a strategic adviser until his retirement in March 2026.

Impact on Canadian Employees

While the latest reductions are concentrated in the United States, Canadian employees have also been affected as part of Newmont’s global restructuring. Samfiru Tumarkin LLP has been contacted by individuals in Canada impacted by the company’s ongoing changes.

In early 2025, Newmont sold its Timmins-area gold mine to Discovery Silver for $425 million USD.

• SEE ALSO: Layoffs in Canada: Which Employers are Slashing Staff?

📺 WATCH: Everything You Need to Know About Mass Terminations

Lost Your Job? Get Help Now

📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

Our experienced employment lawyers in Alberta, British Columbia (BC), and Ontario have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.

If you’ve lost your job at Newmont for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.