Canadian miner Barrick Gold will announce more jub cuts and potentially the closure of mines in Western Australia as the falling gold price continues to weigh on the sector, The Australian Financial Review reports.
According to the newspaper, Barrick's Australia Pacific vice-president Mike Feehan is set to address staff in Perth on Wednesday, where he is expected to outline further cost-saving measures.
Barrick, the world's largest gold miner, has already trimmed its WA staff by 60 people this month.
The AFR reports around 100 jobs are set to be cut from the group's regional head office in Perth, with more losses - or potentially partial closures – likely at Barrick's five mining operations in WA.
any relevance to FML ? - time will tell
FML Price at posting:
1.9¢ Sentiment: None Disclosure: Held
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