"The plummeting gold price and higher operations have squeezed margins and led to the cost cutting measure, though the miner has not yet confirmed the exact number of terminations"
Newcrest employs 1200 people at the Telfer site and has a global workforce of roughly 16000.
Newcrest is one of the world's largest gold mining companies operates mines in four countries.
It sounds like another step in right direction as I have listened in radio someone is saying Telfer's cost was 1700 per ounce.
What does everyone think?
"The plummeting gold price and higher operations have squeezed...
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