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Gold rout forcing mining firms to slash labour costs

Cutbacks include corporate office staff and local contractors but not mine workers

Published Fri, Aug 14, 2015 · 09:50 PM
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New York

MINERS from global giant Barrick Gold Corp to small-cap Golden Star Resources Ltd are grappling with the same dilemma as the gold rout deepens: how to reign in labour costs without sacrificing too much output and revenue.

Barrick is looking at how to do "more with less" as it targets US$2 billion …

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