Loading ...Newmont (NYSE: NEM) (TSX: NGT), the world’s No. 1 gold miner, has reached a profit-sharing agreement with the workforce at its Peñasquito gold-silver mine in Mexico.
The uncapped profit-sharing bonus of up to 10% is valued at $70 million, the company said.
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“We are pleased to have reached this agreement with the National Union of Mining, Metallurgical, Iron and Steel and Similar Workers of the Mexican Republic (…) without interruption to the operation,” Newmont CEO Tom Palmer said in a statement.