At $1800 per ounce one would think they could pay employees more than the contractors. - Anonymous employee Newmont Employee Review

2.0
Aug 10, 2011
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

This place has a Bass Akwards compensation structure. The less education you have, the more likely you are to be paid more. The less you know about mining, and the more blood ties you have with employees and contractors and vendors, the more likely you will be a manager. It's a job, but there are other companies that this place contracts work to that pay significantly better and know more about mining. Employees without college education, but who have a relative working here are at a great advantage.

Cons

At $1800 per ounce, you think this place would be making enough money to pay employees better, but apparently all of it goes into paying the contractors who are doing the same amount of work. At Newmont prepare to make 30%-60% less than if you're working with a company like SMD or Redpath (both of which pay over $100k). If you're not related to someone working in management, or one of the vendors, you'll never advance. Your best bet is to work for one of the contractors. Newmont could probably pay better if they wouldn't have wasted so much money putting the managers, and parts 100+ ,miles away from the mine sites. If the managers thought they could manage a mine 100 miles away from the mine site, why not just run it from Denver? That way they could get rid of the wasted resources in the NARO-minded building.

Explore other reviews about Newmont

5.0
Jun 8, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great pay and benefits Strong safety culture Flexible work schedule Strong talent pool

Cons

Often short-sighted in approach Work/life balance is challenging Cyclical nature of mining led to frequent layoffs

2.0
Oct 25, 2025
Recommend
CEO approval
Business Outlook

Pros

Good Benefits and great pay, pension, 6% 401k match

Cons

Newmont has gone through 5 layoffs in 5 years. The most recent is currently ongoing with an estimated 3000 people globally being let go. The last layoff ended in April and employees were told that it would be the last one for awhile. This layoff was announced in August, so 4 months is all they went without starting another one. The employees don't trust the company anymore because of the repeated lies about layoffs. Newmont says they aren't making money with gold at record highs yet they are building all new offices in Australia and Costa Rica that are state of the art. If you have the choice go somewhere else. The other big issue is that no one in management takes harassment or retaliation seriously. Even when it's a Senior Manager harassing their employees (me). I went to HR and the managers boss, everyone swept it under the rug. The manager then retaliated against me for going to HR, I brought that up to HR and was told "no he is allowed to say what he wants and pull you from any task for any reason".

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