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Kingsgate Consolidated Ltd Announces Job Cuts-DJ


Friday, 28 Jun 2013 03:33am EDT 

Australian Associated Press reported that Kingsgate Consolidated Ltd announced job cuts and a $300 million impairment charge caused by weak gold prices. Kingsgate said it would reduce staff as it undertakes a new mine operation plan at its Challenger gold mine in South Australia. Part of the reduction in expenses would come from fewer employees, it said. 

Company Quote

0.91
-0.03 -3.19%
14 Jul 2014