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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. 

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0.085 +12.06%
5 Mar 2015