Major gold producer Newmont, a Denver company, is laying off nearly two dozen works in the city.

Newmont will lay off 23 workers beginning Nov. 30, according to a filing last Wednesday to local officials as required by the Worker Adjustment and Retraining Notification Act (WARN).

It’s the second round of layoffs Newmont has implemented this year after announcing cuts of 19 jobs in late August. The first round of layoffs is expected to begin later this month on Oct. 28, the first WARN letter said.

Newmont did not respond to a request for comment.

The layoffs do “not constitute a shutdown or closure of all operations at the company’s Denver headquarters,” the letters said.

Many of the layoffs in both rounds are executive positions, as dozens of departments had their heads and directors cut.

The layoffs will affect Newmont’s headquarters at 6900 E. Layton Ave. in Denver. Newmont, founded in 1921, is the largest gold company in the world. It’s also a major producer of copper, zinc, lead and silver with operations in Africa, Australia, Latin America, the Caribbean, North America and Papua New Guinea, according to its website.

The company is also transitioning to a new CEO as Tom Palmer is set to retire at the end of the year. Newmont announced in September that Natascha Viljoen, the company’s current president and chief operating officer, will replace him beginning Jan. 1, 2026.

“We will combine operational excellence, cost discipline and judicious capital allocation to ensure strong financial performance, systematically unlocking more value for shareholders and stakeholders alike,” Viljoen said in a news release on Sept. 29.

Under her leadership, Viljoen said, the company will be “stronger, simpler and more resilient.”