At $1800 per ounce one would think they could pay employees more than the contractors.
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.
