Newmont applies for voluntary delisting from Toronto Stock Exchange

(Reuters) - Newmont has applied for a voluntary delisting of its common shares from the Toronto Stock Exchange due to low trading volumes, the world's top gold miner said on Wednesday. The move, expected to be effective on or about the close of trading September 24, is likely to improve the administrative efficiency and reduce costs. Bloomberg News reported in August that Newmont has set a target of reducing costs by $300 per ounce, which could lead to thousands of layoffs. Last year, the miner had anno ...