Core Viewpoint - A class action lawsuit has been filed against Newmont Corporation and certain senior executives for alleged violations of federal securities laws during the class period from February 22, 2024, to October 23, 2024 [1][2]. Company Overview - Newmont Corporation is a gold mining company that also produces copper, silver, zinc, and lead, with operations and assets in North America, Africa, Australia, Latin America, the Caribbean, and Papua New Guinea [4]. Allegations of the Lawsuit - The lawsuit claims that Newmont misrepresented its production capabilities and cost management, emphasizing its Tier 1 portfolio and expressing confidence in increasing production while reducing costs. However, the company allegedly downplayed operational and maintenance risks, as well as rising labor and energy costs [5]. - On October 23, 2024, Newmont disclosed disappointing EBITDA for Q3 2024, along with lower production and higher operating costs than previously expected, particularly at its two Tier 1 assets. This revelation led to a significant drop in the company's stock price, falling by $8.49, or nearly 15% [6].

Core Viewpoint - A securities class action lawsuit has been filed against Newmont Corporation for allegedly misleading investors about its revenue outlook and production capabilities during the specified class period from February 22, 2024, to October 23, 2024 [1][3]. Company Overview - Newmont Corporation is a gold mining company that also produces copper, silver, zinc, and lead, with operations and assets globally, including in Canada, the U.S., Africa, Australia, and Latin America [2]. Lawsuit Details - The lawsuit claims that Newmont and its senior executives provided misleading statements regarding the company's growth potential, failing to consider critical factors such as costs and mining productivity [3]. - Investors became aware of the misleading information on October 23, 2024, when Newmont announced disappointing third-quarter earnings, reduced production guidance, and increased operating costs [4]. Stock Market Reaction - Following the announcement of disappointing earnings, Newmont's stock price dropped by $8.49 per share, a decline of over 14%, from $57.74 on October 23, 2024, to $49.25 on October 24, 2024 [5].

NEW YORK, Feb. 11, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Newmont investors who were adversely affected by alleged securities fraud between February 22, 2024 and October 23, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/newmont-corporation-lawsuit-su ...

SAN DIEGO, Feb. 10, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Newmont Corporation (NYSE: NEM) securities between February 22, 2024 and October 23, 2024, both dates inclusive (the "Class Period"), have until April 1, 2025 to seek appointment as lead plaintiff of the Newmont class action lawsuit. Captioned Karas v. Newmont Corporation, No. 25-cv-00341 (D. Colo.), the Newmont class action lawsuit charges Newmont as well as certain of Newmont ...

Core Viewpoint - Newmont Corporation is facing a class action lawsuit due to disappointing financial results and operational challenges, leading to a significant drop in its stock price [1][2]. Group 1: Allegations and Financial Impact - The class period for the lawsuit is from February 22, 2024, to October 23, 2024 [1]. - On October 23, 2024, Newmont announced disappointing EBITDA for Q3 2024, alongside decreases in production and increases in operating costs [1]. - The company revealed that mining operations at its two Tier 1 assets would experience lower production than previously guided, with expectations of higher costs [1]. - Following the announcement, Newmont's stock price fell from $57.74 per share to $49.25 per share, a decline of approximately 14.5% [1]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by April 1, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. - Participation in the case incurs no cost or obligation for shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

Newmont Corporation (NYSE: NEM ) (TSX: NGT:CA ), in a short description, still has room to run. With the company reporting less than stellar earnings at the last conference, the market, expecting more, tore the stock price into pieces. In beingI have been an investor for several decades enduring the 87 crash, 2000 crash, and 08 crash. I do use trading systems developed with TradeStation. I have enjoyed the rewards from both buy and hold and trading. My professional experiences includes several decades as a ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Newmont To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $50,000 in Newmont between February 22, 2024 and October 23, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK  , Feb. 7, 2025 /PRNewsw ...

Gold prices have soared to begin 2025. The precious metal is higher by almost 10% in the first five-plus weeks of the year, but gains have been even better among gold mining company stocks. Shares of the VanEck Gold Miners ETF (Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrativ ...

Core Viewpoint - A securities class action lawsuit has been filed against Newmont Corporation, alleging that the company misled investors about its revenue outlook and production capabilities during the Class Period from February 22, 2024, to October 23, 2024 [1][3]. Company Overview - Newmont Corporation is a gold mining company based in Denver, CO, with operations and assets globally, including Canada, the U.S., Africa, Australia, and Latin America. The company also produces copper, silver, zinc, and lead [2]. Lawsuit Details - The lawsuit claims that Newmont and its senior executives provided misleading statements regarding the company's growth potential, failing to consider critical factors such as cost and mining productivity [3]. - Investors became aware of the misleading information on October 23, 2024, when Newmont announced disappointing third-quarter earnings, reduced production guidance, and increased operating costs [4]. Stock Price Impact - Following the announcement on October 23, 2024, Newmont's stock price dropped by $8.49 per share, a decline of over 14%, from $57.74 to $49.25 per share [5].

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