Core Viewpoint - A class action lawsuit has been initiated against Newmont Corporation due to disappointing financial results and operational challenges reported in Q3 2024, leading to a significant drop in stock price [1][3][4]. Financial Performance - Newmont reported disappointing EBITDA highlights for Q3 2024, with decreases in production and increases in operating costs [3]. - The company indicated that mining operations at its two Tier 1 assets would experience lower production than previously guided, alongside expectations of higher costs [3]. Stock Market Reaction - Following the announcement on October 23, 2024, Newmont's stock price fell from $57.74 per share to $49.25 per share within a day [4]. Legal Proceedings - The class action lawsuit, James Karas v. Newmont Corporation, was filed in the United States District Court for the District of Colorado, affecting all individuals who purchased Newmont securities between February 22, 2024, and October 23, 2024 [1][4]. - Affected investors have until April 1, 2025, to request to be appointed as lead plaintiff in the case [4]. Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the United States [5].
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of Newmont Corporation Securities and Sets a Lead Plaintiff Deadline of April 1, 2025