NEM INVESTOR ALERT: Newmont Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - The Newmont class action lawsuit alleges that the company and its executives made misleading statements regarding its financial outlook and production capabilities, leading to significant stock price declines following disappointing earnings announcements [3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Karas v. Newmont Corporation and seeks to represent purchasers of Newmont Corporation securities from February 22, 2024, to October 23, 2024 [1]. - The lawsuit claims violations of the Securities Exchange Act of 1934 by Newmont and certain executives [1]. Group 2: Allegations - The lawsuit alleges that Newmont misrepresented its revenue outlook and production capabilities, creating a false impression of reliability [3]. - It is claimed that the company provided flawed statements regarding growth projections that did not consider critical variables [3]. Group 3: Impact of Earnings Announcement - On October 23, 2024, Newmont announced disappointing third-quarter earnings, lower production guidance, and increased operating costs, resulting in a nearly 15% drop in stock price [4]. Group 4: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Newmont securities during the class period to seek appointment as lead plaintiff [5]. - The lead plaintiff represents the interests of all class members and can choose a law firm to litigate the case [5]. Group 5: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].