Class Action Filed Against Newmont Corporation (NEM) Seeking Recovery for Investors

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 [3][4]. Group 1: Financial Performance - Newmont reported disappointing EBITDA highlights for the third quarter of 2024, along with decreases in production and increases in operating costs [3]. - The company revealed that mining operations at its two Tier 1 assets would experience lower production than initially guided, with expectations of higher costs at these facilities [3]. Group 2: Stock Price Impact - 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, reflecting a significant market reaction to the news [3]. Group 3: Legal Action and Shareholder Information - Shareholders who purchased Newmont shares during the class period from February 22, 2024, to October 23, 2024, are encouraged to register for the class action lawsuit, with a deadline set for April 1, 2025 [4]. - The Gross Law Firm is leading the class action, aiming to protect investors' rights and seek recovery for losses incurred due to misleading statements by the company [5].