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ATTENTION NYSE: NEM INVESTORS: Contact Berger Montague About a Newmont Corporation Class Action Lawsuit
NEMNewmont(NEM) GlobeNewswire News Room·2025-02-07 13:33

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 8.49pershare,adeclineofover148.49 per share, a decline of over 14%, from 57.74 to $49.25 per share [5].