Newmont(NEM) Prnewswire·2025-02-24 10:45Core 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]. Summary by Relevant Sections Class Action Details - The class period for the lawsuit is from February 22, 2024, to October 23, 2024 [1]. - Shareholders who purchased shares during this period are encouraged to register for potential lead plaintiff appointment [2]. Allegations Against Newmont - On October 23, 2024, Newmont announced disappointing EBITDA for Q3 2024, alongside decreases in production and increases in operating costs [1]. - The company indicated that mining operations at its two Tier 1 assets would experience lower production than previously guided, with expectations of higher costs [1]. - Following this announcement, Newmont's stock price fell from 49.25 per share within one day [1]. Next Steps for Shareholders - Shareholders must register by April 1, 2025, to participate in the class action [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3].