Newmont(NEM) Prnewswire·2025-03-20 09:04Core 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]. Group 1: Allegations and Financial Impact - The class period for the lawsuit is from February 22, 2024, to October 23, 2024 [1]. - On October 23, 2024, Newmont announced disappointing EBITDA for Q3 2024, along with decreased production and increased operating costs [1]. - The company revealed that mining operations at its two Tier 1 assets would experience lower production than previously guided, with expectations of higher costs [1]. - Following the announcement, Newmont's stock price fell from 49.25 per share, a decline of approximately 14.5% [1]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by April 1, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case [2]. - Participation in the case incurs no cost or obligation for shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].