Newmont Corporation Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – NEM

Core Viewpoint - Newmont Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between February 22, 2024, and October 23, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for Newmont investors who were negatively impacted by the company's disclosures regarding disappointing EBITDA for Q3 2024, decreased production, and increased operating costs [2]. - On October 23, 2024, Newmont announced that mining operations at its two Tier 1 assets would experience lower production than previously guided, alongside expectations of higher costs, leading to a significant drop in stock price from $57.74 to$49.25 per share the following day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until April 1, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving in this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a 20-year history of securing substantial settlements for shareholders and is recognized as one of the top securities litigation firms in the United States, having ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [4].