Newmont Corporation Class Action: The Gross Law Firm Reminds Newmont Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 1, 2025 – NEM
NewmontNewmont(US:NEM) GlobeNewswire News Room·2025-03-26 15:12

Core Points - Newmont Corporation is facing a class action lawsuit due to disappointing financial results and operational challenges reported in Q3 2024 [3][4] - The stock price of Newmont dropped significantly from $57.74 to $49.25 following the announcement of lower production and higher operating costs [3] Summary by Sections Class Action Details - Shareholders who purchased Newmont shares between February 22, 2024, and October 23, 2024, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [3][4] - The deadline for shareholders to register for the class action is April 1, 2025 [4] Financial Performance - Newmont's Q3 2024 report highlighted disappointing EBITDA, decreased production, and increased operating costs, particularly at its two Tier 1 assets [3] - The announcement led to a significant decline in stock price, indicating investor reaction to the negative news [3] Legal Representation - The Gross Law Firm aims to protect investors' rights and seeks recovery for losses incurred due to misleading statements or omissions by companies [5] - Participation in the class action does not require appointment as lead plaintiff and involves no cost to shareholders [4][5]