Faruqi & Faruqi Notifies Newmont Corporation Investors about Class Action Lawsuit

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Newmont To Contact Him Directly To Discuss Their Options

If you incurred losses over $50,000 in Newmont between February 22, 2024 and October 23, 2024 and are interested in discussing your legal rights, please reach out to Faruqi & Faruqi partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310).

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NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a prominent national securities law firm, is actively investigating potential claims against Newmont Corporation ("Newmont" or the "Company") NEM and reminds investors of the April 1, 2025 deadline to apply for the role of lead plaintiff in a federal securities class action filed against the Company.

Faruqi & Faruqi is a well-respected national securities law firm with offices in New York, Pennsylvania, California, and Georgia. Since its establishment in 1995, the firm has secured hundreds of millions of dollars for investors. To learn more about the firm, visit www.faruqilaw.com.

The allegations in the complaint suggest that the Company and its executives violated federal securities laws by providing false and/or misleading information and failing to disclose crucial negative facts regarding Newmont's capability to increase gold production at its Tier 1 operations, particularly at the Lihir and Brucejack mines, while also reducing overall costs.

On October 23, 2024, the truth came to light when Newmont published a press release detailing disappointing third-quarter 2024 EBITDA highlights, along with reductions in production and increases in operating costs. The Company announced that mining operations at its two Tier 1 assets would yield lower production than previously expected, with expectations of higher expenses at these facilities.

This news prompted immediate reactions from investors and analysts, leading to a significant drop in Newmont's stock price. From a closing price of $57.74 per share on October 23, 2024, the stock plummeted to $49.25 per share by October 24, 2024.

The lead plaintiff in a class action is usually the investor with the most financial stake in the case and who is representative of the other class members. Anyone who is part of the class can request to serve as the lead plaintiff through their chosen legal representation, or they can decide to remain part of the class without any involvement in the management of the lawsuit. Your eligibility to participate in any recovery from the lawsuit is not influenced by your choice to take on the lead plaintiff role.

Faruqi & Faruqi, LLP also invites anyone with knowledge about Newmont's activities to get in touch with them, including whistleblowers, former staff, and shareholders.

For more information regarding the Newmont class action, visit http://www.faruqilaw.com/NEM or contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Newmont, lawsuit, investors, securities, classaction