Lawsuit filed for Investors who lost money with shares of Newmont Corporation (NYSE: NEM)

An investor, who purchased shares of Newmont Corporation (NYSE: NEM), filed a lawsuit over alleged violations of Federal Securities Laws by Newmont Corporation in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Newmont Corporation (NYSE: NEM) have certain options and for certain investors are short and strict deadlines running. Deadline: April 1, 2025. NYSE: NEM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Denver, CO based Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. Newmont Corporation (NYSE: NEM) reported that its annual Total Revenue declined from over $11.91 billion in 2022 to over $11.81 billion in 2023, and that its Net Loss increased from $429 million in 2022 to over $2.49 billion in 2023.

On October 23, 2024, Newmont Corporation announced disappointing EBITDA third quarter 2024 highlights, in addition to decreases in production and increases in operating costs. In pertinent part, Newmont revealed that mining operations at its two Tier 1 assets would see lower production than originally guided with expectations of higher costs at these facilities.

Shares of Newmont Corporation (NYSE: NEM) declined from $58.72 per share on October 22, 2024, to as low as $36.86 per share on December 30, 2024.

The plaintiff claims that between February 22, 2024 and October 23, 2024, the Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning Newmont's ability to deliver increased gold production at its Tier 1 operations, specifically, Lihir and Brucejack, in addition to lowering overall costs throughout its mining operations.

Those who purchased shares of Newmont Corporation (NYSE: NEM) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.