Shareholders that lost money on Newmont Corporation(NEM) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
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A class action securities lawsuit has been filed against Newmont Corporation alleging securities fraud between February 22 and October 23, 2024. The lawsuit stems from the company's October 23, 2024 press release revealing disappointing EBITDA, lower production, and higher operating costs at two Tier 1 mining assets. Following this announcement, Newmont's stock price dropped from $57.74 to $49.25 per share.
March 25, 2025 | 10:45 pm
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The class action lawsuit alleges securities fraud related to Newmont's Q3 2024 financial performance, potentially exposing the company to financial penalties and reputational risk.
The lawsuit directly targets Newmont, alleging misleading financial disclosures that caused significant stock price decline. Legal proceedings could result in financial penalties, management distraction, and investor confidence erosion.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100