A securities class action has been filed in the USDC — CO. against Newmont Corporation (NEM) (“Newmont” or the “Company”), on behalf of all persons or entities who purchased or otherwise acquired Newmont securities between February 22, 2024, and October 23, 2024, both dates inclusive (the “Class Period”).

Newmont is the world’s leading gold mining company and producer of copper, silver, zinc and lead. The Company has operations and/or assets in the North America, Africa, Australia, Latin America and Caribbean, and Papua New Guinea.

The claim arises on October 23, 2024, when Newmont published a press release announcing disappointing EBITDA third quarter 2024 highlights, in addition to decreases in production and increases in operating costs.

The complaint alleges that Defendants provided 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.

As a result, from a closing market price of $57.74 per share on October 23, 2024, Newmont’s stock price fell to $49.25 per share on October 24, 2024.

If you purchased Newmont securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.