Investigation of Claims Against Newmont Corporation by Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson encourages investors who suffered losses exceeding $50,000 in Newmont to reach out directly for insights on their options.

If you have incurred losses greater than $50,000 in Newmont from February 22, 2024, to October 23, 2024, and wish to understand your legal rights, please contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

You can also find additional information available here

NEW YORK, March 23, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a prominent national securities law firm, is investigating potential claims against Newmont Corporation (NYSE: NEM). Investors are reminded of the approaching April 1, 2025 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company.

Founded in 1995, Faruqi & Faruqi has established itself as a leading national securities law firm with locations in New York, Pennsylvania, California, and Georgia, successfully recovering hundreds of millions of dollars for investors. More details can be found at www.faruqilaw.com.

The complaint indicates that Newmont and its executives may have violated federal securities laws by providing false or misleading statements or by neglecting to disclose critical adverse information regarding the company’s capacity to enhance gold production at its Tier 1 operations, specifically Lihir and Brucejack, and by reducing overall costs across its mining operations.

A significant development occurred on October 23, 2024, when Newmont disclosed disappointing EBITDA highlights for the third quarter of 2024 and acknowledged a decline in production along with a rise in operating costs. The company reported that production from its Tier 1 assets would be lower than initially projected, accompanied by expectations of increased costs.

This announcement had a swift impact, leading to a dramatic fall in Newmont's common stock price, which dropped from $57.74 per share on October 23, 2024, to $49.25 per share the following day, October 24, 2024.

The lead plaintiff is typically the investor with the most significant financial interest in the case who is both adequate and representative of the class members, managing and directing the litigation on behalf of the group. Any member of the prospective class can file a motion to serve as lead plaintiff through an attorney of their choice or may opt out and remain an absent class member. Importantly, whether one chooses to serve as lead plaintiff does not affect the potential recovery from the lawsuit.

Faruqi & Faruqi, LLP also invites anyone with information related to Newmont’s actions to reach out, which includes whistleblowers, former employees, shareholders, and others.

For further details regarding the Newmont class action, you can visit this link or contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee future outcomes regarding matters. We encourage discussions on your specific case, and all communications will be kept confidential.

investigation, securities, lawsuit