Faruqi & Faruqi Alerts Investors of Class Action Lawsuit Against Newmont Corporation

Faruqi & Faruqi, LLP is actively working on a class action lawsuit against Newmont Corporation, reminding investors of the approaching deadline for lead plaintiffs. This is crucial for those who have suffered significant financial losses during a specified period.

Investors who have incurred losses exceeding $50,000 in Newmont between February 22, 2024, and October 23, 2024, are strongly encouraged to reach out to Faruqi & Faruqi. The deadline for seeking the role of lead plaintiff is April 1, 2025. For a consultation on legal rights and options, contact Securities Litigation Partner James (Josh) Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi is known as a prominent national securities law firm, with extensive experience and a track record of recovering substantial amounts for investors. The firm operates in multiple states including New York, Pennsylvania, California, and Georgia.

The pending complaint against Newmont alleges violations of federal securities laws, specifically regarding misleading statements and nondisclosure of critical information concerning the company's operations. This includes claims about Newmont’s ability to increase gold production at its top-tier mining sites, particularly Lihir and Brucejack, while managing costs.

The situation escalated on October 23, 2024, when Newmont released a press announcement revealing disappointing third-quarter financials, including declines in production and rising operational costs. The company's stocks suffered dramatically as a direct result of this revelation. The price per share plummeted from $57.74 on October 23, 2024, to $49.25 on October 24, 2024.

In class action lawsuits, the lead plaintiff represents the entire class of affected investors. This person is typically someone who has sustained the largest financial loss and is adequate to guide the class's interests through the litigation process. Class members have the option to either seek to become lead plaintiff or remain as passive participants in the class.

Faruqi & Faruqi also welcomes anyone with information regarding Newmont's actions to come forward, including whistleblowers and former employees.

For further details about this lawsuit against Newmont, visit http://www.faruqilaw.com/NEM or reach out to Josh Wilson directly at the phone numbers provided above.

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Note: This announcement is attorney advertising. The firm values confidentiality in all communications.

lawsuit, investors, Newmont