#United States #San Diego #Class Action #Robbins LLP #Newmont Corporation

Newmont Corporation Class Action Lawsuit

Robbins LLP has officially alerted stockholders regarding a class action lawsuit that has been filed against Newmont Corporation, the world's leading company in gold mining, along with its production of other key metals such as copper and silver.

The class action pertains to all investors who acquired Newmont’s securities between February 22, 2024, and October 23, 2024. During this period, significant allegations arose that the company misrepresented its business performance and future production capabilities. Specifically, complaints claim that Newmont issued false statements about its ability to boost gold production from its primary mining locations, including Lihir and Brucejack, while also assuring a reduction in mining costs.

The turning point occurred on October 23, 2024, when Newmont disclosed disappointing financial results that revealed reduced gold production and increased operational costs. The financial report revealed that the expectations set by Newmont about the mining operations at its Tier 1 assets were optimism-heavy, resulting in the company’s stock price plummeting from $57.74 per share to $49.25 the following day, following market reactions to the news. This drop signified a loss of market confidence and raised substantial concerns about the company’s transparency and governance.

What’s Next for Investors?

Investors who hold shares of Newmont Corporation may be eligible to participate as plaintiffs in this class action lawsuit. If you wish to take a more active role and serve as a lead plaintiff—which allows an individual to represent the interests of the shareholder class—you must file a motion with the court by April 1, 2025.

Being a lead plaintiff comes with specific responsibilities, including providing guidance on litigation and decisions made throughout the duration of the lawsuit. However, shareholders have the option to remain passive participants in the case without losing their rights to any potential recovery that may arise from the lawsuit's outcome. Notably, all legal representation is provided on a contingency fee basis, meaning that shareholders incur no upfront costs for legal fees or expenses.

About Robbins LLP

Robbins LLP is renowned for its commitment to shareholder rights and corporate governance. With over two decades of experience, the firm has successfully secured billions in recoveries for defrauded investors and has played a pivotal role in advocating for enhancements in corporate accountability. The firm’s attorneys leverage their expertise to ensure that companies are held accountable for their actions that result in shareholder losses.

Investors interested in staying updated about the class action's progress, or who wish to be notified upon its resolution, are encouraged to sign up for Stock Watch alerts. This program offers shareholders timely information regarding the status of the lawsuit against Newmont Corporation and other pertinent corporate governance developments.

In conclusion, as the class action proceeds, shareholders of Newmont Corporation will have the opportunity to actively participate in the enforcement of their rights regarding corporate conduct. For more information and to initiate your inquiry, reach out to Robbins LLP directly via their contact details.

Contact Information

For any inquiries or to discuss your potential involvement further, please contact attorney Aaron Dumas, Jr. via email or by calling (800) 350-6003.

Stay informed and take action to protect your investment rights.

Note: This communication is attorney advertising, and past performance does not guarantee future results.