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

Robbins LLP's Call to Action for NEM Investors

In a decisive move, the shareholder rights law firm Robbins LLP is reminding investors who faced substantial losses in Newmont Corporation (NYSE: NEM) to consider their options regarding a recently filed class action lawsuit. The firm is reaching out to shareholders who acquired Newmont securities between February 22, 2024, and October 23, 2024, precisely when significant issues began to arise within the company.

Newmont is recognized as a leader in the mining industry, operating as the world's largest gold mining entity while also producing copper, silver, zinc, and lead. The recent legal pursuit emphasizes the firm's commitment to securing the rights of shareholders who may have been misled regarding the company's operational capabilities and financial projections.

Key Allegations Against Newmont Corporation

The basis of the allegations rests upon claims that Newmont misrepresented its ability to boost gold production, specifically at its Tier 1 operations in Lihir and Brucejack. The investor community was informed through persistent public statements that the company would comfortably meet production targets while simultaneously reducing operating costs. However, these assertions came into question following a press release published by Newmont on October 23, 2024.

In this press release, the company disclosed disappointing operational results for the third quarter of 2024 alongside significant markdowns to their production forecasts. The unexpected announcement of reduced production and rising operational costs at their flagship assets sent shockwaves through the market, triggering a sharp decline in the company’s stock price. Reports noted that shares plummeted from $57.74 on October 23 to $49.25 within just one day, leading many investors to revisit their decision to invest in Newmont.

What Should Affected Investors Do?

Affected shareholders are urged to engage with Robbins LLP to learn about their legal options for potentially participating as lead plaintiffs in this class action lawsuit, which is crucial for representing the interests of the wider investor community. The deadline for filing the necessary paperwork is set for April 1, 2025. Shareholders interested in serving as lead plaintiffs can find resources and advice from Robbins LLP to help in the application process.

It is important to note that participation in the class action is not a prerequisite for recovering potential losses, as investors can opt to remain as absent class members without engaging in the legal proceedings.

Legal Representation on a Contingency Basis

Robbins LLP assures that all legal representation is conducted on a contingency fee basis, meaning that shareholders will not incur any fees or expenses unless they recover funds through the lawsuit. This model aligns the interests of the law firm with those of the investors, fostering a cooperative effort in seeking return on their investments.

About Robbins LLP

Robbins LLP has established itself as a leader in shareholder rights litigation since its inception in 2002. The firm is dedicated to advocating for shareholders, assisting them to recoup losses, and championing better corporate governance practices. Their history and commitment to shareholder rights position them well in taking powerful legal action against corporations that mislead their investors.

Those who wish to remain informed about the class action’s developments or who need insights on corporate misdeeds can sign up for Stock Watch alerts. Additionally, Robbins LLP maintains transparency by advertising their past litigation results, although they caution that these do not guarantee similar outcomes in future cases.

If you have been affected by the recent downturn in Newmont Corporation’s stock, it may be time to seek out help from Robbins LLP to ensure your rights as an investor are protected.