Case Summary

Newmont

NYSE: NEM

Case Details

  • Karas v. Newmont Corporation et al.
  • Class Period:February 22, 2024 - October 23, 2024
  • Date Filed:January 31, 2025
  • Jurisdiction:U.S. District Court, District of Colorado
  • Docket Number: 1:25-cv-00341
  • Lead Plaintiff Deadline: April 1, 2025
Days Left to
Seek Plaintiff
52

Overview

A class action lawsuit has been filed against Newmont Corporation (“Newmont” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Company’s common stock trades on the New York Stock Exchange under the symbol “NEM.”

The Newmont class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Newmont securities between February 22, 2024, and October 23, 2024, both dates inclusive (the “Class Period”).  Investors have until April 1, 2025 to seek appointment as lead plaintiff in the Newmont class action lawsuit.

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 North America, Africa, Australia, Latin America and the Caribbean, and Papua New Guinea.

The Newmont class action alleges that Defendants provided investors with material information concerning Newmont’s full year 2023 fiscal results and financial outlook for 2024 which was based in material part on Defendants’ goal to deliver higher grades of gold production as well as copper, silver, lead, zinc, and molybdenum from a global, diversified Tier 1 portfolio, improve mining operations and its cost profile to provide a steady production volume and lower all-in sustaining costs at its Tier 1 operations.

Defendants provided these 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, in addition to lowering overall costs throughout its mining operations.

*          *          *

If you purchased or otherwise acquired Newmont securities between February 22, 2024, and October 23, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]

The deadline to apply to the Court to serve as lead plaintiff in the Newmont class action lawsuit is April 1, 2025.

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