NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Newmont Corporation ("Newmont" or the "Company") (NYSE:NEM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether Newmont and certain of its officers and/ ...

NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Newmont investors who were adversely affected by alleged securities fraud between February 22, 2024 and October 23, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/newmont-corporation-laws ...

Core Viewpoint - Newmont Corporation is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 22, 2024, and October 23, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit was initiated following Newmont's disappointing third quarter 2024 EBITDA highlights, which included decreased production and increased operating costs [2]. - On October 23, 2024, Newmont's stock price dropped from $57.74 per share to $49.25 per share the following day after the announcement of lower production expectations and higher costs at its Tier 1 mining assets [2]. Group 2: Investor Participation - Investors who suffered losses during the specified timeframe have until April 1, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

SAN DIEGO, Feb. 3, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that the Newmont class action lawsuit seeks to represent purchasers or acquirers of Newmont Corporation (NYSE: NEM) securities between February 22, 2024 and October 23, 2024, inclusive (the "Class Period"). Captioned Karas v. Newmont Corporation, No. 25-cv-00341 (D. Colo.), the Newmont class action lawsuit charges Newmont and certain of Newmont's top executives with violations of the Securities Exchange Act of ...

The latest trading session saw Newmont Corporation (NEM) ending at $42.72, denoting a -0.86% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.51%. Meanwhile, the Dow experienced a drop of 0.75%, and the technology-dominated Nasdaq saw a decrease of 0.28%.Shares of the gold and copper miner witnessed a gain of 12.3% over the previous month, beating the performance of the Basic Materials sector with its gain of 4.34% and the S&P 500's gain of 2.87%.The upcoming earnings r ...

NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Newmont Corporation (“Newmont” or the “Company”) (NYSE: NEM) between February 22, 2024 and October 23, 2024, both dates inclusive. You are hereby notified that the class action lawsuit James Karas v. Newmont Corporation, et al. (Case No. 1:25-cv-00341) has been commenced in the United States District Court for the District ...

Newmont Corporation (NEM) recently announced the divestment of its Porcupine operation in Ontario, Canada to Discovery Silver Corp. for up to $425 million in consideration. With the completion of all the announced divestiture transactions, including this, Newmont will deliver up to $4.3 billion in total proceeds from non-core asset divestitures and investments.The expected proceeds of $425 million from the divestiture include cash consideration of $200 million, equity of $75 million in the form of Discovery ...

Transaction Overview - Discovery Silver Corp has entered into a definitive agreement to acquire 100% of Newmont's interest in the Porcupine Complex for a total consideration of $425 million [3] - The consideration includes $200 million in cash, $75 million in Discovery common shares, and $150 million in deferred cash payments starting in 2027 [4] - The acquisition is expected to establish Discovery as a growing Canadian gold producer with a large mineral resource base in a Tier 1 jurisdiction [7] Financing Details - Discovery has secured approximately $555 million in financing to fund the transaction and support operations, including $400 million from Franco-Nevada and $155 million from a public offering [5] - The public offering involves 250 million subscription receipts at C$0.90 each, with an over-allotment option for an additional 25 million receipts [33] - Franco-Nevada will provide $200 million in royalty financing, $100 million in repayable royalty financing, and $100 million in senior debt [32][37] Porcupine Complex Highlights - The Porcupine Complex is expected to produce an average of 285,000 ounces of gold annually over the next 10 years, with a total mine life of 22 years [13] - The complex includes the Hoyle Pond, Borden, and Pamour mines, with significant opportunities to increase production and reduce costs [20] - The base case NPV for the Porcupine Complex is $1.2 billion, with a sensitivity case NPV of $2.3 billion at higher gold prices [12][13] Strategic Benefits - The acquisition diversifies Discovery's portfolio, reducing risk and providing leverage to both gold and silver prices [9] - The transaction positions Discovery to build substantial financial strength through future production from the Porcupine Complex [13] - Discovery's management team brings extensive experience in the Timmins Camp, which is expected to maximize the value of the Porcupine Complex [13][25] Technical and Economic Analysis - The Porcupine Technical Report includes a preliminary economic assessment with inferred mineral resources that are considered speculative [2][17] - The report highlights opportunities to grow production, reduce costs, and extend mine life at the Porcupine Complex [20] - Significant exploration potential exists across the 140,000-hectare land position, with plans for extensive drilling [20] Shareholder and Stakeholder Benefits - The transaction is expected to create significant value for shareholders through future operating performance and exploration potential [9] - Discovery plans to invest in site restoration and rehabilitation, ensuring the community can safely use the sites in the future [8][25] - The acquisition establishes Discovery as a new North American precious metals producer with a strong pipeline for growth [25]

Newmont Corporation (NEM) ended the recent trading session at $41.68, demonstrating a -1.58% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.28%.The gold and copper miner's shares have seen an increase of 10.55% over the last month, surpassing the Basic Materials sector's gain of 2.33% and the S&P 500's gain of 2.08%.Market participants will be closely following the financial results ...

POLAND - 2024/12/06: In this photo illustration, the Newmont company logo is seen displayed on a ... [+] smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNewmont Corporation (NYSE: NEM), the world’s largest gold miner, has seen its stock underperform since September end, falling by 33% compared to the S&P 500 which is up 1.8%. Newmont’s stock price movement is aligned with that for its peers, including Freeport-McMoRan (NYS ...