Core Viewpoint - A securities class action lawsuit has been filed against Newmont Corporation for allegedly making false and misleading statements regarding its business operations and financial prospects during the specified Class Period from February 22, 2024, to October 23, 2024 [1]. Group 1: Allegations Against Newmont - The complaint claims that Newmont was unable to increase gold production at its Tier 1 operations, specifically at Lihir and Brucejack [2]. - It is alleged that Newmont experienced higher operating costs across its mining operations [2]. - As a result, the statements made by Newmont regarding its business and operational prospects were materially false and misleading [2]. Group 2: Lead Plaintiff Process - Investors in Newmont have until April 1, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or small group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4]. - The firm encourages Newmont investors who have suffered losses to contact them for more information [4].

Core Viewpoint - Newmont Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between February 22, 2024, and October 23, 2024 [1] Group 1: Lawsuit Details - The lawsuit was initiated following Newmont's announcement on October 23, 2024, which disclosed disappointing EBITDA for Q3 2024, alongside decreases in production and increases in operating costs [2] - Newmont's press release indicated that mining operations at its two Tier 1 assets would experience lower production than previously guided, with expectations of higher costs [2] - Following the announcement, Newmont's stock price dropped from $57.74 per share on October 23, 2024, to $49.25 per share on October 24, 2024 [2] Group 2: Next Steps for Investors - 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: Firm Background - Levi & Korsinsky has a 20-year history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [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]

Core Viewpoint - Newmont Corporation is facing a class action lawsuit due to disappointing financial results and operational challenges, leading to a significant drop in its stock price [1][2]. Group 1: Allegations and Financial Impact - The class period for the lawsuit is from February 22, 2024, to October 23, 2024 [1]. - On October 23, 2024, Newmont announced disappointing EBITDA for Q3 2024, along with decreased production and increased operating costs [1]. - The company revealed that mining operations at its two Tier 1 assets would experience lower production than previously guided, with expectations of higher costs [1]. - Following the announcement, Newmont's stock price fell from $57.74 per share to $49.25 per share, a decline of approximately 14.5% [1]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by April 1, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. - Participation in the case incurs no cost or obligation for shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

Core Points - A class action lawsuit has been filed against Newmont Corporation in the United States District Court for the District of Colorado on behalf of investors who purchased Newmont securities between February 22, 2024, and October 23, 2024 [1] - Investors have until April 1, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1] Allegations - The complaint alleges that during the class period, defendants made false and misleading statements regarding Newmont's revenue outlook and its ability to increase gold and mineral production through operational improvements [3] - It is claimed that the defendants provided materially flawed statements of confidence and growth projections that did not consider critical variables [3]

RADNOR, Pa., Feb. 25, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the District of Colorado against Newmont Corporation (“Newmont”) (NYSE: NEM) on behalf of those who purchased or otherwise acquired Newmont securities between February 22, 2024, and October 23, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is April 1, 2025. CONTACT K ...

Core Viewpoint - Newmont Corporation is facing a class action securities lawsuit due to alleged securities fraud that 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 assets [2] Group 2: Investor Participation - Investors who suffered losses during the specified timeframe have until April 1, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [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]

Core Viewpoint - Newmont Corporation is facing a class action lawsuit due to disappointing financial results and operational challenges, leading to a significant drop in its stock price [1][2]. Summary by Relevant Sections Class Action Details - The class period for the lawsuit is from February 22, 2024, to October 23, 2024 [1]. - Shareholders who purchased shares during this period are encouraged to register for potential lead plaintiff appointment [2]. Allegations Against Newmont - On October 23, 2024, Newmont announced disappointing EBITDA for Q3 2024, alongside decreases in production and increases in operating costs [1]. - The company indicated that mining operations at its two Tier 1 assets would experience lower production than previously guided, with expectations of higher costs [1]. - Following this announcement, Newmont's stock price fell from $57.74 per share to $49.25 per share within one day [1]. Next Steps for Shareholders - Shareholders must register by April 1, 2025, to participate in the class action [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3].

Core Viewpoint - A securities class action lawsuit has been filed against Newmont Corporation for allegedly making false and misleading statements regarding its business operations and financial prospects during the Class Period from February 22, 2024, to October 23, 2024 [1]. Allegations of Misconduct - The complaint claims that Newmont failed to deliver increased gold production at its Tier 1 operations, specifically at Lihir and Brucejack [2]. - It is alleged that Newmont experienced higher operating costs across its mining operations [2]. - As a result, the statements made by Newmont regarding its business and operational prospects were materially false and misleading [2]. Lead Plaintiff Process - Investors in Newmont have until April 1, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or small group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4]. - The firm aims to protect investors and others from fraud and negligence by businesses [4].

Core Viewpoint - Newmont Corporation (NEM) reported significant improvements in its fourth-quarter 2024 financial performance, with net earnings per share turning positive compared to a loss in the previous year, driven by increased revenues and gold production [1][5]. Financial Performance - Fourth-quarter net earnings from continuing operations were $1.24 per share, a recovery from a loss of $3.24 per share in the same quarter last year [1]. - Adjusted earnings were $1.40 per share, up from 46 cents in the prior-year quarter, exceeding the Zacks Consensus Estimate of 95 cents [1]. - Revenues for the fourth quarter reached $5,652 million, a 42.8% increase from $3,957 million in the prior-year quarter, surpassing the Zacks Consensus Estimate of $4,881 million [2]. Operational Highlights - Attributable gold production in the fourth quarter was 1.90 million ounces, a 9.2% increase year over year, exceeding the estimate of 1.8 million ounces [3]. - Average realized gold prices rose approximately 31.9% year over year to $2,643 per ounce, although slightly below the estimate of $2,652 per ounce [3]. - Costs applicable to sales for gold were $1,096 per ounce, up 0.9% year over year, exceeding the estimate of $1,050 per ounce [3]. Cost Metrics - All-in-sustaining costs (AISC) for gold decreased by around 1.5% year over year to $1,463 per ounce, which was below the estimate of $1,475.2 per ounce [4]. Annual Results - For FY 2024, adjusted earnings were $3.48 per share compared to $1.57 a year ago, with net sales increasing 58% year over year to $18,682 million [5]. Financial Position - The company ended the quarter with cash and cash equivalents of $3,619 million, a 20.6% increase year over year [6]. - Long-term debt stood at $7,552 million, an 8.6% increase year over year [6]. - Net cash from continuing operations (before working capital) was $2,398 million, up from $787 million a year ago [6]. Future Outlook - Attributable gold production for 2025 is forecasted at approximately 5.9 million ounces, with AISC projected at $1,630 per ounce for the total portfolio [7]. - The Total Tier 1 portfolio is expected to spend around $1.8 billion on sustaining capital and $1.3 billion on development capital in 2025 [8]. Stock Performance - Newmont's shares have increased by 55.7% over the past year, compared to the industry's growth of 57.5% [9].

NEW YORK, Feb. 21, 2025 /PRNewswire/ -- 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-lawsuit-su ...