INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Newmont Corporation (NYSE: NEM); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel

Core Viewpoint - A class action lawsuit has been filed against Newmont Corporation and certain senior executives for alleged violations of federal securities laws during the class period from February 22, 2024, to October 23, 2024 [1][2]. Company Overview - Newmont Corporation is a gold mining company that also produces copper, silver, zinc, and lead, with operations and assets in North America, Africa, Australia, Latin America, the Caribbean, and Papua New Guinea [4]. Allegations of the Lawsuit - The lawsuit claims that Newmont misrepresented its production capabilities and cost management, emphasizing its Tier 1 portfolio and expressing confidence in increasing production while reducing costs. However, the company allegedly downplayed operational and maintenance risks, as well as rising labor and energy costs [5]. - On October 23, 2024, Newmont disclosed disappointing EBITDA for Q3 2024, along with lower production and higher operating costs than previously expected, particularly at its two Tier 1 assets. This revelation led to a significant drop in the company's stock price, falling by $8.49, or nearly 15% [6].