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Class Action Filed Against Newmont Corporation (NEM) - April 1, 2025 Deadline to Join - Contact The Gross Law Firm

1. Class action lawsuit notice issued for Newmont shareholders. It concerns lead plaintiff registration. 2. Complaint cites disappointing Q3 EBITDA and lowered production forecasts. Increased operating costs are alleged. 3. Stock dropped from $57.74 to $49.25 after the adverse press release. The fall followed misleading production guidance. 4. Shareholders owning NEM shares from Feb 22, 2024 to Oct 23, 2024 urged to register. Deadline is April 1, 2025.

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FAQ

Why Bearish?

The notice reinforces negative sentiment and litigation risk, already evident from the stock drop. Historically, similar class action news in the mining sector, such as with major industry peers, has pressured stock prices further.

How important is it?

The litigation and disclosed operational underperformance risk further price decline. The event is significant for investor sentiment and may trigger additional regulatory or legal scrutiny.

Why Short Term?

The immediate drop in share price and investor concerns suggest short-term impact. Legal proceedings typically create near-term volatility until resolved.

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NEW YORK, Feb. 24, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Newmont Corporation (NYSE: NEM). Shareholders who purchased shares of NEM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/newmont-corporation-loss-submission-form/?id=131207&from=4 CLASS PERIOD: February 22, 2024 to October 23, 2024 ALLEGATIONS: According to the complaint, on October 23, 2024, Newmont published a press release announcing disappointing EBITDA third quarter 2024 highlights, in addition to decreases in production and increases in operating costs. In pertinent part, Newmont revealed that mining operations at its two Tier 1 assets would see lower production than originally guided with expectations of higher costs at these facilities.  Following this news, Newmont's stock price fell from a closing market price of $57.74 per share on October 23, 2024 to $49.25 per share on October 24, 2024. DEADLINE: April 1, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/newmont-corporation-loss-submission-form/?id=131207&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of NEM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 1, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm

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