Class Action Lawsuit Filed Against Newmont Corporation: Investors Encouraged to Contact Pomerantz LLP
New York, NY – Pomerantz LLP, a leading national securities law firm, announces that a class action lawsuit has been filed against Newmont Corporation (“Newmont” or the “Company”) (NYSE: NEM). The lawsuit seeks to recover damages on behalf of investors who purchased or otherwise acquired Newmont securities between October 29, 2023, and February 15, 2025. The complaint alleges that Newmont and certain of its executives and directors made materially false and misleading statements and failed to disclose material information concerning the Company’s business, operations, and prospects.
Background
Newmont is a leading global gold producer with operations primarily in North and South America, Australia, and Africa. The Company’s business involves the exploration, mining, production, and sale of gold and copper. Newmont is headquartered in Denver, Colorado.
Allegations
The complaint alleges that Newmont and certain of its executives and directors made false and misleading statements and failed to disclose material information regarding the Company’s business, operations, and prospects. Specifically, the complaint alleges that the defendants failed to disclose that: (i) Newmont was experiencing declining gold production and increasing costs at its key mining operations; (ii) Newmont was experiencing higher than anticipated capital and operating costs at its Merian mine in Suriname; and (iii) Newmont was experiencing lower than anticipated gold grades at its Boddington mine in Australia.
Impact on Investors
As a result of these alleged false and misleading statements, Newmont securities traded at artificially inflated prices between October 29, 2023, and February 15, 2025. When the truth was revealed, the price of Newmont securities declined significantly.
Class Action Details
The class action lawsuit was filed in the United States District Court for the Southern District of New York and is captioned Peyton v. Newmont Corporation, et al., Case No. 1:25-cv-01234. Investors are encouraged to contact Danielle Peyton at [email protected] or 646-581-9980, toll-free, Ext. 7925, for information about this class action and their rights.
Impact on the World
The impact of this class action lawsuit on the world may depend on the outcome of the litigation and any potential settlement. If the lawsuit results in a large settlement or jury verdict, it could set a precedent for similar cases against other mining companies. It could also lead to increased scrutiny of the mining industry and its reporting practices. Additionally, if Newmont is found to have engaged in fraudulent or deceptive practices, it could damage the reputation of the Company and the mining industry as a whole.
Conclusion
The filing of a class action lawsuit against Newmont Corporation alleging false and misleading statements and failure to disclose material information is a significant development for investors in the Company’s securities. The impact of this lawsuit on investors and the world will depend on the outcome of the litigation. If you are a Newmont investor and believe you may have lost money as a result of the Company’s alleged misrepresentations, you are encouraged to contact Pomerantz LLP for more information.
- Newmont Corporation (“Newmont”) is a leading global gold producer
- Class action lawsuit alleges false and misleading statements and failure to disclose material information
- Allegations include declining gold production, increasing costs, and lower than anticipated gold grades
- Impact on investors: artificially inflated prices, significant decline when truth revealed
- Impact on the world: potential precedent, increased scrutiny, potential damage to reputation
- Contact Pomerantz LLP for more information if you are a Newmont investor
