Investors file class action lawsuit against Newmont Corporation for securities fraud

In the United States, Kessler Topaz Meltzer & Check, LLP announced on March 25, 2025, that a securities class action lawsuit has been initiated against Newmont Corporation, targeting those who purchased securities from February 22, 2024, to October 23, 2024, known as the Class Period. The allegations against Newmont include making materially false statements and failing to disclose significant adverse information concerning its operations and business prospects. The lead plaintiff deadline for investors wishing to join the suit is set for April 1, 2025. During the Class Period, it is asserted that Newmont misrepresented its ability to increase gold production at key operations, specifically Lihir and Brucejack, and instead faced higher operating costs throughout its mining processes. These misrepresentations allegedly resulted in misleading statements about the financial health of the company and its operational capabilities. Rosen Law Firm, which also is encouraging investors to secure counsel before the lead plaintiff deadline, highlighted the potential for affected shareholders to seek compensation through a contingency fee arrangement. The law firm has emphasized that even if plaintiffs choose not to participate in leading the lawsuit, their ability to recover remains intact. The class action aims to provide a remedy for investors who suffered losses due to what they claim were deceptive practices by Newmont. The complaint details that the firm, despite public statements suggesting otherwise, was not positioned to deliver on anticipated production increases, further undermining the trust investors had in the corporation. As the lead plaintiff process approaches its deadline, more investors who experienced losses are encouraged to come forward and seek justice.