Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Newmont Corporation (“Newmont”) (NYSE: NEM) common stock between July 24, 2024 and October 23, 2024, inclusive (the “Class Period”).
Newmont is the world’s largest gold mining company by market cap, and in 2023 it acquired Newcrest Mining Limited (“Newcrest”), another large gold mining company. Newcrest owned a portfolio of mines, including Lihir in Papua New Guinea, and Brucejack in Northwest Canada.
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Newmont was not able to deliver increased gold production at its Tier 1 operations, specifically, Lihir and Brucejack; (2) Newmont had higher operating costs throughout its mining operations; and (3) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On September 12, 2025, Defendants filed a Motion to Dismiss the Amended Complaint. The Motion has been briefed by the parties and is pending decision before the Court. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.