According to the Complaint, Newmont Corporation is the world’s leading gold mining company and producer of copper, silver, zinc and lead. The Company has operations and/or assets in the North America, Africa, Australia, Latin America and Caribbean, and Papua New Guinea. This lawsuit was filed against Newmont and three of its Officers.

During the Class Period, Defendants provided investors with material information concerning Newmont’s full year 2023 fiscal results and financial outlook for 2024 outlook which was based in material part on Defendants’ goal to deliver higher grades of gold production as well as copper, silver, lead, zinc and molybdenum from a global, diversified Tier 1 portfolio, improve mining operations and cost profile to provide a steady production volume and lower all-in sustaining costs at its Tier 1 operations.

The Complaint alleges Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning Newmont’s ability to deliver increased gold production at its Tier 1 operations, specifically, Lihir and Brucejack, in addition to lowering overall costs throughout its mining operations.