Investors were left holding fool’s gold after Perpetua Resources increased capital expenses 75%, despite reassurances everything was okay Perpetua’s stock price caved in after its investors rapidly sold off their shares, sending the Company’s shares plunging by 22%. Now, furious investors are suing the company to recover their losses.
Perpetua is revamping an Idaho gold mine – one of the largest in the U.S. Throughout 2024, it told investors glittery stories about how expenses were under control or might be increasing just a bit due to inflation. But Perpetua’s executives knew that story was just a bunch of rocks.
Investors learned the hard truth in February 2025 after Perpetua filed revised financials and revealed its expenses were up a jaw-dropping $952 million– a 75% increase.
Once investors saw those numbers, they dumped their shares and Perpetua’s stock price tanked. Now, some of those investors are joining the class action.