Gold price steadies near record high as US inflation data looms

The Peruvian executive wants to implement 25 measures to reactivate the country’s economy, focusing on the mining, energy and oil and gas sectors.

The big US stocks dominating markets and investors’ portfolios are booming.

The company is looking to either sell a minority stake or form a joint venture to help finance its Copper World project in the second half of 2024.

Net earnings totalled C$109.7 million, versus C$65.9 million in the same quarter last year.

The company posted revenue of $38.4 million in the period.

Company will offer up to 5% of capital in new shares in an initial public offering on the Moscow Exchange.

Over the LOM, the Marathon project is anticipated to produce 2.1 million ounces of palladium, 517 million lbs of copper, 485,000 ounces of platinum, 158,000 ounces of gold and 3,156,000 ounces of silver.

Britain sanctioned two of Russia's largest gold producers, Nord Gold Plc and Highland Gold Mining Ltd.

If the company goes ahead with the plan, it will aim to file a preliminary economic assessment by mid-year.