Freeport-McMoRan posts lower first-quarter profit

ReutersApr 24, 2025 12:04 PM

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April 24 (Reuters) - Copper miner Freeport-McMoRan FCX.N posted a fall in first-quarter profit on Thursday, hurt by a decline in production and higher costs.

The Phoenix, Arizona-based company's net income attributable to common shareholders fell to $352 million, or 24 cents per share, for the three months ended March 31, from $473 million, or 32 cents per share, a year earlier.

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