Freeport-McMoRan gains on Q3 profit beat
ReutersOct 23, 2025 2:09 PM
Freeport-McMoRan's shares FCX.N up 2.8% at $42.08
Copper miner beats Q3 profit estimates as higher prices helped offset lower production after force majeure at Grasberg mine in Indonesia
Posts Q3 adj profit of 50 cents/share vs analysts' estimate of 41 cents/share - LSEG data
Copper production in Q3 down 13.2% at 912 million recoverable pounds, from a year ago
Gold production in Q3 was down 37.1% to 287,000 recoverable ounces, from a year ago
FCX forecasts Q4 copper sales at 635 million pounds and gold sales at 60,000 ounces
As of last close, FCX up 9.4% YTD
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