Freeport-McMoRan falls on lower Q4 copper, gold production

Shares of miner Freeport-McMoRan FCX.N down 1.1% at $59.99 premarket

Q4 copper production was down 38.5% from a year earlier to 640 million recoverable pounds, hurt by the mud flow disaster at its Grasberg mine

Gold production also took a hit; down about 85% from a year earlier to 65,000 recoverable ounces in Q4

Co posts Q4 adjusted profit of 47 cents per share, vs. analysts' average estimate of 29 cents per share, according to data compiled by LSEG

Average realized price for copper was $5.33 per pound in Q4, compared with $4.15 per pound a year earlier

FCX rose over 30% in 2025