Freeport-McMoRan Rides Copper, Gold Rally, Targets Grasberg Comeback

Freeport-McMoRan Inc. (NYSE:FCX) on Thursday reported fourth-quarter fiscal 2025 results, with revenue standing at $5.63 billion, beating the consensus of $5.36 billion.

Adjusted EPS of 47 cents beat the consensus of 29 cents.

Net income attributable to common stock totaled $406 million, or 28 cents per share, in the quarter.

Production And Sales Volumes

Copper production totaled 640 million pounds, with sales volume of 709 million.

Gold production was 65,000 ounces, with sales volume of 80,000 ounces.

Molybdenum production totaled 25 million pounds, while sales totaled 22 million pounds.

Copper and gold production declined year over year (Y/Y) due to the temporary suspension of operations since the September 2025 mud rush incident at PTFI.

Notably, on September 8, the Grasberg copper and gold mine in Papua experienced a massive mud rash that trapped ...