Freeport-McMoRan Inc.'s Stock Analysis

Freeport-McMoRan Reports Q3 2025 Financial Results and Challenges

Freeport-McMoRan Inc. reported a net income of $674 million for the third quarter of 2025, translating to $0.46 per share, with adjusted net income of $722 million or $0.50 per share. The company's consolidated production totaled 912 million pounds of copper, 287 thousand ounces of gold, and 22 million pounds of molybdenum, reflecting a decrease due to a temporary suspension of operations in Indonesia following a mud rush incident in September. Consolidated sales were slightly below guidance, with copper and gold sales down approximately 1% and 4%, respectively, compared to earlier expectations. Average realized prices for copper, gold, and molybdenum were reported at $4.68, $3,539, and $24.07 per pound, respectively, while operating cash flows reached $1.7 billion in the quarter.

The mud rush incident at the Grasberg operation resulted in a temporary halt of mining activities, with ongoing recovery efforts and investigations. The company anticipates minimal contribution from Indonesian operations for the fourth quarter of 2025 and is evaluating the phased restart of mining activities. Capital expenditures for the third quarter were $1.1 billion, with expectations of approximately $4.5 billion for the full year. Freeport continues to pursue technology innovations to enhance copper recovery and is considering expansion projects in the U.S. to increase production capacity, particularly at the Bagdad operation, which has significant reserves and a favorable long-term outlook.

Oct 23, 2025 08:06:14

Freeport-McMoRan Reports Fatal Incident at Grasberg Mine

Freeport-McMoRan Inc. provided an update regarding the tragic mud rush incident at the Grasberg Block Cave mine in Indonesia, which occurred on September 8, 2025. The company confirmed that the remaining five missing team members were found deceased, adding to the two fatalities reported earlier. As a result of the incident, mining operations in the Grasberg minerals district have been temporarily suspended, and an investigation is underway to determine the cause of the incident, which is unprecedented in the company’s history of block cave mining. The investigation team will include external experts and is expected to be completed by the end of 2025.

The company has indicated that it will provide further updates as the investigation progresses and damage assessments are finalized. There have been no new assessments regarding potential production impacts since the initial report on September 24, 2025. Freeport-McMoRan operates significant mining assets globally, including the Grasberg minerals district, which is one of the largest copper and gold deposits in the world. The company is committed to working with Indonesian government authorities to review the incident and future operating plans.

Oct 06, 2025 09:19:01

Freeport-McMoRan Reports Incident Impacting Production in Indonesia

Freeport-McMoRan Inc. provided an update regarding a mud rush incident at the Grasberg Block Cave mine in Indonesia, which occurred on September 8, 2025. This incident resulted in the tragic loss of two team members, with five others still missing. Mining operations in the Grasberg minerals district have been temporarily suspended to prioritize search and recovery efforts. An investigation is underway to determine the cause of the incident, and the company is collaborating with Indonesian authorities. The investigation is expected to conclude by the end of 2025, and an assessment of the damage to infrastructure is also in progress.

As a result of the incident, Freeport-McMoRan anticipates a significant impact on future production, with estimates indicating that production in 2026 could be approximately 35% lower than previously forecasted. The company is currently unable to provide specific future production estimates and expects fourth quarter 2025 sales of copper and gold to be minimal. A phased restart of operations is planned for mid-2026, with a return to pre-incident production rates potentially achievable by 2027. The company will also pursue recovery of damages under its insurance policies, which cover up to $1 billion in losses.

Sep 24, 2025 10:08:19

Freeport-McMoRan Provides Update on Grasberg Mine Incident

Freeport-McMoRan Inc. reported ongoing efforts to locate seven team members missing due to a mud flow incident at the Grasberg Block Cave in Indonesia. The company is actively working to clear access routes to the service level of the mine, where the workers were last known to be. Despite extensive rescue operations and drilling near a refuge chamber, the workers have not yet been located. Mining operations in the area have been temporarily suspended to prioritize the search and ensure safety.

The Indonesian government is collaborating with Freeport's team to monitor the rescue operations and investigate the incident. This situation may impact the company’s near-term production forecasts and operational plans. Freeport-McMoRan operates significant copper and gold assets globally, including the Grasberg minerals district, which is one of the largest deposits in the world.

Sep 12, 2025 12:54:12

Freeport-McMoRan's Henderson Mine Receives Safety Order from MSHA

On September 4, 2025, Climax Molybdenum Company, a subsidiary of Freeport-McMoRan Inc., was issued an imminent danger order by the Mine Safety and Health Administration (MSHA) at the Henderson mine in Colorado. The order was related to an employee's unsafe practice of standing on an elevated deck of a haul truck without fall protection, although no injuries were reported.

The company responded promptly to the incident and cooperated with MSHA, leading to the termination of the order on September 10, 2025. This incident highlights regulatory scrutiny regarding safety practices at the mine, which could be a point of interest for investors monitoring operational risks and compliance issues.

Sep 10, 2025 17:14:41

Freeport-McMoRan Reports on PT Freeport Indonesia Operations

Freeport-McMoRan Inc. announced the release of a report detailing the operations of PT Freeport Indonesia on September 9, 2025. This report provides important insights into the company's performance and activities in Indonesia, which may impact investor interest and stock performance.

The information shared in the press release is not considered 'filed' under the Securities Exchange Act, meaning it does not carry the same legal implications as filed documents. The company has ensured compliance with regulatory requirements by having the report signed by Ellie L. Mikes, Vice President and Chief Accounting Officer.

Sep 09, 2025 13:44:40

Freeport-McMoRan Reports Second Quarter 2025 Financial Results

Freeport-McMoRan Inc. reported net income attributable to common stock of $772 million for the second quarter of 2025, translating to $0.53 per share. The company achieved consolidated production of 963 million pounds of copper, 317 thousand ounces of gold, and 22 million pounds of molybdenum. Sales volumes exceeded earlier guidance, with average realized prices for copper at $4.54 per pound and gold at $3,291 per ounce. Operating cash flows reached $2.2 billion, and the company anticipates total operating cash flows of approximately $7.0 billion for the year, assuming stable commodity prices. Capital expenditures for the quarter amounted to $1.3 billion, with expectations of around $4.9 billion for the full year, primarily directed towards major mining projects and new processing facilities in Indonesia.

The company is advancing its domestic copper production initiatives, with plans to sell approximately 1.3 billion pounds of copper from U.S. operations in 2025. Following the announcement of a 50% tariff on U.S. copper imports, the market price for COMEX copper has increased significantly, benefiting Freeport-McMoRan as a leading U.S. copper supplier. The company is also pursuing innovative leaching technologies and operational enhancements aimed at increasing copper recovery and reducing costs. Future projects, including a significant expansion at the Bagdad operation, are under consideration, contingent upon favorable market conditions and technical evaluations.

Jul 23, 2025 08:09:14

Freeport Reports First-Quarter 2025 Financial Results and Guidance

Freeport-McMoRan Inc. reported net income of $352 million or $0.24 per share for the first quarter of 2025, with copper sales volumes exceeding initial guidance. However, gold sales were impacted by shipment timing, and overall revenues decreased compared to the previous year. The company reaffirmed its annual guidance for copper and gold sales volumes and highlighted ongoing construction of a new smelter in Indonesia, expected to start up by mid-2025, which may enhance future production capabilities.

The company’s operating cash flows reached $1.1 billion, while capital expenditures totaled $1.2 billion during the same period. Freeport's consolidated debt stood at $9.4 billion, with cash and cash equivalents of $4.4 billion. The firm has been active in repurchasing shares, having bought back 2.3 million shares at an average cost of $35.48 per share, contributing to a total of 51 million shares repurchased under its $5.0 billion program. The management emphasized their commitment to reducing costs and improving efficiencies in light of ongoing economic uncertainties.

Apr 24, 2025 08:09:37

Freeport First-Quarter 2025 Production and Sales Update

Freeport reported that its first-quarter 2025 copper and gold production met expectations, although gold sales were impacted by shipment timing in Indonesia, resulting in approximately 100 thousand ounces less than initially guided. The company does not expect a material change to its annual consolidated sales guidance despite this adjustment, and it anticipates copper sales to align with previous guidance of 850 million pounds for the quarter.

On the negative side, consolidated unit net cash costs for the first quarter are estimated to be about 5% higher than earlier guidance, primarily due to the timing of gold shipments affecting by-product credits. Additionally, while the average realized price for copper is expected to be higher than the London Metal Exchange average, the overall impact of shipment delays and increased costs may affect financial performance.

Mar 31, 2025 17:04:05

Freeport Reports $274 Million Net Income for Q4 2024

Freeport reported a net income of $274 million for the fourth quarter of 2024, translating to $0.19 per share. The company achieved copper and gold sales volumes that exceeded guidance, with consolidated production totaling 1.04 billion pounds of copper and 432 thousand ounces of gold. Operating cash flows were notable at $1.4 billion for the quarter, contributing to a solid financial position with $3.9 billion in cash and cash equivalents. The company also commenced operations at the Indonesia Precious Metals Refinery, signaling potential for future growth.

However, Freeport faced challenges as fourth-quarter copper sales were lower than the previous year's levels due to reduced ore grades and shipment timing. The average unit net cash costs for copper rose to $1.66 per pound, up from $1.52 per pound in the same quarter of 2023. Additionally, the company reported net charges of $176 million in the fourth quarter, which impacted adjusted net income. Capital expenditures remained high at $1.2 billion for the quarter, reflecting ongoing investments in major projects.

Jan 23, 2025 08:08:48