Freeport-McMoRan reported Q3 2024 net income of $526 million, up from $454 million in Q3 2023. Revenues increased to $6.79 billion from $5.82 billion, driven by higher copper and gold prices. Copper sales volumes decreased to 1.04 billion pounds from 1.11 billion pounds, while gold sales rose to 558,000 ounces from 399,000 ounces.The company's performance was boosted by higher realized prices, with copper averaging $4.30 per pound and gold at $2,568 per ounce. However, production costs also increased. Freeport-McMoRan continues to advance its growth projects, including the Kucing Liar deposit development and downstream processing facilities in Indonesia.A fire at PT-FI's new smelter in Indonesia has temporarily suspended start-up operations, with remediation expected by mid-2025. The company maintains a strong financial position with $5 billion in cash and expects consolidated operating cash flows of $6.8 billion for 2024. Freeport-McMoRan remains focused on responsible production and advancing its climate strategy while navigating market challenges.

Freeport-McMoRan reported Q3 2024 net income of $526 million, up from $454 million in Q3 2023. Revenues increased to $6.79 billion from $5.82 billion, driven by higher copper and gold prices. Copper sales volumes decreased to 1.04 billion pounds from 1.11 billion pounds, while gold sales rose to 558,000 ounces from 399,000 ounces.The company's performance was boosted by higher realized prices, with copper averaging $4.30 per pound and gold at $2,568 per ounce. However, production costs also increased. Freeport-McMoRan continues to advance its growth projects, including the Kucing Liar deposit development and downstream processing facilities in Indonesia.A fire at PT-FI's new smelter in Indonesia has temporarily suspended start-up operations, with remediation expected by mid-2025. The company maintains a strong financial position with $5 billion in cash and expects consolidated operating cash flows of $6.8 billion for 2024. Freeport-McMoRan remains focused on responsible production and advancing its climate strategy while navigating market challenges.