Tag: $Freeport-McMoRan

Freeport-McMoRan reported third-quarter profit ahead of Wall Street forecasts on Thursday as higher copper prices and lower costs helped offset the impact of a deadly mud rush that halted operations at its flagship Indonesian mine.

Freeport-McMoRan said on Wednesday it was expecting consolidated sales to be lower by about 4% for copper and nearly 6% for gold in the third quarter, compared with its prior forecast, sending the miner’s shares down 9% in premarket trading.

Miner Freeport-McMoRan beat fourth-quarter profit estimates on Thursday, as higher copper prices helped offset the impact of lower production.

Miner Freeport-McMoRan reported a third-quarter profit on Tuesday that beat analysts’ estimates, helped by higher copper prices.