Welcome to our dedicated page for Freeport-McMoran news (Ticker: FCX), a resource for investors and traders seeking the latest updates and insights on Freeport-McMoran stock.
Freeport-McMoRan Inc. (symbol: FCX) stands as a prominent player in the global mining sector. Headquartered in the United States, the company operates a diverse portfolio of mineral assets, significant oil and gas resources, and boasts a robust production profile.
Freeport-McMoRan's operations are divided into four primary divisions: North America copper mines, South America mining, Indonesia mining, and Molybdenum mines. The company’s flagship mines include the Morenci in North America, Cerro Verde in South America, and Grasberg in Indonesia. Beyond these, Freeport-McMoRan also oversees the Rod & Refining operations and the Atlantic Copper Smelting and Refining facility.
In addition to its mining operations, Freeport-McMoRan is involved in the oil and gas sector through its wholly-owned subsidiary, Freeport-McMoRan Oil & Gas (FM O&G). FM O&G holds substantial assets across North America, including reserves in the deepwater Gulf of Mexico, onshore and offshore California, and the Haynesville Shale plays. The company also has a strong presence in the emerging shallow water ultra-deep gas trend on the shelf of the Gulf of Mexico and onshore in South Louisiana.
The company’s key revenue driver is the sale of copper, but it also benefits from its diversified portfolio which includes gold, molybdenum, and oil and gas resources. Freeport-McMoRan is known for its mature properties with long-lived reserves, as well as properties with significant development and exploration potential.
Committed to sustainable mining, Freeport-McMoRan invests in environmental programs and community development projects to ensure that its operations have a positive impact on the regions where it operates. For the latest updates and more detailed information about Freeport-McMoRan, visit their official website at www.fcx.com.
Freeport-McMoRan Inc. (NYSE: FCX) released its first-quarter 2023 financial results, available on its Investor Relations website. The company, a major copper producer, operates significant mining assets globally, including the Grasberg district in Indonesia and major sites in North and South America. A conference call discussing these results is scheduled for today at 10:00 a.m. Eastern Time, with a replay available until May 19, 2023. FCX emphasizes its commitment to responsibly produced copper, contributing positively to global needs.
Freeport-McMoRan Inc. (NYSE: FCX) announced a cash dividend of $0.15 per share on its common stock, payable on
Freeport-McMoRan Inc. (NYSE: FCX) announced that it has achieved the Copper Mark for all 12 of its eligible copper-producing sites globally. Additionally, its primary molybdenum mines, Climax and Henderson, have received the Molybdenum Mark, making FCX the first primary molybdenum miner to achieve this certification. The Copper Mark ensures compliance with 32 environmental, social, and governance requirements through an independent assurance process. CEO Richard C. Adkerson emphasized FCX's commitment to responsible production and the vital role of copper in the global economy and decarbonization efforts.
Freeport-McMoRan (NYSE: FCX) reported disruptions at PT Freeport Indonesia's Grasberg operations due to heavy rainfall and landslides in Papua, Indonesia, on February 11, 2023. Damage assessments are underway, with preliminary estimates indicating operations may resume by the end of February 2023. Daily production averages nearly 5 million pounds of copper and 5,000 ounces of gold. However, FCX anticipates that first-quarter 2023 sales will be lower than guidance provided on January 25, 2023, of 900 million pounds of copper and 300,000 ounces of gold, although there is no long-term impact on PT-FI's plans.
Freeport-McMoRan announced the immediate appointment of Kathleen L. Quirk, currently President, to its Board of Directors. The Board now consists of twelve members, with ten being independent directors. Richard C. Adkerson, CEO, praised Quirk's leadership, noting her significant contributions to establishing FCX as a copper industry leader. Quirk has over thirty years of experience at FCX, previously serving as Chief Financial Officer from December 2003 to March 2022, and has been instrumental in the company's strategic planning. FCX is a major international mining company with significant copper, gold, and molybdenum reserves.
Freeport-McMoRan (NYSE: FCX) has released its fourth-quarter and year-end 2022 financial results, now available on their Investor Relations webpage. A conference call for analysts discussing these results is scheduled for 10:00 a.m. ET today. FCX is a leading global mining company, known for its substantial reserves of copper, gold, and molybdenum, including operations in Indonesia's Grasberg district and significant sites in North and South America, such as Morenci in Arizona and Cerro Verde in Peru. The company emphasizes its commitment to responsibly produced copper, highlighting its positive global contribution.
FAQ
What is the current stock price of Freeport-McMoran (FCX)?
What is the market cap of Freeport-McMoran (FCX)?
What does Freeport-McMoRan Inc. do?
What are the main mining divisions of Freeport-McMoRan?
Where are Freeport-McMoRan's key mines located?
What is Freeport-McMoRan Oil & Gas (FM O&G)?
Where can I find the latest news about Freeport-McMoRan?
What are Freeport-McMoRan’s primary sources of revenue?
How does Freeport-McMoRan contribute to sustainability?
What are some of the development opportunities for Freeport-McMoRan?
Where is Freeport-McMoRan headquartered?
What are the main products of Freeport-McMoRan?
