Freeport-McMoRan ( (FCX) ) has provided an update.
In the fourth quarter of 2024, Freeport-McMoRan reported a net income attributable to common stock of $274 million, alongside an adjusted net income of $450 million. The company achieved solid operating performance with sales volumes of copper and gold exceeding guidance, and unit net cash costs falling below expectations. Key developments include the start-up of the Indonesia Precious Metals Refinery and plans for a smelter start-up by mid-2025, indicating a strong financial position and favorable market outlook. The company also repaid $0.7 billion in maturing senior notes and ended the year with consolidated debt of $8.9 billion.
More about Freeport-McMoRan
Freeport-McMoRan operates within the mining industry, focusing primarily on the extraction and sale of copper, gold, and molybdenum. The company is recognized for its large-scale mining operations and is strategically positioned as a global leader in copper production, with ongoing projects aimed at enhancing long-term growth and value creation.
YTD Price Performance: 6.22%
Average Trading Volume: 11,327,904
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $57.91B
See more data about FCX stock on TipRanks’ Stock Analysis page.