8/104 sources · 3 publishersUpdated Oct 8, 15:58 UTC
Freeport-McMoRan reports third-quarter copper and gold output in line with plans
Freeport-McMoRan reported Q3 2026 production of 830M lbs of copper and 230K oz of gold, both matching its expectations. The company expects to sell 750M lbs of copper and 100K oz of gold in the quarter, consistent with its July outlook. It said 60,000 ounces of gold sales were moved into Q4.
Why it matters
The production update maintains Freeport-McMoRan's operating outlook, while shifting a portion of gold sales into Q4. GuruFocus says its valuation model considers the shares overvalued, despite the company meeting production expectations.
Key facts
- 1Freeport-McMoRan produced 830M lbs of copper during Q3 2026. rttnews.com
- 2Gold production totaled 230K oz in Q3 2026. rttnews.com
- 3The company expects Q3 sales of 750M lbs of copper and 100K oz of gold. rttnews.com
- 4Freeport-McMoRan said 60,000 ounces of gold sales were deferred to Q4. gurufocus.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.