---
schema_version: "secwatch.filing_event.v1"
accession: "0000831259-25-000011"
form_type: "8-K"
ticker: "FCX"
cik: "0000831259"
company_name: "FREEPORT-MCMORAN INC"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:42:06.453585+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Freeport Q1 gold sales 100k oz below Jan guidance; PTFI resumes exports; costs up 5%

## Summary
- Q1 copper sales in-line with 850M lbs guidance; gold sales ~100k oz below 225k oz guidance.
- Unit net cash costs ~5% above Jan $2.05/lb guidance due to lower gold by-product credits.
- PTFI resumed concentrate exports on Mar 17 after regulatory approvals; PMR ramp continues.
- Realized copper price ~$4.40/lb vs LME $4.24/lb; supported by US COMEX-linked sales (~1/3 of volume).
- No material change expected to FY2025 annual sales guidance; Q1 earnings release set for Apr 24.

## SEC filing metadata
- accession: 0000831259-25-000011
- form_type: 8-K
- ticker: FCX
- cik: 0000831259
- company_name: FREEPORT-MCMORAN INC
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831259/000083125925000011/0000831259-25-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831259/000083125925000011/fcx-20250331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000831259-25-000011
- JSON: https://secwatch.observer/filing/0000831259-25-000011.json
- Plain text: https://secwatch.observer/filing/0000831259-25-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.