Freeport Q1 net income $352M ($0.24/sh); gold sales miss at 128K oz vs guidance 225K oz

FREEPORT-MCMORAN INC

2025-Q1 EPS reported $0.24 revenue$5,728,000,000

Revenue $5.7B, down 9% YoY from $6.3B; net income $352M vs $473M a year ago.
Consolidated copper sales 872M lbs, exceeding Jan 2025 guidance of 850M lbs.
Gold sales 128K oz, well below Jan guidance of 225K oz; annual gold outlook unchanged at 1.6M oz.
Unit net cash costs $2.07/lb copper, up from $1.51 YoY; full-year cost guidance maintained at $1.50/lb.
Share repurchases: 2.3M shares for $80M in Q1; $5.0B program remains active.

item 2.02 item 7.01 item 9.01

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accession 0000831259-25-000014

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