---
schema_version: "secwatch.filing_event.v1"
accession: "0000831259-25-000042"
form_type: "8-K"
ticker: "FCX"
cik: "0000831259"
company_name: "FREEPORT-MCMORAN INC"
filed_at: "2025-09-24T23:59:59+00:00"
generated_at: "2026-05-17T05:51:03.236418+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Freeport reports fatal incident; Q4 copper sales insignificant, 2026 output ~35% below plan

## Summary
- Two PTFI team members found dead from Sept 8 mud rush at Grasberg Block Cave; five still missing.
- Q3 2025 consolidated sales estimated 4% lower for copper and 6% lower for gold vs July 2025 guidance.
- Q4 2025 copper and gold sales expected to be insignificant; previously estimated 445M lbs copper, 345K oz gold.
- 2026 production could be ~35% lower than pre-incident estimates (1.7B lbs copper, 1.6M oz gold); return to normal rates possibly by 2027.
- PTFI seeking insurance recovery up to $1.0B (underground limit $0.7B) with $0.5B deductible; force majeure declared.

## SEC filing metadata
- accession: 0000831259-25-000042
- form_type: 8-K
- ticker: FCX
- cik: 0000831259
- company_name: FREEPORT-MCMORAN INC
- filed_at: 2025-09-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831259/000083125925000042/0000831259-25-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831259/000083125925000042/fcx-20250924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000831259-25-000042
- JSON: https://secwatch.observer/filing/0000831259-25-000042.json
- Plain text: https://secwatch.observer/filing/0000831259-25-000042.txt

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