Freeport: Grasberg Block Cave restart begins Q2 2026; 2026 production ~1B lbs Cu, 0.9M oz Au

FREEPORT-MCMORAN INC

Phased restart of Grasberg Block Cave underground mine begins in Q2 2026; remediation underway.
2026 PTFI production forecast similar to 2025: ~1.0B lbs copper and 0.9M oz gold.
2027-2029 average annual production expected to reach 1.6B lbs copper and 1.3M oz gold.
September 2025 mud rush incident caused 7 fatalities; operations suspended and force majeure declared.
Unaffected Big Gossan and Deep Mill Level Zone mines restarted in late October 2025.

item 7.01 item 8.01 item 9.01

Machine-readable event card

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company_name: FREEPORT-MCMORAN INC
filed_at: 2025-11-18T23:59:59+00:00
discovered_at: 2026-05-14T18:02:42.294714+00:00
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