Freeport-McMoRan Q3 copper production ~830M lbs, gold sales deferred 60K oz, costs 5% above estimate

FREEPORT-MCMORAN INC

Q3 copper production ~830 million pounds, in line; copper sales expected ~750 million pounds, matching July estimate.
Gold production ~230K oz; gold sales ~100K oz, below July estimate due to deferral of ~60K oz to Q4 at PTFI.
Unit net cash costs expected ~5% above July estimate of $2.00/lb copper; average realized price expected to exceed $6.50/lb.
Grasberg mill throughput ~140,000 mt/day (~67% of normalized rates), incl ~70,000 mt/day from Grasberg Block Cave; smelter restarted late Aug 2026.
FCX plans Q3 earnings release Oct 27, 2026; advancing Bagdad expansion decision by year-end 2026, El Abra regulatory process.

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