8-KItem 2.02 · Results of OperationsItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
Freeport expects lower gold sales and higher costs in Q3 as Grasberg recovery advances
Filed with the SEC on · Summarized by InvestorsBot
Freeport-McMoRan said third-quarter 2026 copper production was approximately 830 million pounds and copper sales are expected to be about 750 million pounds, in line with its July estimates. Gold sales are expected at approximately 100,000 ounces, below the July estimate because about 60,000 ounces of refined gold sales shifted into the fourth quarter; unit net cash costs are expected to be about 5% above the prior $2.00-per-pound estimate, while Grasberg operations and the PTFI smelter restart remain on schedule.