Freeport reports in-line third-quarter production as Grasberg recovery advances

Freeport said third-quarter 2026 copper production was approximately 830 million pounds and gold production approximately 230,000 ounces, while sales are expected to be about 750 million pounds of copper and 100,000 ounces of gold. About 60,000 ounces of refined gold sales shifted into the fourth quarter, pushing expected unit net cash costs roughly 5% above the July estimate of $2.00 per pound; Grasberg throughput averaged 140,000 metric tons per day, and the company expects to reach 80% capacity by mid-2027 and near-full capacity by year-end 2027.