Freeport-McMoRan reported strong second-quarter earnings driven by high copper and gold prices, despite gold's steepest quarterly decline in over 13 years. The company achieved $1.1 billion in adjusted earnings, supported by a 37% rise in realized gold prices and a 36% increase in copper prices. Production at the Grasberg mine in Indonesia is recovering on schedule after a 2025 incident, with expectations to reach full capacity by the end of 2027. Freeport forecasts selling 650,000 ounces of gold this year and anticipates $8.3 billion in operating cash flow, highlighting the sector's resilience amid volatile metal prices.
Freeport-McMoRan reported stronger-than-expected Q2 2026 earnings and revenue, with adjusted EPS of $0.74 and revenue of $7.03 billion, beating analyst estimates. Despite this, shares fell about 2% due to a slightly reduced near-term copper sales out...
Freeport-McMoRan is forecasted to report a Q2 2026 earnings per share (EPS) of $0.60, marking an 11.1% increase year-over-year, driven by strong commodity prices and demand for copper and gold. However, revenue is expected to decline by about 14.6% t...
