Freeport-Mcmoran Inc Stock Price, News & Analysis

Freeport-McMoRan Inc. (NYSE: FCX) announced that it has achieved the Copper Mark for all 12 of its eligible copper-producing sites globally. Additionally, its primary molybdenum mines, Climax and Henderson, have received the Molybdenum Mark, making FCX the first primary molybdenum miner to achieve this certification. The Copper Mark ensures compliance with 32 environmental, social, and governance requirements through an independent assurance process. CEO Richard C. Adkerson emphasized FCX's commitment to responsible production and the vital role of copper in the global economy and decarbonization efforts.

Freeport-McMoRan (NYSE: FCX) reported disruptions at PT Freeport Indonesia's Grasberg operations due to heavy rainfall and landslides in Papua, Indonesia, on February 11, 2023. Damage assessments are underway, with preliminary estimates indicating operations may resume by the end of February 2023. Daily production averages nearly 5 million pounds of copper and 5,000 ounces of gold. However, FCX anticipates that first-quarter 2023 sales will be lower than guidance provided on January 25, 2023, of 900 million pounds of copper and 300,000 ounces of gold, although there is no long-term impact on PT-FI's plans.

Freeport-McMoRan announced the immediate appointment of Kathleen L. Quirk, currently President, to its Board of Directors. The Board now consists of twelve members, with ten being independent directors. Richard C. Adkerson, CEO, praised Quirk's leadership, noting her significant contributions to establishing FCX as a copper industry leader. Quirk has over thirty years of experience at FCX, previously serving as Chief Financial Officer from December 2003 to March 2022, and has been instrumental in the company's strategic planning. FCX is a major international mining company with significant copper, gold, and molybdenum reserves.

Freeport-McMoRan (NYSE: FCX) has released its fourth-quarter and year-end 2022 financial results, now available on their Investor Relations webpage. A conference call for analysts discussing these results is scheduled for 10:00 a.m. ET today. FCX is a leading global mining company, known for its substantial reserves of copper, gold, and molybdenum, including operations in Indonesia's Grasberg district and significant sites in North and South America, such as Morenci in Arizona and Cerro Verde in Peru. The company emphasizes its commitment to responsibly produced copper, highlighting its positive global contribution.

Freeport-McMoRan Inc. (NYSE: FCX) has declared a cash dividend of $0.15 per share on its common stock, payable on February 1, 2023, to shareholders of record by January 13, 2023. This dividend consists of a base payment of $0.075 and a variable payment of $0.075 based on performance. The Board will consider financial results, cash needs, and global economic conditions in future dividend decisions. FCX is a prominent mining company with extensive copper, gold, and molybdenum reserves across various locations.

Freeport-McMoRan Inc. (NYSE: FCX) has released its third-quarter 2022 financial results, available on its Investor Relations webpage. The company is a leading global mining entity, notably involved in copper production. FCX operates significant assets, including the Grasberg minerals district in Indonesia and major operations in North and South America. A conference call is scheduled today at 10:00 a.m. Eastern Time to discuss these results, with a replay available until November 18, 2022. For more details, visit fcx.com.

Freeport-McMoRan Inc. (NYSE: FCX) has released its updated Climate Report, highlighting its commitment to reduce greenhouse gas (GHG) emissions and enhance energy efficiency. The company aims for a net-zero economy by 2050 and has set GHG reduction targets for 2030 covering nearly all Scope 1 and 2 emissions. FCX is also investigating alternatives to coal for its energy supply and is collaborating with equipment manufacturers to achieve its climate goals. The report aligns with the Task Force on Climate-related Financial Disclosures and includes verified GHG emissions data.

Freeport-McMoRan Inc. (NYSE: FCX) declared cash dividends of $0.15 per share on common stock, payable on November 1, 2022, to shareholders of record as of October 14, 2022. This dividend aligns with FCX’s performance-based payout framework, which consists of a base and variable dividend of $0.075 each. As a leading international mining company, FCX operates significant copper, gold, and molybdenum assets worldwide, notably in the Grasberg minerals district in Indonesia and large-scale operations in North and South America.

Freeport-McMoRan Inc. (NYSE: FCX) announced the posting of its second-quarter 2022 financial and operational results on its Investor Relations page. The company will hold a conference call today at 10:00 a.m. Eastern Time to discuss these results, which can be accessed via webcast. FCX is a major international mining company, primarily focused on copper production, with significant assets in Indonesia, North America, and South America. The company's operations include the Grasberg district in Indonesia and the Morenci district in Arizona.