$FCX (Freeport-McMoRan Inc.)

$FCX {{ '2016-05-09T16:01:14+0000' | timeago}} • Announcement

$FCX said it has agreed to negotiate exclusively with China Molybdenum to enter into definitive agreements to sell its interests in Freeport Cobalt, including the Kokkola Cobalt Refinery in Finland, for $100MM and the Kisanfu Exploration project in the Democratic Republic of Congo (DRC) for $50MM.

$FCX {{ '2017-10-25T19:35:49+0000' | timeago}} • Webcast

$FCX said it has been considering resumption of dividend payment to shareholders in the near future. According to the company leadership, exorbitant tax rates have added to the burden of operational crisis in Indonesia, due to unfavorable government regulation. Going forward, the company will continue to use cash flow to reduce its debt.

$FCX {{ '2017-10-25T18:33:34+0000' | timeago}} • Webcast

It the whole of 2017, $FCX expects total Capex to be $1.5Bil, of which about 50% will be used for development activities in Indonesia. Freeport sees its debt easing to very low levels by 2018-end, if copper prices remain favorable. Investments in the troubled Indonesian mining field will continue in the near future, but at a modest level.

$FCX {{ '2017-10-25T18:00:03+0000' | timeago}} • Webcast

After reporting positive 3Q17 earnings, $FCX said it is in talks with the Indonesian government to resolve issues pertaining to a mining contract. The company attributed the better-than-expected result to strong demand for copper and high prices.  In 2017, American operations are expected to account for about 2.7MM pounds of the total copper sales.

$FCX {{ '2017-10-25T15:02:12+0000' | timeago}} • Infographic

$FCX Freeport-McMoRan, Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$FCX {{ '2017-10-25T13:01:16+0000' | timeago}} • Announcement

Driving $FCX’s robust top-line growth in 3Q17, overall production of gold jumped 36% annually to about 418,000 ounces.  Molybdenum production advanced 26% to 24MM pounds. These positive results were partially offset by a 9% fall in total copper production to 996MM pounds, due to a slump in the Indonesian and North American operations.

$FCX {{ '2017-10-25T12:42:48+0000' | timeago}} • Announcement

Phoenix-based mining company $FCX, which recovered from a long spell of losses last year, posted stronger profit in 3Q17. Earnings advanced 19% annually to $0.19 per share, on the back of an 11% growth in revenues to $4.3BIl. After adjusting for special items, earnings per share more than doubled to $0.34, exceeding market expectations.

$FCX {{ '2017-07-25T13:09:55+0000' | timeago}} • Announcement

$FCX's consolidated sales for FY17 are expected to approx. 3.7Bil pounds of copper, 1.6MM ounces of gold and 93MM pounds of molybdenum, including 940MM pounds of copper, 375 thousand ounces of gold and 22MM pounds of molybdenum for 3Q17.

$FCX {{ '2017-07-25T13:08:36+0000' | timeago}} • Announcement

$FCX's gold sales of 432 thousand ounces during 2Q17 were slightly lower than the prior estimate of 440 thousand ounces. Likewise, copper sales of 942MM pounds were also lower than the prior estimate of 975MM pounds. However, the company's molybdenum sales of 25MM pounds came in slightly higher than the estimate of 24MM pounds.

$FCX {{ '2017-07-25T13:03:03+0000' | timeago}} • Announcement

$FCX bought two oil and gas businesses for roughly $20Bil at 2012-end, when oil was over $100 a barrel and natural gas was at $4.50 per MBTU. However, those prices started crashing within a year of close of the deals, which unraveled $FCX's plans to de-lever the balance sheet. The company now ended 2Q17 with $4.7Bil of cash and $15.4Bil of debt.

$FCX {{ '2017-07-25T12:57:11+0000' | timeago}} • Announcement

Metals and mining company $FCX swung to a profit in 2Q17 after a loss the year earlier. Net income came in at $268MM, or $0.18 per share, from a loss of $479MM, or $0.38 per share, a year ago. Adjusted earnings were $0.17 per share. Revenue grew 11% YoY to $3.71Bil.

$FCX {{ '2017-07-25T12:30:24+0000' | timeago}} • Infographic

$FCX Freeport-McMoRan Earnings AlphaGraphic: Q2 2017 Highlights

$FCX {{ '2017-04-25T16:41:30+0000' | timeago}} • Infographic

$FCX Freeport-McMoRan Copper & Gold Inc. Earnings AlphaGraphics: Q1 2017 highlights

$FCX {{ '2017-04-25T16:09:41+0000' | timeago}} • Webcast

$FCX is forecasting production of about 200,000 tons a day at its mill in Indonesia by the end of 2Q17 and expects it to remain at this range for the remainder of 2017. The mill rates will vary depending on the nature of the raw materials.

$FCX {{ '2017-04-25T15:53:51+0000' | timeago}} • Webcast

$FCX said the Safford production goes out to 2021 and the company believes it will see a decline. $FCX is bringing in ore from the adjacent Lone Star mine and using the same infrastructure it has at Safford. The project is attractive in terms of low capital intensity. $FCX believes its cost reduction program here will be completed by this time.

$FCX {{ '2017-04-25T15:15:59+0000' | timeago}} • Webcast

$FCX has to coordinate shipments with customers who had to make other arrangements for supply when the company was shut down from exports. $FCX had close to 100,000 tons of copper concentrate at its port site and storage facilities. The company is taking steps to reduce this inventory going into 2Q17.

$FCX {{ '2017-04-25T13:05:06+0000' | timeago}} • Announcement

For $FCX, operating cash flows totaled $792MM, and capital expenditures amounted to $344MM for 1Q17. For FY17, operating cash flows fare expected to approximate $4.0Bil, and capital expenditures are touted to be around $1.6Bil. At March 31, 2017, consolidated debt was $15.4Bil and consolidated cash totaled $4.0Bil.

$FCX {{ '2017-04-25T13:01:11+0000' | timeago}} • Announcement

$FCX sees consolidated sales for FY17 to approximate 3.9Bil pounds of copper, 1.9MM ounces of gold and 93MM pounds of molybdenum. For 2Q17, consolidated sales are expected at 1.0Bil pounds of copper, 440,000 ounces of gold and 24MM pounds of molybdenum.

$FCX {{ '2017-04-25T12:57:44+0000' | timeago}} • Announcement

In 1Q17, $FCX posted an attributable net income of $228MM or $0.16 per share, as opposed to last year's loss of $4.18Bil or $3.35 a share. Revenues for the quarter were $3.34Bil, up from $3.24Bil. Consolidated sales totaled 809MM pounds of copper, 182,000 ounces of gold and 24MM pounds of molybdenum.

$FCX {{ '2017-02-22T13:31:49+0000' | timeago}} • Announcement

$FCX provided an update on the status of PT Freeport Indonesia's operations and its discussions with the Government of Indonesia on concentrate exports and other matters related to its Contract of Work.

$FCX {{ '2017-02-03T17:40:24+0000' | timeago}} • Announcement

$FCX said its subsidiary, PT Freeport Indonesia, continues to seek approval from Indonesian authorities for the export of its copper concentrates, consistent with its rights under its Contract of Work (COW). To date, this approval has not been granted.

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