July 23, 2020 / 12:02 PM / 22 days ago

Freeport-McMoRan posts quarterly profit on lower costs

July 23 (Reuters) - Freeport McMoRan Inc reported a profit for the second quarter on Thursday, helped by a drop in costs. Net income attributable to shareholders was $53 million, or 3 cent per share, in the second quarter ended June 30, compared with a loss of $72 million, or 5 cents per share, a year earlier.

The miner’s quarterly gold production rose 19% to 191,000 ounces.

Reporting by Shradha Singh in Bengaluru; Editing by Aditya Soni

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below