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Freeport-McMoRan Inc (FCX.N)

FCX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Freeport has no plans for big M&A deals - CEO
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN INC FOCUSED ON INTERNAL DEVELOPMENTS VERSUS M&A TO GROW, "HIGH HURDLE" FOR OUTSIDE OPPORTUNITIES - CEO RICHARD ADKERSON.FREEPORT ASSURED THAT RESOLUTION OF INDONESIAN ENVIRONMENTAL ISSUES WILL NOT DISRUPT OPERATIONS OR ADD SIGNIFICANT COST TO OPERATIONS - CEO.FREEPORT HAS NO PLANS TO SELL THE COMPANY, RECENT MEDIA COVERAGE "MISCHARACTERIZED" STOCK RESPONSE ON M&A QUESTION - CEO.FREEPORT SEES BIG M&A DEALS UNLIKELY WITH CURRENT GLOBAL UNCERTAINTIES, "DON'T CONSIDER IT SOMETHING THAT WE WOULD LOOK AT IN THE NEAR-TERM, GIVEN OUR SHARE PRICE" - CEO.  Full Article

Freeport confident in copper long term - CEO
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN INC SEES COPPER MARKET PARADOX: STRONG FUNDAMENTALS, BUT POOR SENTIMENT - CHIEF EXECUTIVE OFFICER RICHARD ADKERSON.FREEPORT SLOWING LONG-TERM RESOURCE DEVELOPMENT PLANS, DEFERRING INVESTMENT DECISIONS UNTIL CLARITY IN MARKETPLACE - CEO.FREEPORT EVALUATING PROJECT PIPELINE, RANKING OPPORTUNITIES, WILL DO LOW-RISK CAPITAL EXPANSION WHEN CONDITIONS RIGHT - CEO.FREEPORT SEES 2022 INDONESIA OUTPUT AT 1.8 MILLION LBS COPPER, 1.9 MILLION OUNCES GOLD; 2023-2027 AT 1.7 MILLION LBS COPPER, 1.8 MILLION OUNCES GOLD - CEO.FREEPORT SEES IMPLIED COST TO REPLACE ITS PRODUCTION AT PLUS/MINUS $40 BILLION, BASED ON COST TO DEVELOP CAPACITY OF $8-$10 PER POUND - CEO.  Full Article

Freeport-McMoRan Reports Q3 Earnings Per Share $0.38
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN REPORTS THIRD-QUARTER AND NINE-MONTH 2018 RESULTS.Q3 EARNINGS PER SHARE $0.38.Q3 EARNINGS PER SHARE VIEW $0.33 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED EARNINGS PER SHARE $0.35.FREEPORT-MCMORAN - CONSOLIDATED SALES TOTALED 1.04 BILLION POUNDS OF COPPER, 837 THOUSAND OUNCES OF GOLD AND 22 MILLION POUNDS OF MOLYBDENUM IN Q3 2018.FREEPORT-MCMORAN - CONSOLIDATED SALES FOR 2018 ARE SEEN TO APPROXIMATE 3.8 BILLION POUNDS OF COPPER, 2.45 MILLION OUNCES OF GOLD & 95 MILLION POUNDS OF MOLYBDENUM.QTRLY REVENUE $4908 MILLION VERSUS $4,310 MILLION REPORTED LAST YEAR.CAPITAL EXPENDITURES TOTALED $0.5 BILLION (INCLUDING APPROXIMATELY $0.4 BILLION FOR MAJOR MINING PROJECTS) IN THIRD-QUARTER 2018.AT SEPTEMBER 30, 2018, CONSOLIDATED DEBT TOTALED $11.1 BILLION AND CONSOLIDATED CASH TOTALED $4.6 BILLION.CAPITAL EXPENDITURES FOR YEAR 2018 ARE EXPECTED TO APPROXIMATE $2.0 BILLION.THIRD-QUARTER 2018 COPPER SALES OF 1.04 BILLION POUNDS 12 PERCENT HIGHER THAN THIRD-QUARTER 2017 SALES OF 932 MILLION POUNDS.QTRLY COPPER AVERAGE REALIZED PRICE WAS $2.80/POUND VERSUS $2.94/POUND.QTRLY GOLD AVERAGE REALIZED PRICE WAS $1,191/OUNCE VERSUS $1,290/OUNCE.THIRD-QUARTER 2018 GOLD SALES OF 837 THOUSAND OUNCES, MORE THAN DOUBLE THIRD-QUARTER 2017 SALES OF 355 THOUSAND OUNCES.FREEPORT-MCMORAN - Q3 MOLYBDENUM SALES OF 22 MILLION POUNDS WERE LOWER THAN JULY 2018 ESTIMATE OF 24 MILLION POUNDS AND APPROXIMATED THIRD-QUARTER 2017 SALES.  Full Article

Mundoro, Freeport-Mcmoran Exploration Sign Exploration Agreement
Monday, 30 Jul 2018 

July 30 (Reuters) - Mundoro Capital Inc ::MUNDORO AND FREEPORT-MCMORAN EXPLORATION CORPORATION SIGN EARN-IN AGREEMENT FOR EXPLORATION OF TWO SERBIAN TIMOK LICENSES.MUNDORO CAPITAL - GRANTED TO FREEPORT OPTION TO EARN UP TO 75% INTEREST IN FREEPORT-MUNDORO JV PROJECT BY SOLE FUNDING EXPENDITURES OF UP TO $45 MILLION.  Full Article

Freeport-McMoran Sets Quarterly Cash Dividend Of $0.05 Per Share
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Freeport-McMoRan Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.05PER SHARE.  Full Article

Freeport-Mcmoran Q1 Earnings Per Share $0.47
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Freeport-McMoRan Inc ::Q1 EARNINGS PER SHARE $0.47.Q1 EARNINGS PER SHARE VIEW $0.56 -- THOMSON REUTERS I/B/E/S.Q1 ADJUSTED EARNINGS PER SHARE $0.46.CONSOLIDATED SALES FOR YEAR 2018 ARE EXPECTED TO APPROXIMATE 3.8 BILLION POUNDS OF COPPER, 2.4 MILLION OUNCES OF GOLD.CAPITAL EXPENDITURES FOR FIRST-QUARTER 2018 TOTALED $402 MILLION (INCLUDING APPROXIMATELY $250 MILLION FOR MAJOR MINING PROJECTS).CONSOLIDATED SALES FOR YEAR 2018 ARE EXPECTED TO APPROXIMATE 95 MILLION POUNDS OF MOLYBDENUM.CAPITAL EXPENDITURES FOR YEAR 2018 ARE EXPECTED TO APPROXIMATE $2.0 BILLION.QTRLY REVENUE $4,868 MILLION VERSUS $3,341 MILLION REPORTED LAST YEAR.AT MARCH 31, 2018, CONSOLIDATED DEBT TOTALED $11.6 BILLION AND CONSOLIDATED CASH TOTALED $3.7 BILLION.FIRST-QUARTER 2018 COPPER SALES OF 993 MILLION POUNDS WERE HIGHER THAN FIRST-QUARTER 2017 SALES OF 809 MILLION POUNDS.FREEPORT - SALES FOR Q2 EXPECTED TO APPROXIMATE 970 MILLION POUNDS OF COPPER, 700 THOUSAND OUNCES OF GOLD AND 24 MILLION POUNDS OF MOLYBDENUM.AVERAGE UNIT NET CASH COSTS EXPECTED TO AVERAGE $1.01 PER POUND OF COPPER FOR YEAR 2018.FIRST-QUARTER 2018 GOLD SALES OF 610 THOUSAND OUNCES WERE LOWER THAN JANUARY 2018 ESTIMATE OF 675 THOUSAND OUNCES.QTRLY AVERAGE REALIZED PRICE PER POUND FOR COPPER WAS $3.11 VERSUS $2.67 PER POUND REPORTED LAST YEAR.FIRST-QUARTER MOLYBDENUM SALES OF 24 MILLION POUNDS APPROXIMATED JANUARY 2018 ESTIMATE AND FIRST-QUARTER 2017 SALES OF 24 MILLION POUNDS.  Full Article

Carl Icahn cuts shared share stake in Freeport-Mcmoran
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - :Carl Icahn cuts shared share stake in Freeport-Mcmoran Inc by 15.8 percent to 77.16 million Class B shares - SEC filing.Change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Freeport-McMoRan announces redemption of two series of senior notes
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Freeport-McMoRan Inc :Freeport-McMoRan announces redemption of two series of senior notes.Freeport-McMoRan Inc - ‍notices have been issued to redeem on December 11, 2017, $617 million aggregate principal amount of FCX and FMOG senior notes​.Freeport-McMoRan Inc - ‍FCX expects to record a gain to net income of approximately $15 million in Q4 of 2017 in connection with redemptions​.  Full Article

Freeport-McMoRan reports Q3 earnings per share $0.19
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Freeport-McMoRan Inc :Freeport-McMoRan reports third-quarter and nine-month 2017 results.Q3 earnings per share $0.19.Q3 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $0.34.Freeport-McMoRan Inc - ‍Capital expenditures totaled $308 million (including approximately $200 million for major mining projects) for third-quarter 2017​.Freeport-McMoRan Inc - ‍consolidated sales for year 2017 are expected to approximate 3.7 billion pounds of copper, 1.6 million ounces of gold​.Freeport-McMoRan Inc qtrly average realized price was $2.94‍​ per pound for copper versus $2.19 per pound.Freeport-McMoRan Inc - ‍At September 30, 2017, consolidated debt totaled $14.8 billion, compared with $16.0 billion at December 31, 2016​.Freeport-McMoRan - Capex for 2017 expected to about $1.5 billion, including $0.7 billion for development activities in grasberg minerals district in indonesia.Freeport-McMoRan Inc - Third-quarter 2017 copper sales of 932 million pounds were 16 percent lower than third-quarter 2016 sales of 1.1 billion pounds‍​.Freeport-McMoRan Inc qtrly average realized price was $‍​1,290 per ounce for gold versus $1,327 per ounce.Freeport-McMoRan Inc - Qtrly revenue $‍4,310​ million versus $3,877 million.Freeport-McMoRan Inc - Third-quarter 2017 gold sales of 355 thousand ounces were higher than third-quarter 2016 sales of 317 thousand ounces‍​.Freeport-McMoRan Inc - Incurred ‍net charges of $212 million, $0.15 per share, in quarter​.  Full Article

Carl Icahn cuts Freeport-McMoran stake to 6.33 pct from 7.20 pct
Saturday, 10 Jun 2017 

June 9 (Reuters) - Freeport-McMoran Inc ::Carl Icahn reports 6.33 percent stake in Freeport-McMoran Inc as of June 6 versus 7.20 percent stake as of Nov 23, 2016 - sec filing.  Full Article

Indonesia revives M&A deal flow

* Loans: Country’s largest cement maker taps US$1.25bn acquisition financing