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2 clusters · 6 sources · 1 days · First seen · Last updated

Freeport-McMoRan copper and gold production status

Overview

Freeport-McMoRan reported third-quarter copper production of approximately 830 million pounds, meeting expectations. This production level was supported by the ongoing recovery of the Grasberg operation in Indonesia following a previous mud rush incident. At the Grasberg site, mill throughput averaged 140,000 tonnes of ore per day, or about 67% of normalized rates, with expectations to reach 80% capacity by mid-2027.

Gold production reached 230,000 ounces, though gold sales were lower than the estimated 100,000 ounces due to a shift in the timing of refined sales at PT Freeport Indonesia. While international operations performed well, U.S. output was impacted by localized flooding, power outages, and strong winds.

Copper sales are projected to align with previous estimates of 750 million pounds, with an average realized price exceeding US$6.50 per pound. However, unit net cash costs are expected to be roughly 5% higher than July estimates due to reduced by-product credits.

Entities

PT Freeport Indonesia · Grasberg · Julio Friedmann · Freeport-McMoRan Inc. · ENAP

Timeline

  1. [BUSINESS] 2 sources
    Enap and Freeport-McMoRan report significant production updates

    Enap achieved record fuel production in September 2026, while Freeport-McMoRan met copper production targets despite rising costs and weather disruptions in the US.

  2. [BUSINESS] 4 sources
    Freeport-McMoRan maintains steady copper output amid Grasberg recovery

    Freeport-McMoRan met third-quarter copper production targets as its Grasberg mine in Indonesia recovers, despite higher unit costs and lower gold sales due to timing shifts.

Sources

diarioestrategia.cl · english.kontan.co.id · mineriaenlinea.com · mining.com · stocknews.com · thedeepdive.ca