Freeport McMoRan Releases Third Quarter and Nine-Month 2018 Results

Freeport MCMoRan (NYSE:FCX) has released its third quarter and nine-month results for the year so far, reporting a net income attributable to common stock of US$556 million in the September quarter, and US$2.1 billion for the first nine months of 2018.

It also reported consolidated sales of 1.04 billion pounds of copper, 837,000 ounces of gold and 22 million pounds of molybdenum in the quarter.

President and CEO of Freeport, Richard Adkerson said:

“Our global team delivered a solid operating quarter and maintained a sharp focus on productivity, cost management, capital discipline and initiatives to build value for shareholders. The pending completion of our new long-term partnership with the Indonesian government will enable us to de-risk a world class asset. Supported by a premier portfolio of geographically diverse long-lived copper assets, a solid balance sheet, a large resource position to support future growth and a positive fundamental outlook for copper, FCX is poised to deliver substantial value to shareholders.”

Click here to read the full Freeport McMoRan (NYSE:FCX) press release.