Freeport-McMoRan Results Beat Street

Reuters reported that Freeport-McMoRan (NYSE:FCX) enjoyed higher than expected profits and increased sales projections for silver, gold and molybdenum.

The market news is quoted as saying:

Revenue rose 30 percent to $5.71 billion on a combination of higher gold, copper and molybdenum prices and lower costs for mining the metals. Analysts had forecast $5.3 billion.

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