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Freeport-McMoRan Inc (FCX.N)

FCX.N on New York Stock Exchange

16.44USD
22 Jun 2018
Change (% chg)

$0.08 (+0.49%)
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Latest Key Developments (Source: Significant Developments)

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
Tuesday, 14 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
Friday, 9 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

Carl Icahn ups shared share stake in Herbalife, cuts in Freeport
Tuesday, 14 Feb 2017 

Carl Icahn : Carl Icahn ups shared share stake in Herbalife Ltd by 14.7 percent to 22.5 million shares - SEC filing . Carl Icahn cuts shared share stake in Freeport-McMoran inc by 12.3 percent to 91.2 million class B shares . Carl Icahn ups shared share stake in Hertz Global by 126.2 percent to 29.3 million shares .Carl Icahn - change in holdings are as of Dec 31, 2016 and compared with the previous quarter ended as of Sept 30, 2016.  Full Article

Freeport does not expect to sell more mining assets - CEO
Tuesday, 25 Oct 2016 

Freeport-McMoRan : CEO says Congo state miner Gecamines' claim of pre-emptive rights on Tenke mine has no legal basis . Freeport CEO says shortfall in 2016 copper production at its Indonesia operations will be "substantially recovered" in 2017 and "fully recovered" in 2018 . Freeport CEO says does not expect to do any more mining asset sales, may sell more oil and gas assets .Ceo says small increases in copper demand or supply disruptions could move market to deficit.  Full Article

Freeport-Mcmoran expects capex of $2.8 bln in 2016
Tuesday, 25 Oct 2016 

Freeport-mcmoran Inc : Freeport-Mcmoran reports third-quarter and nine-month 2016 results .Freeport-Mcmoran inc - capital expenditures are expected to approximate $2.8 billion for year 2016.  Full Article

Sentinel Peak reports acquisition of Freeport-McMoran's onshore California assets
Friday, 14 Oct 2016 

Freeport-McMoran Inc : Sentinel Peak Resources announces the acquisition of Freeport-McMoran's onshore California assets for $742 million . Sentinel Peak Resources- has entered agreement with oil and gas subsidiary of Freeport-McMoran Inc to purchase onshore California assets for $592 million .Sentinel Peak Resource -agreement includes additional consideration of up to $150 million payable in certain circumstances.  Full Article

Capital Research Global Investors reports 10.5 pct passive stake in Freeport-McMoRan - SEC filing
Tuesday, 11 Oct 2016 

Freeport-McMoRan Inc:Capital Research Global Investors discloses 10.5 percent passive stake in Freeport-McMoRan Inc as of September 30 - SEC filing.  Full Article

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Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report

JAKARTA A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc and its partner Rio Tinto , according to government and company officials.