Freeport-McMoRan Inc

FCX: XNYS (USA)
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Freeport-McMoRan Earnings: Soft Start as Expected, but Likely to Improve Over the Remainder of 2025

Freeport-McMoRan's first-quarter 2025 earnings are soft due to maintenance activities at its 49%-owned Grasberg copper and gold mine in Indonesia. Reduced copper and gold volumes and higher unit cash costs more than offset higher prices, with adjusted EBITDA down 23%, to USD 1.9 billion.

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