South32 Ltd

S32: XASX (AUS)

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Freeport-McMoRan Earnings: Generally Stronger Commodity Prices See Their and South32's FVE Raised

Jon Mills

Apr 28, 2026

Freeport-McMoRan's first-quarter adjusted NPAT rose 130%, to USD 830 million or USD 0.57 per share, as stronger copper and gold prices more than offset reduced sales volumes. But Grasberg is now likely to ramp up production more slowly than expected after September 2025's tragic mud rush incident.

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South32 Ltd

Freeport-McMoRan Earnings: Generally Stronger Commodity Prices See Their and South32's FVE Raised

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