Lowering Freeport-McMoRan's Fair Value Estimate by 3% on the Weaker Gold Price
Business Strategy and Outlook
Freeport-McMoRan owns stakes in 10 copper mines including three of the world’s largest: 49% of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona.
