Freeport Provides Third-Quarter 2026 Operational Update
Business Wire•02/10/2026•08:00 ET
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Key Highlights
- ➤Copper production approximately 830 million pounds, in line with expectations
- ➤Copper sales expected approximately 750 million pounds, matching July estimate
- ➤Gold sales expected approximately 100 thousand ounces, below July estimate
- ➤Unit net cash costs expected approximately 5% above $2.00 per pound estimate
- ➤Grasberg ramp-up targets 80% capacity mid-2027 and near-full capacity year-end 2027
* Third-quarter 2026 consolidated copper and gold production approximated expectations
* Third-quarter 2026 consolidated copper sales expected to approximate July estimates; consolidated gold sales impacted by timing in Indonesia
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