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Stock impact report

Freeport Beats Profit Views As Grasberg Restart Plan Refocuses Investor Debate [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Freeport-McMoRan (NYSE:FCX) reported profits that exceeded expectations while dealing with operational disruptions at the Grasberg mine in Indonesia. The company plans a phased restart of the Grasberg site, beginning in the next quarter. The Grasberg mine is a key asset for Freeport-McMoRan's copper and gold production footprint. Freeport-McMoRan, listed on the NYSE under ticker FCX, is a major producer of copper, gold, and molybdenum. Grasberg in Indonesia is one of its most important operations. The latest update on Grasberg comes at a time when investors are closely watching physical supply from large miners and any interruptions at major deposits. The phased restart plan at Grasberg provides investors with a clearer view of how Freeport-McMoRan intends to bring production back online after recent disruptions. As the company executes this plan in the next quarter, many shareholders are likely to focus on operational stability at the mine and how management balances output, Show less Read more
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