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Stock impact report

Edited Transcript of FCX earnings conference call or presentation 23-Jan-20 3:00pm GMT [Yahoo! Finance News]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
justed earnings before interest, taxes and depreciation and amortization for the fourth quarter, EBITDA totaled $891 million. We also have a reconciliation of EBITDA available on Page 35 of the presentation materials. Fourth quarter copper sales totaled 906 million pounds. Those were higher than our October estimate of 870 million pounds and gold sales of 317,000 ounces in the fourth quarter were 117,000 ounces higher than our October estimate of 200,000 ounces. The positive variance to guidance of both copper and gold was primarily associated with an extension of mining from the Grasberg open pit, which was completed in the fourth quarter and also the timing of shipments as we sold some inventory from the third quarter. Our average realized price in the fourth quarter was $2.74 per pound. That was similar to the year ago of average copper price. And gold prices of $1,491 average for the quarter were slightly above last year's fourth quarter. Our consolidated average unit net cash cos Show less Read more
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