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Stock impact report

Freeport Grasberg Extension And Restart Plans Meet Valuation And Risk Questions [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Freeport-McMoRan (NYSE:FCX) has extended its mining rights at the Grasberg mine in Indonesia, securing operational control through at least 2041. The company agreed to expanded community investment commitments as part of the renewed terms with the Indonesian government. Freeport-McMoRan is preparing a phased restart of the Grasberg Block Cave underground mine later this year. For investors watching NYSE:FCX, the Grasberg extension secures access to one of the world's largest copper and gold assets for an extended period. Shares recently closed at $59.36. The stock is up 14.3% year to date, 62.9% over the past year, and 63.4% over three years. Over five years, the stock shows a 69.9% return, alongside shorter-term pullbacks of 12.8% over the last week and 4.0% over the past month. The renewed mining rights, community spending plans and Show less Read more
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