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Stock impact report

This Mining Stock Could Have Massive Upside [The Motley Fool]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: The Motley Fool
This Mining Stock Could Have Massive Upside Copper mining giant Freeport-McMoRan ( NYSE:FCX third quarter However, the copper gold third-quarter conference call Image source: Getty Images. A three-pronged growth plan CEO Richard Adkerson spent a great deal of time on that call discussing what lies ahead for the mining company. He noted that the company's focus is on three major initiatives. First, it's working on ramping up a new underground mine at Grasberg, which he called "the most important of those and one that's really key to our future." He stated that the "ramp-up is advancing on schedule." That has the company on track to "achieve low-cost, long-lived production from our underground ore bodies," which "will be a source of significant cash flows for the next 0 years plus." , he noted that the company is commissioning the Lone Star project in Arizona. This initiative is "within our budget and on schedule" with copper production expected next year, according to Adkerson. Overall Show less Read more
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