Freeport reported a net income of $352 million for the first quarter of 2025, with adjusted net income reaching $358 million. Copper production totaled 868 million pounds, gold production 287 thousand ounces, and molybdenum production 23 million pounds. Copper sales volumes surpassed January 2025 guidance, while gold sales were lower due to shipment timing. The...
READ MOREFreeport’s first-quarter 2025 production aligned with internal forecasts, though shipment timing from its Indonesian operations deferred a portion of the quarter’s output to future periods. The resumption of concentrate exports from Indonesia followed regulatory approvals granted on March 17, 2025, ending a restriction that had been in place since December 2024. Meanwhile, the company is...
READ MOREIndonesia will issue Freeport Indonesia a six-month permit to export copper concentrate while its smelter undergoes repairs, ensuring continued government royalty payments, Energy Minister Bahlil Lahadalia announced on Monday. Freeport has been seeking an export permit after a fire in October 2024 damaged its new smelter in Gresik, East Java province, forcing a halt in...
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