Commodities Buzz: Freeport Copper production dips 17% on year in September quarter, Gold output tumbles 37%
Global mining major Freeport McMoran has announced its third-quarter 2025 operating results stating that consolidated production was impacted by the temporary suspension of operations in Indonesia since the September 8, 2025, mud rush incident. The company’s third-quarter 2025 Copper production of 912 million pounds was lower than third-quarter 2024 production of 1.1 billion pounds, recording a slide of 17% primarily reflecting an estimated reduction of approximately 90 million pounds in third-quarter 2025 associated with the temporary suspension of operations since the September 2025 mud rush incident at PTFI and lower ore grades in Indonesia. Third-quarter 2025 Copper sales of 977 million pounds were slightly lower than July 2025 guidance of 990 million pounds and below third-quarter 2024 sales of 1.0 billion pounds.
The company’s third-quarter 2025 Gold production of 287 thousand ounces was lower than third-quarter 2024 production of 456 thousand ounces, primarily reflecting an estimated reduction of approximately 80 thousand ounces in third-quarter 2025 associated with the temporary suspension of operations in Indonesia. Third-quarter 2025 sales of 336 thousand ounces were 4% lower than the July 2025 guidance of 350 thousand ounces and lower than third-quarter 2024 gold sales of 558 thousand ounces.
Net income attributable to common stock in third-quarter 2025 totaled $674 million compared to $526 million in same period last year.
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