| Miner Freeport-McMoRan reports quarterly loss as commodity prices fall | |
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Jan 26 (Reuters) - Diversified U.S. miner and oil producer Freeport-McMoRan Inc reported a bigger fourth-quarter loss, squeezed by plunging commodity prices and flagging Chinese demand. The company said it is taking further actions to reduce its hefty debt load. The Phoenix, Arizona-based company, which is under pressure from activist investor Carl Icahn, said its quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per share, compared with a loss of $2.85 billion, or $2.75 per share, last year. Revenue fell nearly 28 percent to $3.8 billion. (Reporting by Nicole Mordant in Vancouver and Narottam Medhora in Bengaluru; Editing by Shounak Dasgupta)
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Freeport McMoRan Copper and Gold Inc.
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PRODUCER |
CODE : FCX |
ISIN : US35671D8570 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Freeport McMoran is a gold and copper producing company based in United states of america. Freeport McMoran produces gold, copper, cobalt, molybdenum and silver in Chile, in Congo Dem. Rep. of, in Indonesia and in Peru, develops copper in Peru, and holds various exploration projects in Chile. Its main assets in production are CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI and MORENCI - ROM LEACH in Chile, GRASBERG, SIERRITA and BAGDAD in Indonesia, TENKE FUNGURUME and TYRONE in Congo Dem. Rep. of and CERRO VERDE in Peru, its main asset in development is SAFFORD in Peru and its main exploration properties are BAGDAD - ROM LEACH and CHINO - ROM LEACH in Peru and CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH and CLIMAX in Chile. Freeport McMoran is listed in Germany and in United States of America. Its market capitalisation is US$ 73.3 billions as of today (€ 68.9 billions). Its stock quote reached its lowest recent point on March 06, 2020 at US$ 10.00, and its highest recent level on April 19, 2024 at US$ 50.65. Freeport McMoran has 1 448 000 000 shares outstanding. |