Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of Fiscal 2021
July 22, 2021 at 08:55 am EDT
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Freeport-McMoRan Inc. provided consolidated sales guidance for the third quarter and full year of fiscal 2021. For the quarter, the company expects approximate 1.035 billion pounds of copper, 360,000 ounces of gold and 21 million pounds of molybdenum.
For the full year, the company expects approximate 3.85 billion pounds of copper, 1.3 million ounces of gold and 86 million pounds of molybdenum.
Freeport-McMoRan Inc. specializes in the exploration and operation of copper and gold mines located primarily in the United States, Peru, Chile, Indonesia and Congo. Net sales break down by family of products as follows:
- copper (74.6%): refined copper and copper concentrates (4.1 billion ounces sold in 2023);
- gold (14.5%): 1,713,000 ounces sold;
- molybdenum (8.4%): 1.3 billion ounces sold;
- other (2.5%).
Net sales are distributed geographically as follows: the United States (31.8%), Switzerland (17.4%), Japan (15%), Spain (5.5%), Singapore (5.1%), China (4.7%), Indonesia (3.3%), Germany (3.1%), Chile (1.9%), the United Kingdom (0.7%), and other (11.5%).
FREEPORT-MCMORAN INC. 
