Freeport-McMoRan Inc. provided earnings guidance for the second quarter 2020. For the quarter the company expects copper sales to exceed the April 2020 estimate of 690 million pounds by approximately 8% and gold sales are expected to exceed the April 2020 estimate of 165 thousand ounces by approximately 10%. The company expects to record a small net loss before nonrecurring items approximating $0.03 per share. These amounts exclude COVID-19 costs and nonrecurring costs associated with employee separation programs implemented in response to market conditions.