Freeport-McMoRan Inc. Reports Consolidated Production Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 26, 2022 at 08:18 am EST
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Freeport-McMoRan Inc. reports consolidated production results for the fourth quarter and full year ended December 31, 2021. For the quarter, Copper production was 1,033 millions of recoverable pounds against 864 millions of recoverable pounds reported a year ago. Gold production was 405,000 of recoverable ounces against 273,000 of recoverable pounds reported a year ago. Molybdenum production was 22 millions of recoverable pounds against 19 millions of recoverable pounds reported a year ago.
For the full year, Copper production was 3,843 millions of recoverable pounds against 3,206 millions of recoverable pounds reported a year ago. Gold production was 1,381,000 of recoverable ounces against 857,000 of recoverable pounds reported a year ago. Molybdenum production was 85 millions of recoverable pounds against 76 millions of recoverable pounds reported a year ago.
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. 
