Mining company Freeport-McMoRan Inc. (NYSE: FCX) on Thursday announced financial results for the third quarter of 2023, reporting higher adjusted earnings and revenues.
Total revenues increased to $5.82 billion in the three months ended September 2023 from $5.0 billion in the same period last yearNet income attributable to shareholders was $454 million or $0.31 per share in the third quarter, compared to $404 million or $0.28 per share last yearAdjusted net income attributable to shareholders increased to $0.39 per share in Q3 from $0.26 per share last yearConsolidated production totaled 1.1 billion pounds of copper, 532 thousand ounces of gold, and 20 million pounds of molybdenum in the quarterTotal sales came in at 1.1 billion pounds of copper, 399 thousand ounces of gold, and 20 million pounds of molybdenumOperating cash flows totaled $1.2 billion in the third quarter of 2023
The post Earnings Summary: A snapshot of Freeport McMoRan’s Q3 2023 results first appeared on AlphaStreet.
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