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Get filing alertsFreeport-McMoRan Q3 copper output in line, gold sales deferred, smelter restarts
Filed October 2, 2026 · Period ending October 2, 2026 · ~1 min read
Key Changes
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Q3 2026 consolidated copper production of about 830 million pounds was in line with expectations, with slightly better international results offsetting lower U.S. output.
Exhibit 99.1 view on EDGAR → -
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About 60,000 ounces of refined gold sales shifted from Q3 to Q4 2026 due to timing at PTFI, cutting Q3 consolidated gold sales to about 100,000 ounces.
Exhibit 99.1 view on EDGAR → -
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Unit net cash costs are expected to be about 5% above the July estimate of $2.00 per pound, mainly due to lower by-product credits from deferred gold sales.
Exhibit 99.1 view on EDGAR → -
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FCX estimates its Q3 2026 consolidated average realized copper price to exceed $6.50 per pound.
Exhibit 99.1 view on EDGAR →
Summary
Freeport-McMoRan provided a third-quarter 2026 operational update on October 2, 2026. Gold sales timing at PTFI deferred about 60,000 ounces of refined gold from Q3 to Q4 2026, reducing Q3 consolidated gold sales to about 100,000 ounces.
This deferral also pushed unit net cash costs about 5% above the July estimate of $2.00 per pound, mainly due to lower by-product credits. Freeport estimates its Q3 average realized copper price exceeded $6.50 per pound. The update is largely in line with prior guidance, with the smelter restart a positive operational milestone. The gold sales deferral is a timing shift rather than a loss, and the higher unit costs are a direct consequence of that shift. No red flags are indicated.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Freeport-McMoRan issued a press release dated October 2, 2026, providing a third-quarter 2026 operational update.
Added in current filing · verify on EDGAR →
Freeport-McMoRan Inc. issued a press release dated October 2, 2026, providing a third-quarter 2026 operational update.
The company furnished a press release with a third-quarter 2026 operational update. The 8-K itself does not include the quantitative details from the press release, which is attached as Exhibit 99.1.
Event · Item 7.01 — Regulation FD Disclosure
Freeport-McMoRan furnished a Regulation FD disclosure incorporating Item 2.02 by reference.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
See Item 2.02, which is incorporated herein by reference.
The company furnished a Regulation FD disclosure that incorporates Item 2.02 by reference. No substantive financial or operational details are provided in this section.
Event · Exhibit 99.1
Freeport provides Q3 2026 operational update: copper production in line, gold sales deferred, smelter restarted.
Added in current filing · view on EDGAR →
FCX estimates its third-quarter 2026 consolidated average realized price to exceed $6.50 per pound of copper.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 5, 2026 · How we verify