Freeport-McMoRan Inc (NYSE:FCX) reported fourth-quarter fiscal 2023 revenue growth of 2.6% year-over-year to $5.91 billion, beating the consensus of $5.86 billion.
Adjusted EPS was $0.27, beating the consensus of $0.22.
Fourth quarter copper sales totaled 1.1 billion pounds, an increase of 7.1% Y/Y, Average realized price per pound was $3.81 (+1.1% Y/Y), and Production totaled 1.095 billion pounds.
Gold sales of 549 thousand ounces were up 19.9% Y/Y; Average realized price per ounce was $2,034 (+13.7% Y/Y). Freeport-McMoRan has achieved 90% completion milestone on Indonesia smelter projects.
Operating income ...