Freeport-McMoRan Inc. has reported strong second-quarter and six-month 2025 financial results. The company achieved a net income attributable to common stock of $772 million, or $0.53 per share, for the second quarter of 2025, compared to $616 million, or $0.42 per share, during the same period in 2024. Revenues for the second quarter increased to $7.582 billion from $6.624 billion in the previous year. For the first half of 2025, Freeport-McMoRan recorded revenues of $13.310 billion, up from $12.945 billion in the first half of 2024. Net income attributable to common stock for the six months ended June 30, 2025, was $1.124 billion, or $0.77 per share, compared to $1.089 billion, or $0.75 per share, in the same period last year. The company noted strong operating performance, with quarterly copper and gold sales volumes exceeding April 2025 guidance and unit net cash costs significantly below the same guidance. Freeport-McMoRan also reported favorable pricing for U.S. copper sales and global gold sales. A significant operational milestone was achieved with the commencement of startup activities at the new large-scale copper smelter in Indonesia in May 2025, with the first production of copper cathode expected in July 2025. The company is advancing its innovative copper leaching initiatives and exploring organic growth opportunities. Freeport-McMoRan maintains a strong financial position and expresses a favorable long-term outlook.
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