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Freeport-McMoRan Reports Q2 Earnings of $1.1B as Gold Prices Rise 37% YoY to $4,520 per Ounce

Metals Commodities

2026-07-23 20:58:14

FCX-2.23%

XCU-2.30%

According to Kitco News, Freeport-McMoRan (NYSE: FCX) reported adjusted second-quarter 2026 earnings of $1.1 billion, or $0.74 per share, backed by strong gold and copper prices. The company realized an average gold price of $4,520 per ounce, a 37% increase from $3,291 per ounce in Q2 2025, while copper prices climbed 36% to $6.17 per pound. Freeport produced 192,000 ounces of gold during the quarter, with the company guiding for approximately 650,000 ounces of gold sales in full-year 2026 at an assumed average price of $4,000 per ounce.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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