Freeport-McMoRan Inc. has reported its third-quarter and nine-month 2025 results, revealing several significant changes from the prior period.
In the third quarter of 2025, the company reported net income attributable to common stock of $674 million, or $0.46 per share, and adjusted net income attributable to common stock of $722 million, or $0.50 per share. This represents a substantial increase from the third quarter of 2024, when net income attributable to common stock was $526 million, or $0.36 per share.
Consolidated production in the third quarter of 2025 totaled 912 million pounds of copper, 287 thousand ounces of gold, and 22 million pounds of molybdenum. This is notably lower than the production in the third quarter of 2024, which stood at 1.1 billion pounds of copper and 456 thousand ounces of gold.
Furthermore, sales volumes for copper, gold, and molybdenum in the third quarter of 2025 were also lower compared to the same period in 2024. Copper sales were 977 million pounds, down from 1.035 billion pounds, gold sales were 336 thousand ounces, down from 558 thousand ounces, and molybdenum sales were 19 million pounds, consistent with the third quarter of 2024.
The average realized prices for copper, gold, and molybdenum in the third quarter of 2025 were $4.68 per pound, $3,539 per ounce, and $24.07 per pound, respectively, showing an increase from the same period in 2024.
Additionally, the company reported that consolidated unit net cash costs of $1.40 per pound of copper in the third quarter of 2025 were lower than the $1.39 per pound in the third quarter of 2024.
Freeport-McMoRan also provided forward-looking information, forecasting that consolidated sales for the year 2025 are expected to approximate 3.5 billion pounds of copper, 1.05 million ounces of gold, and 82 million pounds of molybdenum, including 635 million pounds of copper, 60 thousand ounces of gold, and 21 million pounds of molybdenum in the fourth quarter of 2025.
The company's financial position and outlook were also highlighted, with operating cash flows totaling $1.7 billion in the third quarter of 2025 and expected to approximate $5.5 billion for the year 2025.
Given the significant changes in production, sales, and financial metrics, Freeport-McMoRan Inc.'s performance in the third quarter of 2025 demonstrates both challenges and opportunities for the company in the mining industry. As a result of these announcements, the company's shares have moved -1.28% on the market, and are now trading at a price of $40.78. For the full picture, make sure to review FREEPORT-MCMORAN INC's 8-K report.
