Freeport-McMoRan has published its fourth-quarter and year-ended 2025 financial and operating results on its Investor Relations website. The release details consolidated copper production of 1.3 million metric tons for the full year, up 4% from 2024, and annual refined copper sales of 1.25 million metric tons. Gold production declined 2% to 900,000 ounces, while molybdenum output rose 10% to 50 million pounds. Full-year revenue from copper sales increased by 7% year-over-year, driven by higher realized copper grades at Grasberg and improved operational performance at Morenci. The report also highlights a 6% reduction in unit costs per pound of copper equivalent, reflecting ongoing cost-control initiatives across global operations.

FCX will host a live conference call at 10:00 a.m. Eastern Time to discuss these results with securities analysts, accompanied by a slide presentation accessible via webcast. Participants can join through the Investor Relations page, where a replay will remain available through February 20, 2026. Management is expected to address capital allocation priorities, including the timing of the Lone Star copper development project in Arizona, budgeted at $2.5 billion, and the planned expansion at Cerro Verde in Peru, which is targeted to add 150,000 metric tons of annual copper capacity upon completion in mid-2027. Investors will also be looking for commentary on Freeport’s 2026 production guidance and free cash flow expectations given the company’s commitment to return excess cash through a combination of debt reduction and potential special dividends.