Freeport-McMoRan says Grasberg ramp-up met expectations, with significant growth expected in 2027 and 2028
FCX•Freeport-McMoRan said the Grasberg Minerals District mining ramp-up met expectations and significant growth is expected in 2027 and 2028. Q3 production totaled 832 million pounds of copper, 234,000 ounces of gold and 22 million pounds of molybdenum; 2026 operating cash flows are expected to approximate $8.5 billion.
1. Production and outlook
Freeport-McMoRan reported Q3 consolidated production of 832 million pounds of copper, 234,000 ounces of gold and 22 million pounds of molybdenum. Consolidated sales totaled 749 million pounds of copper, 105,000 ounces of gold and 22 million pounds of molybdenum; gold sales volumes were affected by the previously reported timing of gold sales in Indonesia.
2. 2026 expectations
The company expects 2026 consolidated sales of approximately 3.0 billion pounds of copper and 649,000 ounces of gold. Operating cash flows are expected to approximate $8.5 billion, net of $0.6 billion of working capital and other uses.
