Grasberg Project and Financial Update
2021e Operational Data
P&H
538
7938
888
2021e Sales
1,455
Cu
FREEPORT
FOREMOST IN COPPER
by Region
North America
South America
Indonesia
1,327
1,030
85 (1)
Mo
mm lbs
mm lbs
1.3 (2)
Au
mm ozs
2021e Unit Net Cash Costs (3) (per lb of Cu)
North
America
South
America
Indonesia
Consolidated
Site Production & Delivery, excl. adjs.(4)
$2.12
$2.22(5)
$1.47
$1.92(5)
By-product Credits
(0.36)
(0.32)
(1.90)
(0.89)
Treatment Charges
0.09
0.13
0.24
0.16
Royalties & Export Duties
0.01
0.41
0.14
Unit Net Cash Costs
$1.85
$2.04 (5)
$0.22
$1.33 (5)
(1) Includes molybdenum produced in South America.
(2) Includes gold produced in North America.
(3) Estimates assume average prices of $1,800/oz for gold and $19/lb for molybdenum for 4Q21e. Quarterly unit costs will vary significantly with quarterly metal
sales volumes.
(4) Production costs include profit sharing in South America and severance taxes in North America.
(5) South America includes 7¢/lb and Consolidated includes 2¢/lb associated with nonrecurring labor-related charges at Cerro Verde for agreements reached with
~65% of its hourly employees.
e = estimate. See Cautionary Statement.
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