FCX Conference Call 3rd Quarter 2023 Results
3Q 2023 Operations Update
Strong execution
North America
Leach Innovation Initiatives
ā 46 mm lbs Cu in 3Q23; over 3x 3Q22
o 90% of YE 2023 targeted annual run rate
o Pursuing new technologies to increase.
recoveries beyond initial target
Productivity Initiatives
o Continued focus on productivity, efficiencies
and improved equipment reliability
Bagdad
o Advancing autonomous haulage
Cu Sales: 372 mm lbs
See Cautionary Statement.
FREEPORT FOREMOST IN COPPER
-
South America
Cerro Verde
o 3Q23 Mill Rate: 431k tpd
Quarterly record
El Abra
o Advancing plans to invest in water
infrastructure to provide options to extend
existing operations
Cu Sales: 307 mm lbs
Indonesia
Grasberg
3Q23 Mill Rate: 207k tpd
- Commissioned new crusher to support
increased mining rates in the GBC
THE POWER OF
COPPER
3Q production of over 400 mm lbs of copper
and 500k ozs of gold
111
0000000
Cu Sales: 430 mm lbs
Au Sales: 395 k ozs
LO
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