Electrifying the Future
ELECTRIFYING THE FUTURE
Reconciliation of 2022e Unit Net Cash Cost Guidance
($ and ¢ per pound of copper)
Site Production & Delivery
By-product Credits
Jan. 2022e
Guidance
Price Assumptions
$4.50 Cu / $1,800 Au /
$19 Mo
Impacts
April 2022e
Guidance
Price Assumptions
$4.75 Cu / $1,950 Au /
$19 Mo
FREEPORT
FOREMOST IN COPPER
2022e Site Production
Costs Breakdown
Other
12% ***
Acid
6%
Materials
and
Supplies
32%
$1.95
+15¢*
$2.10
(0.92)
-8¢**
(1.00)
Treatment Charges
0.16
No Change
0.16
Energy
21%
Royalties & Export Duties
0.16
+2¢
0.18
Net Unit Cash Costs
$1.35
$1.44
Labor
29%
e = estimate. See Cautionary Statement.
*~75% of the impact on site production and delivery is attributable to higher energy prices, consumables and
exchange rates in South America; the balance is attributable to volumes, labor support and capacity
assurance projects
** Reflects higher gold volumes and price assumption for 2Q22e - 4Q22e
Support costs, taxes/fees, social costs & otherView entire presentation