Grasberg Project and Financial Update slide image

Grasberg Project and Financial Update

3Q21 Mining Operating Summary Sales From Mines for 3Q21 & 3Q20 by Region North America South America (2) 375 379 280 250 20(1) 20 (1) Cu Mo mm lbs mm lbs 3Q21 3Q20 3Q21 3Q20 3Q21 Unit Production Costs (per lb of Cu) Cash Unit Costs Site Production & Delivery, excl. adjs. By-product Credits Treatment Charges Royalties & Export Duties Unit Net Cash Costs (1) Includes 5 mm lbs in 3Q21 and 6 mm lbs in 3Q20 from South America. (2) Silver sales totaled 1.0 mm ozs in 3Q21 and 0.9 mm ozs in 3Q20. (3) Silver sales totaled 1.7 mm ozs in 3Q21 and 1.0 mm ozs in 3Q20. 3Q21 3Q20 North America South America 378 FREEPORT FOREMOST IN COPPER Indonesia (3) 219 399 230 3Q21 3Q20 Au 000 ozs 3Q21 3Q20 Indonesia Consolidated $2.12 $2.14 (4) $1.46 $1.88 (0.39) (0.38) (1.97) (0.97) 0.09 0.13 0.24 0.16 0.01 0.44 0.17 $1.82 $1.90 $0.17 $1.24 (4) South America includes 2¢/lb associated with nonrecurring labor-related charges at Cerro Verde for agreements reached with its hourly employees. NOTE: For a reconciliation of unit net cash costs per pound to production and delivery costs applicable to sales reported in FCX's consolidated financial statements, refer to "Product Revenues and Production Costs" in the supplemental schedules of FCX's 3Q21 press release, which is available on FCX's website. 28
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