FCX Conference Call 3rd Quarter 2023 Results
Annual Sales Profile
October 2023 Estimate
Copper 5.00
Sales
(billion lbs)
4.00
3.00
2.00
1.00
0.00
4.06
2023e*
4.2
2024e*
FREEPORT FOREMOST IN COPPER
4.2
2025e
NOTE: Consolidated copper sales include 1.3 bn lbs in 2023e, 1.4 bn lbs in 2024e and 1.36 bn lbs in 2025e
for noncontrolling interests; excludes purchased copper.
Gold
Sales
(million ozs)
2
Moly
Sales
(million lbs)
1
0
100
75
2023e*
2024e*
2025e
NOTE: Consolidated gold sales include 826k ozs in 2023e, 922k ozs in 2024e and 820k ozs
in 2025e for noncontrolling interests.
50
25
1.74
0
1.8
2023e
85
80
m
THE POWER OF
COPPER
2024e
1.6
90
2025e
Estimates assume deferrals of ~100 mm lbs of copper and ~180k ozs of gold in 2023 related to production deferred in inventory until final sale associated with PT-FI's tolling arrangement with PT Smelting
(effective January 2023) and -90 mm lbs of copper and ~80k ozs of gold in 2024 related to PT-FI's Manyar smelter (expected to be commissioned in 2024).
e = estimate. See Cautionary Statement.
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