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Stock Market & Financial Investment News

News Breaks
January 22, 2014
10:34 EDTFCXFreeport McMoRan sees copper sales growing to 5B in 2015, 5.7B in 2016
Freeport estimates copper sales steadily rising during 2013 to 2016 time-frame, from 4.1B in 2013, to 4.4B in 2014, to 5.0B in 2015 and 5.7B in 2016. Sees gold sales growing in 2014 to 1.7M ounces from 1.2M ounces in 2013. Sees 2015 gold sales declining to 1.4M ounces before rising to 3.0M ounces in 2016. Sees molybdenum sales growing to 95M pounds in 2014, to 98M pounds in 2015 and to 100M pounds in 2016. Sees 61 MMBOE of oil and gas sales in 2014, growing to 68 MMBOE in 2015 and 81 MMBOE in 2016. Freeport says copper and gold sales estimates assume not changes to PT-FI's planned concentrate shipments and that outlook will be updated as export approvals are obtained. Production estimates in slides for Q4 earnings call.
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December 16, 2014
11:05 EDTFCXMorgan Stanley sees a short-term trading opportunity in Freeport McMoRan
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