Freeport 3d-qtr. income, sales decline
Oct 22, 2012 | 04:49 PM
| Barbara O'Donovan
NEW YORK Freeport McMoRan Copper & Gold Inc.s net income fell 21.7 percent in the third quarter as copper and gold sales decreased due to lower ore grades at its Grasberg Mine in Indonesia.
Net income at the Phoenix-based company was $824 million in the quarter ended Sept. 30, down from $1.1 billion in the year-ago period, as consolidated copper and gold sales declined to 922 million pounds and 202,000 ounces, respectively, from 947 million pounds and 409,000 ounces in the same period of 2011, the company said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.