Freeport's net income jumps 16.1% to $743M in 4th qtr.

Jan 22, 2013 | 04:13 PM | Suzy Waite

Tags  Freeport-McMoRan Copper & Gold, copper, gold, molybdenum, Richard Adkerson, Grasberg Mine, Morenci Mine, Chino Mine Suzy Waite

NEW YORK — Freeport-McMoRan Copper & Gold Inc.’s net income jumped 16.1 percent to $743 million in the fourth quarter from $640 million in the same period a year earlier on sales that climbed 8.4 percent to more than $4.51 billion.

Consolidated copper sales for the three months ended Dec. 31 increased 18.1 percent to 972 million pounds from 823 million pounds, gold sales soared 91 percent to 254,000 ounces from 133,000 ounces and molybdenum sales rose 10.5 percent to 21 million pounds from 19 million pounds, the Phoenix-based company said.....





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