Freeport-McMoRan Copper & Gold Inc. - FCX.n


Freeport-McMoRan Copper & Gold Inc. - FCX.n is the world's largest publicly traded copper company.

The company produced 3.65 billion pounds copper at an average realized price of $3.60 per pound, compared with 2011 sales of 3.70 billion pounds at an average realized price of $3.86 per pound.

On April 18, 2013 the company released Numbers

"Freeport-McMoRan Copper & Gold Inc. Reports First-Quarter 2013 Results

Net income attributable to common stock for first-quarter 2013 was $648 million, $0.68 per share, compared with net income of $764 million, $0.80 per share, for first-quarter 2012. Consolidated sales from mines for first-quarter 2013 totaled 954 million pounds of copper, 214 thousand ounces of gold and 25 million pounds of molybdenum, compared with 827 million pounds of copper, 288 thousand ounces of gold and 21 million pounds of molybdenum for first-quarter 2012. Consolidated sales from mines for the year 2013 are expected to approximate 4.3 billion pounds of copper, 1.4 million ounces of gold and 92 million pounds of molybdenum, including 1.0 billion pounds of copper, 295 thousand ounces of gold and 23 million pounds of molybdenum for second-quarter 2013.

Consolidated unit net cash costs (net of by-product credits) averaged $1.57 per pound of copper for first-quarter 2013, compared with $1.26 per pound for first-quarter 2012. Based on current 2013 sales volume and cost estimates and assuming average prices of $1,400 per ounce for gold and $11 per pound for molybdenum for the remainder of 2013, consolidated unit net cash costs (net of by-product credits) are estimated to average approximately $1.45 per pound of copper for the year 2013."

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