Q2 copper sales rose 1.8% Y/Y, and gold sales fell 8%, while FCX sold 16M boe, up from 5M last year which only included one month of operations.
Average realized prices for copper and gold fell from a year earlier.
Cash production costs for oil and gas operations of $19.57/boe were higher than the $16.58/boe a year ago mostly because of higher operating costs in California.
Says it expects to sign a deal with the Indonesian government “imminently” to resume exports of partly processed ore from the country, where it operates its Grasberg mine.
FCX -0.3% premarket.