Freeport-McMoran Copper & Gold (FCX) updates its Q4 forecast following the settlement of a...

|By:, SA News Editor

Freeport-McMoran Copper & Gold (FCX) updates its Q4 forecast following the settlement of a strike with workers in Indonesia. The firm lowers its estimate for consolidated sales in Q4 to 800M pounds of copper and 105K ounces of gold, from previous guidance of 915M and 305K ounces, respectively. Shares -0.8% premarket.