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Freeport-McMoRan (FCX) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2026-01-22 17:01
Core Insights - Freeport-McMoRan reported $5.63 billion in revenue for Q4 2025, a year-over-year decline of 1.5%, but exceeded the Zacks Consensus Estimate of $5.18 billion by 8.84% [1] - The company achieved an EPS of $0.47, up from $0.31 a year ago, representing a surprise of 67.98% compared to the consensus estimate of $0.28 [1] Financial Performance Metrics - Gold sales on a consolidated basis reached 80.00 Koz, surpassing the average estimate of 55.09 Koz [4] - Total net cash cost per pound of copper was $2.22, lower than the estimated $2.45 [4] - Gold sales in Indonesia were 75.00 Koz, exceeding the average estimate of 49.47 Koz [4] - Copper sales in Indonesia (Grasberg) totaled 112.00 Mlbs, significantly higher than the estimated 20.43 Mlbs [4] - Revenues from Indonesia were reported at $960 million, a decline of 57.3% year-over-year, compared to the average estimate of $303.61 million [4] - Molybdenum revenues were $220 million, a 24.3% increase year-over-year, below the average estimate of $297.1 million [4] - Revenues from South America copper mines reached $1.62 billion, a 34.2% increase year-over-year, exceeding the average estimate of $1.47 billion [4] - North America copper mines generated $2.1 billion in revenue, a 30.4% year-over-year increase, above the average estimate of $1.9 billion [4] - Rod & Refining revenues were $1.77 billion, a 20.9% year-over-year increase, compared to the average estimate of $1.66 billion [4] - Atlantic Copper Smelting & Refining revenues were $820 million, a 20.8% year-over-year increase, exceeding the average estimate of $725.1 million [4] - Corporate, other & eliminations reported a revenue of -$1.86 billion, worse than the average estimate of -$1.39 billion, but a year-over-year change of +12% [4] Stock Performance - Freeport-McMoRan shares returned +16.7% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Freeport-McMoRan(FCX) - 2025 Q4 - Earnings Call Transcript
2026-01-22 16:02
Freeport-McMoRan (NYSE:FCX) Q4 2025 Earnings call January 22, 2026 10:00 AM ET Company ParticipantsMareé Robertson - EVP and CFOKathleen Quirk - President and CEORichard Adkerson - Chairman of the BoardTimna Tanners - Managing Director of Equity ResearchLiam Fitzpatrick - Managing Director and Head of European Metals and MiningDavid Joint - VP of Investor RelationsMark Johnson - President and COOBrian MacArthur - Managing DirectorConference Call ParticipantsBob Brackett - SVP and Senior Research AnalystKatj ...
Solitario Adds Bright Angel Gold - Copper Project, Further Diversifying Its Property Portfolio
Accessnewswire· 2026-01-22 13:30
DENVER, CO / ACCESS Newswire / January 22, 2026 / Solitario Resources Corp. ("Solitario" or the "Company") (NYSE American:XPL)(TSX:SLR) is pleased to announce that it has acquired the Bright Angel copper-gold project in Colorado. At Bright Angel, mineralized porphyry stockwork contains significant values of gold and copper, with minor silver values. ...
Torr Metals Advances Bertha into a Multi-Porphyry Cu-Au District with Second Permitted Porphyry Target
TMX Newsfile· 2026-01-22 13:30
Edmonton, Alberta--(Newsfile Corp. - January 22, 2026) - Torr Metals Inc. (TSXV: TMET) ("Torr" or the "Company") is pleased to outline a new, highly prospective porphyry-style copper-gold target, Bertha North, located approximately 1.7 kilometres northwest of the Bertha Zone (Figure 1) within the Company's 332 km² Kolos Copper-Gold Project in south-central British Columbia. The recognition of the Bertha North porphyry target following recent 3D modelling of the 2025 induced polarization (IP) survey materia ...
Riverside Resources and Questcorp Chip-Channel Sample High Grade Gold-Silver 30m @ 20 g/t Gold and 226 g/t Silver and Announce Drill Results from Union Project
TMX Newsfile· 2026-01-22 08:05
Core Insights - Riverside Resources Inc. and Questcorp Mining Inc. reported high-grade results from the Union Mine area, including 20.2 g/t Au and 226 g/t Ag with 2.7% Zn over a 30 m continuous chip-channel sampling [1][4][5] - The results from the Phase 1 drill program indicate successful intersections of CRD-style mineralization across multiple target areas, reinforcing the potential for further exploration [3][5][21] Chip-Channel Sampling and Drill Results - The chip-channel sampling at the Union Mine returned significant grades, supporting the potential for follow-up exploration and drilling from both surface and upper mine workings [4][5] - The full assay results from the 30 m channel sampling indicate a total of 202 g of gold, 2,257 g of silver, and 26,720 g of zinc [6][20] - The Phase 1 drill program included 12 holes, with the final six holes reporting positive results across the Union Mine, Union Norte, and El Cobre target areas [5][20] Geological Context and Comparisons - The mineralization found at the Union Project is comparable to the CRD systems in the region, particularly the Hermosa Project, where South32 is investing significantly [4][5] - The sediment-hosted gold indicators found in the Union Mine area suggest potential for further discoveries, similar to those in Nevada's Carlin deposits [15][22] Future Exploration Plans - The companies plan to initiate a Phase 2 exploration program in the first half of 2026, which will include follow-up drilling and additional geophysical and geochemical studies [23][25] - The Luis Hill target has shown promising results, indicating the potential for a major new discovery in Mexico, with further drilling planned to explore this area [15][16][24] Company Background - Riverside Resources Inc. is a well-funded exploration company with a strong portfolio of gold-silver and copper assets, holding over C$6,000,000 in cash and no debt [29]
Why is gold price still rising and will it continue to increase more than $4,778? Here's what investors should do now
The Economic Times· 2026-01-21 22:56
Why is gold price still rising and will it continue to increase more than $4,778 has become a major question for investors and global markets. Why is gold price still rising and will it continue to increase more than $4,778 amid record highs?Why is gold price still rising and will it continue to increase more than $4,778 can be linked to safe-haven demand and policy signals. Spot gold rose 0.3% to $4,778.51 per ounce by 3:10 p.m. ET after hitting an all-time high of $4,887.82 earlier in the session. U.S. go ...
Nexa Resources Provides Update on Atacocha Mine Operation
TMX Newsfile· 2026-01-21 21:11
Luxembourg, Luxembourg--(Newsfile Corp. - January 21, 2026) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa" or the "Company") informs that production at the Atacocha San Gerardo open pit mine is temporarily suspended.The Joraoniyoc community has illegally blocked the road access to the mine due to protest activities, and although there is no material impact on Atacocha's production to date, mine production has been suspended, and activities are limited to critical operations with a minimum wor ...
Rio Tinto reports 8% increase in 2025 copper production
Yahoo Finance· 2026-01-21 13:39
Rio Tinto has announced an 8% year-on-year (YoY) increase in copper equivalent production for 2025, with shipments rising by 5%. This growth was largely driven by the successful ramp-up of the Oyu Tolgoi project. In the fourth quarter of 2025 (Q4 2025), Pilbara iron ore operations reported a record 4% production increase and 7% rise in shipments YoY. The Simandou project also saw rapid progress, with operations commencing and the first shipment dispatched in Q4. Rio Tinto's aluminium sector reported s ...
BHP CEO Says Copper Demand Is 'Ubiquitous'
Yahoo Finance· 2026-01-21 13:05
Core Viewpoint - BHP CEO Mike Henry emphasizes the strong and widespread demand for copper in metal markets, highlighting its significance in the company's portfolio and the copper flows in the US [1] Group 1: Metal Markets - The demand for copper is described as "ubiquitous," indicating its essential role in various industries and economic activities [1] - The discussion took place during the World Economic Forum's annual meeting in Davos, Switzerland, suggesting the global importance of the topic [1] Group 2: Company Portfolio - BHP's portfolio is strategically aligned to capitalize on the increasing demand for copper, reflecting the company's focus on this critical metal [1] - The CEO's insights on copper flows in the US indicate a targeted approach to understanding market dynamics and supply chain considerations [1]
NorthWest Reports Significant Improved Recoveries for Gold at Kwanika Ranging from 94.6%-96.3%
Globenewswire· 2026-01-21 11:30
TORONTO, Jan. 21, 2026 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (“NorthWest” or the “Company”) (TSX-V: NWST) is pleased to report successful results from its 2025 metallurgical program at its Kwanika project, adding to the positive results from the 2025 drilling. The program tested higher-grade1 zones and demonstrated material improvements in recoveries of 34% for gold and 37% for silver. These results will be reflected in an updated mineral resource at Kwanika in the first quarter followed by a new Preli ...