Form 8-K · Current report
Freeport-McMoRan 8-K, filed Oct 2, 2026
- Filed
- CIK
- 0000831259
- Accession no.
- 0000831259-26-000043
Summary
Freeport-McMoRan reported third-quarter 2026 consolidated copper production of approximately 830 million pounds and gold production of approximately 230 thousand ounces, both in line with expectations, while timing changes at PT Freeport Indonesia deferred roughly 60 thousand ounces of refined gold sales from the third quarter into the fourth. The company said the phased ramp-up of the Grasberg Block Cave underground mine continued and that PTFI's smelter in Eastern Java restarted in late August 2026 after its suspension following the September 2025 Grasberg incident.
Key points
- Third-quarter 2026 consolidated copper sales are expected to approximate the July 2026 estimate of 750 million pounds, while gold sales are expected to be about 100 thousand ounces, below the July estimate.
- Unit net cash costs for the quarter are expected to be about 5% above the July 2026 estimate of $2.00 per pound of copper, largely on lower by-product credits from deferred gold sales.
- Mill throughput at Grasberg averaged about 140,000 metric tons of ore per day in the quarter, roughly 67% of pre-incident normalized rates, and FCX reiterated its target of reaching 80% of capacity in mid-2027 and near full capacity by year-end 2027.
- FCX said it aims to reach an investment decision by year-end 2026 on doubling capacity at its Bagdad operation in Arizona and is advancing the regulatory process for a potential expansion of the El Abra mine in Chile.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition. Freeport-McMoRan Inc. issued a press release dated October 2, 2026, providing a third-quarter 2026 operational update. A copy of the press release is furnished hereto as Exhibit 99.1. Item 7.01. Regulation FD Disclosure. See Item 2.02, which is incorporated herein by reference. The information furnished pursuant to Item 2.02 and Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the…
An excerpt of the text as filed with the SEC, cut for length.
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