The company said net income attributable to common stock for Q4 2023 was $388 million ($0.27 per share), down from Q4 2022 $697 million, and full-year 2023 net income was $1,848 million, compared with $3,468 million in 2022.

1. 01

   The company said net income attributable to common stock for Q4 2023 was $388 million ($0.27 per share), down from Q4 2022 $697 million, and full-year 2023 net income was $1,848 million, compared with $3,468 million in 2022.

2. 02

   The company said copper sales volumes for Q4 2023 were 1.1 billion pounds, 7% higher than 1.04 billion pounds in Q4 2022, and that unit net cash costs per pound of copper were $1.52, below the estimate of $1.58 it gave in October 2023.

3. 03

   Freeport-McMoRan said it expects consolidated copper sales for 2024 to be about 4.1 billion pounds, average unit net cash costs of $1.60 per pound, and operating cash flows of about $5.8 billion, based on price assumptions of $3.75 per pound of copper.

4. 04

   The company said progress on the Indonesia smelter projects exceeded 90% at the end of 2023, and that PT-FI was assessed export duties of $307 million in the second half of 2023 under the revised regulation ($160 million in Q4).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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