Freeport McMoRan Shares Slip as Fatal Mine Incident at Grasberg Offsets Major Earnings Beat

Freeport-McMoRan beat quarterly earnings estimates on high metal prices but faces production drops after a fatal mine incident. Output should recover by July.

Insights:
Freeport-McMoRan Inc. reported fourth-quarter 2025 adjusted earnings on Thursday that significantly exceeded analyst expectations, though shares fell as production issues at its flagship mine weighed on investor sentiment. The company posted earnings of 47 cents per share, surpassing the Wall Street consensus of 29 cents per share. Despite the earnings beat, Freeport-McMoRan Inc.stock was down 1.5% at $59.70 in premarket trading. The decline reflects concerns over the Grasberg mine in Indonesia IDID, where a fatal incident on September 8, 2025, has severely hampered output of Copper and Gold .
The logo of copper miner Freeport-McMoRan Inc is displayed on their offices in Phoenix, Arizona, U.S., June 30, 2022. REUTERS/Ernest Scheyder
The logo of copper miner Freeport-McMoRan Inc is displayed on their offices in Phoenix, Arizona, U.S., June 30, 2022. REUTERS/Ernest Scheyder
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