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

Freeport-McMoRan Inc. FCXreported 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 ID, where a fatal incident on September 8, 2025, has severely hampered output of Copper HGand Gold GC.