|
Highlight
l
Consolidated
sales
totaled 906 million pounds of copper, 317 thousand ounces of gold and 22
million pounds of molybdenum in fourth-quarter 2019, and 3.3 billion
pounds of copper, 991 thousand ounces of gold and 90 million pounds of
molybdenum for the year 2019.
l
Consolidated
sales
for the year 2020 are expected to approximate 3.5 billion pounds of
copper, 0.8 million ounces of gold and 88 million pounds of molybdenum,
including 725 million pounds of copper, 105 thousand ounces of gold and 22
million pounds of molybdenum in first-quarter 2020. Sales are expected to
increase to 4.3 billion pounds of copper and 1.4 million ounces of gold in
2021.
l
Average
realized prices in fourth-quarter 2019 were
$2.74 per pound for copper, $1,491 per ounce for gold and $11.65 per pound
for molybdenum.
l
Average unit
net cash costs in fourth-quarter 2019 were
$1.67 per pound of copper and $1.74 per pound of copper for the year 2019.
Unit net cash costs are expected to average $1.75 per pound of copper for
the year 2020.
Summary
Operating Data
|
|
Three Months Ended December 31,
|
Years Ended December 31,
|
|
2019
|
2018
|
2019
|
2018
|
|
Copper (millions of recoverable
pounds)
|
|
|
|
|
|
Production
|
827
|
841
|
3,247
|
3,813
|
|
Sales, excluding purchases
|
906
|
785
|
3,292
|
3,811
|
|
Average realized price per pound
|
$2.74
|
$2.75
|
$2.73
|
$2.91
|
|
Site production and delivery costs
per pound
|
$2.12
|
$1.98
|
$2.15
|
$1.76
|
|
Unit net cash costs per pound
|
$1.67
|
$1.54
|
$1.74
|
$1.07
|
|
Gold (thousands of recoverable
ounces)
|
|
|
|
|
|
Production
|
223
|
334
|
882
|
2,439
|
|
Sales, excluding purchases
|
317
|
266
|
991
|
2,389
|
|
Average realized price per ounce
|
$1,491
|
$1,255
|
$1,415
|
$1,254
|
|
Molybdenum (millions of recoverable
pounds)
|
|
|
|
|
|
Production
|
21
|
26
|
90
|
95
|
|
Sales, excluding purchases
|
22
|
24
|
90
|
94
|
|
Average realized price per pound
|
$11.65
|
$12.75
|
$12.61
|
$12.50
|
Source:
Freeport-McMoRan
|
(To contact the reporter on this story: jemma.shang@steelhome.cn or 86-555-2238875 18155520624) |
