Freeport-McMoRan Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported operating loss of $4,100 million, net loss of $4,094 million, net loss attributable to FCX common stock was $4,081 million or $3.47 diluted loss per share on revenues of $3,795 million against operating loss of $3,299 million, net loss of $2,735 million, net loss attributable to FCX common stock was $2,852 million or $2.75 diluted loss per share on revenues of $5,235 million for the same period a year ago. Operating cash flows totaled $612 million for fourth-quarter 2015. Capital expenditures totaled $1.3 billion for fourth-quarter of 2015 (including $0.6 billion for major projects at mining operations and $0.5 billion for oil and gas operations).

For the year, the company reported operating loss of $13,382 million, net loss of $12,089 million, net loss attributable to FCX common stock was $12,236 million or $11.31 diluted loss per share on revenues of $15,877 million against operating income of $97 million, net loss of $745 million, net loss attributable to FCX common stock was $1,308 million or $1.26 diluted loss per share on revenues of $21,438 million for the same period a year ago. Net cash provided by operating activities was $3,220 million against $5,631 million for the same period a year ago. Capital expenditures totaled $6.35 billion for the year 2015 (including $2.4 billion for major projects at mining operations and $3.0 billion for oil and gas operations).

For the quarter, the company reported copper production of 1,122 million of recoverable pounds against 998 million of recoverable pounds a year ago. Gold production was 350,000 of recoverable ounces against 368,000 of recoverable ounces a year ago. Molybdenum production was 20 million of recoverable pounds against 22 million of recoverable pounds a year ago.

For the year, the company reported copper production of 4,017 million of recoverable pounds against 3,904 million of recoverable pounds a year ago. Gold production was 1,257,000 of recoverable ounces against 1,214,000 of recoverable ounces a year ago. Molybdenum production was 92 million of recoverable pounds against 95 million of recoverable pounds a year ago.

The company estimates consolidated operating cash flows of $3.4 billion (net of approximately $0.6 billion in idle rig costs) and capital expenditures of $3.4 billion for the year 2016.

The company estimates consolidated operating cash flows of $3.5 billion (net of approximately $0.4 billion in idle rig costs) and capital expenditures of $2.3 billion for the year 2017.