Freeport-Mcmoran Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
July 21, 2021
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Freeport-McMoRan Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported Revenue was $5,748 million against $3,054 million a year ago. Operating income was $2,067 million against $321 million a year ago. Net income was $1,331 million against $124 million a year ago. Diluted net income per share was $0.73 against $0.03 a year ago.
For the six months, the company reported Revenue was $10,598 million against $5,852 million a year ago. Operating income was $3,599 million against operating loss of $152 million a year ago. Net income was $2,284 million against net loss of $425 million a year ago. Diluted net income per share was $1.21 against diluted net loss per share of $0.3 a year ago.
Freeport-McMoRan Inc. specializes in the exploration and operation of copper and gold mines located primarily in the United States, Peru, Chile, Indonesia and Congo. Net sales break down by family of products as follows:
- copper (74.6%): refined copper and copper concentrates (4.1 billion ounces sold in 2023);
- gold (14.5%): 1,713,000 ounces sold;
- molybdenum (8.4%): 1.3 billion ounces sold;
- other (2.5%).
Net sales are distributed geographically as follows: the United States (31.8%), Switzerland (17.4%), Japan (15%), Spain (5.5%), Singapore (5.1%), China (4.7%), Indonesia (3.3%), Germany (3.1%), Chile (1.9%), the United Kingdom (0.7%), and other (11.5%).