Reports Q1 revenue $6.32B, consensus $5.66B. Consolidated production totaled 1.1B pounds of copper, 549,000 ounces of gold and 18M pounds of molybdenum in first-quarter 2024. Richard Adkerson, chairman and CEO, said, “During my 20-year tenure as CEO, our team has established Freeport as a global leader in the metals industry, with a strategic focus of being Foremost in Copper. We have a solid foundation for the future, with a high-quality portfolio of large-scale producing assets, an attractive pipeline of future growth options, an exceptionally talented and committed team and a high-performance culture. My passion for Freeport and our future prospects has never been stronger. As Chairman, I look forward to supporting Kathleen in the upcoming CEO transition and to contributing to achieving our business objectives on strategic matters of significance.”
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