Reported 1 day ago
Freeport-McMoRan has revised its first-quarter gold sales forecast downward by approximately 100,000 ounces, due to shipment delays in Indonesia affecting production. The company faced challenges after a fire damaged its smelter but has resumed concentrate exports following recent regulatory approvals. Copper prices, however, are expected to rise to around $4.40 per pound, up from $3.94 a year prior, with quarterly results scheduled for release on April 25.
Source: YAHOO