Freeport Lowers Forecast for Copper, Gold Sales in 2016-Shanghai Metals Market

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Freeport Lowers Forecast for Copper, Gold Sales in 2016

Company News 03:03:16PM Oct 26, 2016 Source:SMM

SHANGHAI, Oct. 26 (SMM) - Freeport-McMoRan Copper & Gold Inc. lowered its forecast for copper and gold sales in 2016 to 4.8 billion pound and 1.26 million ounce, respectively, from 56 billion pound and 1.70 million ounce expected previously, according to wenhua.com.

The company said its net profit in Q3 was $217 million in the third quarter of the year ending September 30, compared to 3.83 billion losses in the same period of last year. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Key Words:  Freeport   copper   gold    

Freeport Lowers Forecast for Copper, Gold Sales in 2016

Company News 03:03:16PM Oct 26, 2016 Source:SMM

SHANGHAI, Oct. 26 (SMM) - Freeport-McMoRan Copper & Gold Inc. lowered its forecast for copper and gold sales in 2016 to 4.8 billion pound and 1.26 million ounce, respectively, from 56 billion pound and 1.70 million ounce expected previously, according to wenhua.com.

The company said its net profit in Q3 was $217 million in the third quarter of the year ending September 30, compared to 3.83 billion losses in the same period of last year. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Key Words:  Freeport   copper   gold