Freeport-McMoRan Copper & Gold Inc’s Profits, Production Fall

Reuters reported that Freeport-McMoRan Copper & Gold Inc’s Q3 profits plummeted, and failed to meet analyst estimates.

As quoted in the market report:

Freeport trimmed its forecast for gold production this year but said it expects a big jump in both gold and copper output next year, when it will be mining higher-grade ores at Grasberg.

To view the whole Reuters report, click here.