Freeport-McMoRan Beats Q3 Estimates on Higher Copper, Gold Prices

Mining giant Freeport-McMoRan posted higher third-quarter revenue and beat estimates, lifted by rising prices of copper and gold.

Mining company Freeport-McMoRan beat analyst estimates in the third quarter, financial news websites Investing.com and TradingView reported.

According to the reports, the company's revenue rose driven by higher prices for copper and gold in global markets. While Investing.com noted that the firm surpassed quarterly estimates on the back of metal prices, TradingView highlighted revenue growth fueled specifically by higher copper prices.

Full financial figures and exact data regarding the company's operational results for the quarter have not yet been released.