Copper production boosts FreePort-McMoRan results past Wall Street expectations

FreePort-McMoRan Inc.’s stock rose 6.3% on Wednesday after the mining giant’s fourth-quarter profit and revenue beat Wall Street projections, with its copper volumes exceeding its earlier estimate.FreePort-McMoRan FCX, +4.83% also said it expects to produce more gold in 2024, while its copper production will remain flat.The company said its fourth-quarter earnings for the three months that ended Dec. 31 fell to $388 million, or 27 cents a share, from$697 million, or 48 cents a share, in the year-ago quarte ...