Despite Gold Prices Rallying, Why Is Freeport-McMoRan Set To Lose >60% Of Its Gold Revenue?
- Monday, November 11, 2019, 7:14
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Though global gold prices have witnessed a healthy increase from about $1,200 per ounce in the beginning of 2019 to over $1,500/ounce in October 2019, Freeport-McMoRan (NYSE: FCX) is expected to see its revenue from gold sales decrease by more than 60% in 2019, primarily driven by a 67% decline…
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