Gold mid-tiers’ Q3 2024 fundamentals
All-time-high gold prices combined with relatively-contained costs catapulted unit earnings to another epic record.
Freeport-McMoRan’s 2012 net profit witnessed a decrease of 32% compared to 2011 due to a decline in the production of gold recently announced by the company.
However, industry experts believe that the company will reach a net profit of USD 4.47 billion in 2013, an increase of 45% compared to this year.
Experts estimate that the company will pay USD 1.25 per share in 2012, USD 0.25 less than 2011.
Source (Spanish): El Economista via BrightWire News.
