Annual metal production falls slightly in comparison to the 2020 feasibility study .

Turkey was also the biggest buyer of gold among central banks last year.

The mine typically produces nearly 5 million pounds of copper concentrate and 5,000 ounces of gold daily.

The partnership would fall under the MINER program funded by the DOE via the Advanced Research Projects Agency.

The all-scrip deal values ATAC at $18.7 million.

The updated measured and indicated resource totalled 1.35 million gold ounces, representing a 20% increase over the previous estimate.

Freeport now expects its Q1 sales to be lower than the previous outlook of 900 million pounds of copper and 300,000 ounces of gold.

All-in sustaining costs (AISC) jumped by a third in the last four quarters at top miners Barrick and Newmont.