Tranche Update on Freeport-McMoRan Inc.'s Equity Buyback Plan announced on December 4, 2007.
February 24, 2017 at 06:07 pm
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From October 1, 2016 to December 31, 2016, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 6,314,500 shares, representing 0.82% for $499.86 million under the buyback announced on December 4, 2007.
Freeport-McMoRan Inc. specializes in the exploration and operation of copper and gold mines located primarily in the United States, Peru, Chile, Indonesia and Congo. Net sales break down by family of products as follows:
- copper (74.6%): refined copper and copper concentrates (4.1 billion ounces sold in 2023);
- gold (14.5%): 1,713,000 ounces sold;
- molybdenum (8.4%): 1.3 billion ounces sold;
- other (2.5%).
Net sales are distributed geographically as follows: the United States (31.8%), Switzerland (17.4%), Japan (15%), Spain (5.5%), Singapore (5.1%), China (4.7%), Indonesia (3.3%), Germany (3.1%), Chile (1.9%), the United Kingdom (0.7%), and other (11.5%).