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Chris Markoch

Freeport-McMoRan: Grasberg Restarts, Now the Real Work Begins

Freeport FCX copper Gold MarketBeat

Mining stocks can be complex investments. But the structural case for Freeport-McMoRan Inc. (NYSE: FCX) heading into earnings was straightforward. Unfortunately, that’s why FCX shot down over 12% after delivering its report.

The issue is the company’s Grasberg mine in Indonesia. Investors will remember that a mud rush at the mine forced a suspension of operations. 

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