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Freeport to Suspend Cash Dividend, Aims to Boost Cash Flows

YAHOO! - 3/25/2020 12:17:00 AM
Moreover, Freeport stated that the revised operating plans may lead to a temporary reduction in copper and molybdenum production in the Americas, which are witnessing low commodity prices. The company is expected to report its revised operating and financial plans along with first-quarter 2020 results in April. Per management, given the sharp ...

Global Wrap: COVID-19, Endeavour and more

MiningNews.net - 3/26/2020 10:47:00 PM
This could translate into temporary reductions in copper and molybdenum output at its higher-cost operations in the Americas, increasingly under pressure from low commodity prices. Freeport expects to complete its review "promptly" and will report revised operating and financial plans with its first-quarter results in April. "The prudent steps ...

Freeport-McMoRan Announces Suspension of First-Quarter Cash Dividend on Common Stock and Prudent Steps to Reduce Costs and Capital Spending Plans

YAHOO! - 3/24/2020 6:47:00 AM
Freeport-McMoRan Inc. (NYSE: FCX) announced today that in response to the COVID-19 pandemic and resulting global economic uncertainties, its Board of Directors will suspend the quarterly cash dividend of $0.

Thor Mining Bullish On Molyhil Despite Covid-19 Commodity Price Slip

London South East - 3/13/2020 11:43:00 AM
(Alliance News) - Thor Mining PLC on Friday reported a widened first half loss but said that its Molyhil tungsten project in Australia is "well positioned" despite commodity prices falling ...

Freeport-McMoRan To Reduce Costs, Capital Spending; Suspends Q1 Dividend

Nasdaq - 3/23/2020 12:35:00 PM
(RTTNews) - Mining company Freeport-McMoRan Inc. (FCX) announced Monday that in response to the coronavirus (COVID-19) pandemic and resulting global economic uncertainties, its Board of Directors will suspend the quarterly cash dividend of $0.

Freeport McMoRan suspends dividend, could cut production

Seeking Alpha - 3/23/2020 12:25:00 PM
pre-market after suspending its quarterly dividend of $0.05/share planned for May 1 and targeting "aggressive" cuts in costs and capital spending, in response

Freeport-McMoRan Provides Update on Cerro Verde Mine in Peru

Arizona Daily Star - 3/26/2020 3:25:00 PM
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) announced today that the Peruvian Government has extended the declaration of a National Emergency to April 12, 2020, associated with the Per

Freeport-McMoRan Announces Suspension of First-Quarter Cash Dividend on Common Stock and Prudent Steps to Reduce Costs and Capital Spending Plans

Business Wire - 3/23/2020 9:50:00 PM
Revised operating plans may result in temporary reductions in copper and molybdenum production at operations in the Americas that are challenged by low commodity prices. FCX expects to complete ...