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    Freeport-McMoRan Copper & Gold (NYSE: FCX) Announces Q4 and Year 2012 Financials

    February 05 Feb 2013 | 10:34
     

    crwenews

    fcx Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)

    FCX (“Freeport-McMoRan”) previously stated Q4 2012 net income attributable to common stock of $743 million, $0.78 per share, compared with $640 million, $0.67 per share, for fourth-quarter 2011. Fourth-quarter 2012 net income included a net credit of $40 million ($0.04 per share) associated with adjustments to environmental obligations and related litigation reserves and a gain for insurance recoveries, partly offset by charges for labor agreement costs at Candelaria and for costs associated with the PXP and MMR transactions. Fourth-quarter 2011 net income included a net charge of $73 million ($0.08 per share) associated with adjustments to environmental obligations and related litigation reserves and bonuses for new labor agreements and other employee costs at PT Freeport Indonesia, Cerro Verde and El Abra. For the year 2012, FCX (“Freeport-McMoRan”) reported net income attributable to common stock of $3.0 billion, $3.19 per share, compared with $4.6 billion, $4.78 per share, for the year 2011.

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    For more information on Freeport-McMoRan Copper & Gold visit www.fcx.com

    In my opinion this is a stock to watch!

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