Precious Metals & Mining Sector aims to rebound in 2014 as leaders expand operations & production: DNA Precious Metals Inc. (OTCQB: DNAP), Vale S.A. (NYSE: VALE), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Avino Silver & Gold Mines Ltd. (NYSE: ASM) and EnCana Corp. (NYSE: ECA) DNA Precious Metals Inc. (OTCQB: DNAP) is pleased to announce that it has answered all comments to date from the Quebec Ministry of [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): Net income attributable to common stock for fourth-quarter 2013 totaled $707 million, $0.68 per share, compared with net income of $743 million, $0.78 per share, for fourth-quarter 2012. Net income attributable to common stock for the year 2013 totaled $2.7 billion, $2.64 per share, compared with $3.0 billion, $3.19 per share, for the year 2012. Consolidated sales for [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today that it has entered into restructured employment arrangements with its President and Chief Executive Officer, Richard C. Adkerson. FCX and Mr. Adkerson have mutually agreed to terminate Mr. Adkerson’s employment agreement, including Mr. Adkerson’s rights to any specified salary, bonus or other compensation amounts, rights to severance or change-of-control [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on February 3, 2014 to holders of record as of January 15, 2014 for its common stock. FCX is a premier U.S.-based natural resource company with an industry leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world’s largest publicly traded [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today the appointment of Lydia H. Kennard and Frances Fragos Townsend to its Board of Directors. Lydia H. Kennard, age 59, has over 30 years of executive and operational experience in aviation, construction management and real estate development. She is the President and CEO of KDG Construction Consulting, a provider of project and construction management [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX): Net income attributable to common stock totaled $821 million, $0.79 per share for third-quarter 2013, compared with net income of $824 million, $0.86 per share, for third-quarter 2012. Net income attributable to common stock for the first nine months of 2013 totaled $2.0 billion, $1.96 per share, compared with $2.3 billion, $2.41 per share, for the first nine months of [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today a notice to redeem on November 15, 2013 at par all of the outstanding McMoRan Exploration Co. 11.875% Senior Notes due 2014 (“Notes”). Approximately $299.2 million aggregate principal amount of Notes is currently outstanding. Holders of record will receive the principal amount together with accrued and unpaid interest from May 15, 2013 to the redemption [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on November 1, 2013 to holders of record as of October 15, 2013 for its common stock. FCX is a premier U.S.-based natural resource company with an industry leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world’s largest publicly traded [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today with great sadness that co-founder B.M. “Mack” Rankin, Vice Chairman and a member of its Board of Directors, died yesterday at the age of 83 after a courageous battle with cancer. Mr. Rankin co-founded McMoRan Oil & Gas Co. in 1969 with James R. Moffett and W. K. McWilliams (deceased). In 1981, McMoRan merged with Freeport Minerals Company to form one of the [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) During second-quarter 2013, FCX completed its $19 billion acquisitions of Plains Exploration & Production Company (PXP) and McMoRan Exploration Co. (MMR), creating a premier U.S.-based natural resource company. FCX's second-quarter 2013 financial results include PXP's operations beginning June 1, 2013, and MMR's operations beginning June 4, 2013. Net income attributable [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on August 1, 2013 to holders of record as of July 15, 2013 for its common stock. FCX is a premier U.S.-based natural resource company with an industry le ...
Freeport-McMoRan Copper & Gold announced today that its Board of Directors has appointed Gerald J. Ford to the newly created position of lead independent director effective June 25, 2013. Mr. Ford was elected to FCX’s Board in 2000, and will continue to serve on the Board’s Audit and Nominating and Corporate Governance Committees. Mr. Ford is the principal shareholder and Chairman of the Board of Hilltop Holdings Inc. He [...]