Freeport-McMoRan 2013 Annual Report Download - page 9

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CONSOLIDATED RESULTS
FCX’s consolidated copper sales for 2013 of 4.09 billion pounds (at an average realized price
of $3.30 per pound) were higher than 2012 sales of 3.65 billion pounds (at an average realized
price of $3.60 per pound), reflecting improved volumes throughout our global mining
operations. Consolidated copper sales volumes are expected to grow with the development
of planned projects.
Consolidated gold sales for 2013 of 1.2 million ounces (at an average realized price of
$1,315 per ounce) were higher than 2012 sales of 1.0 million ounces (at an average realized
price of $1,665 per ounce), reflecting higher ore grades and improved operating performance
in Indonesia.
Consolidated molybdenum sales for 2013 of 93 million pounds (at an average realized
price of $11.85 per pound) were higher than 2012 sales of 83 million pounds (at an average
realized price of $14.26 per pound), reflecting a full year of production from the Climax
molybdenum mine.
Oil and gas sales volumes for the seven-month period in 2013 following the acquisitions totaled
38.1 MMBOE (at an average realized price of $76.87 per BOE) and averaged 178 thousand
barrels of oil equivalents (MBOE) per day. Oil and gas volumes for 2014 are expected to
grow with the development of Gulf of Mexico projects.
Photo: Marlin deepwater production platform in the Gulf of Mexico
OPERATIONAL OVERVIEW
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