Freeport-McMoRan 2011 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2011 Freeport-McMoRan annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

2011 ANNUAL REPORT | 23
SELECTED FINANCIAL AND OPERATING DATA
For comparative purposes, operating data shown below for the year ended December 31, 2007, combines our historical data with FMC pre-acquisition
data. As the pre-acquisition operating data represent the results of these operations under FMC management, such combined data is not necessarily
indicative of what past results would have been under FCX management or of future operating results.
Years Ended December 31, 2011 2010 2009 2008 2007
a
FCX CONSOLIDATED MINING OPERATING DATA
Copper (recoverable)
Production (millions of pounds) 3,691 3,908 4,103 4,030 3,884
Production (thousands of metric tons) 1,674 1,773 1,861 1,828 1,762
Sales, excluding purchases (millions of pounds) 3,698 3,896 4,111 4,066 3,862
Sales, excluding purchases (thousands of metric tons) 1,678 1,767 1,865 1,844 1,752
Average realized price per pound $ 3.86 $ 3.59 $ 2.60 $ 2.69 $ 3.22
b
Gold (thousands of recoverable ounces)
Production 1,383 1,886 2,664 1,291 2,329
Sales, excluding purchases 1,378 1,863 2,639 1,314 2,320
Average realized price per ounce $ 1,583 $ 1,271 $ 993 $ 861 $ 682
Molybdenum (millions of recoverable pounds)
Production 83 72 54 73 70
Sales, excluding purchases 79 67 58 71 69
Average realized price per pound $ 16.98 $ 16.47 $ 12.36 $ 30.55 $ 25.87
NORTH AMERICA COPPER MINES
Operating Data, Net of Joint Venture Interest
Copper (recoverable)
Production (millions of pounds) 1,258 1,067 1,147 1,430 1,320
Production (thousands of metric tons) 571 484 520 649 599
Sales, excluding purchases (millions of pounds) 1,247 1,085 1,187 1,434 1,332
Sales, excluding purchases (thousands of metric tons) 566 492 538 650 604
Average realized price per pound $ 3.99 $ 3.42 $ 2.38 $ 3.07 $ 3.10
b
Molybdenum (millions of recoverable pounds)
Production 35 25 25 30 30
100% Operating Data
Solution extraction/electrowinning (SX/EW) operations
Leach ore placed in stockpiles (metric tons per day) 888,300 648,800 589,400 1,095,200 798,200
Average copper ore grade (percent) 0.24 0.24 0.29 0.22 0.23
Copper production (millions of recoverable pounds) 801 746 859 943 940
Mill operations
Ore milled (metric tons per day) 222,800 189,200 169,900 249,600 223,800
Average ore grade (percent):
Copper 0.38 0.32 0.33 0.40 0.35
Molybdenum 0.03 0.03 0.02 0.02 0.02
Copper recovery rate (percent) 83.1 83.0 86.0 82.9 84.5
Production (millions of recoverable pounds):
Copper 549 398 364 599 501
Molybdenum 35 25 25 30 30
SOUTH AMERICA MINING
Copper (recoverable)
Production (millions of pounds) 1,306 1,354 1,390 1,506 1,413
Production (thousands of metric tons) 592 614 631 683 641
Sales (millions of pounds) 1,322 1,335 1,394 1,521 1,399
Sales (thousands of metric tons) 600 606 632 690 635
Average realized price per pound $ 3.77 $ 3.68 $ 2.70 $ 2.57 $ 3.25
Gold (thousands of recoverable ounces)
Production 101 93 92 114 116
Sales 101 93 90 116 114
Average realized price per ounce $ 1,580 $ 1,263 $ 982 $ 853 $ 683
Molybdenum (millions of recoverable pounds)
Production 10 7 2 3 1
SX/EW operations
Leach ore placed in stockpiles (metric tons per day) 245,200 268,800 258,200 279,700 289,100
Average copper ore grade (percent) 0.50 0.41 0.45 0.45 0.43
Copper production (millions of recoverable pounds) 439 504 565 560 569