FCX South America Operations

Segment rollup of FCX's two consolidated South America copper operations - Cerro Verde in Peru (55.08%-owned) and El Abra in Chile (51%-owned). Multi-jurisdictional rollup - primary jurisdiction Peru; also includes Chile. In 2025 the segment sold 75% of copper production as concentrate (a portion to Atlantic Copper) and 25% as cathode. 2025 leach operations placed 164,300 t/d (0.41% Cu) producing 263 Mlb; mills ran 415,500 t/d (0.30% Cu, 84.3% recovery) producing 801 Mlb. 2026e: copper sales ~1,080 Mlb; avg unit net cash costs ~$2.58/lb.