Jurisdictional RisksFCX has higher jurisdictional risk given Grasberg, one of its major assets, is located in Indonesia.
Production GuidanceFor 2026, FCX now expects Grasberg’s copper and gold production to be 41% and 44% below pre-incident guidance levels.
Recovery TimelinePlanned recovery timeline is now longer than previously anticipated for blocks PB1S and PB1C (resulting in negative guidance adjustments).