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Freeport-McMoran shares rise on advancing metals

25 Oct News | Comments

SAN FRANCISCO (MarketWatch) — Freeport-McMoran Gold & Copper Inc.’s shares rose 3.4% Monday morning as gold and copper prices advanced, with bullion futures up 0.9% and copper futures rising 2%. The mining giant last week announced its quarterly profit jumped nearly 30%. The Phoenix, Ariz.-based firm said its third-quarter profit rose to $1.18 billion, or $2.49 a share, from $925 million, or $2.07 a share, in the same quarter last year.


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