Freeport says Indonesia smelter restarts after 2025 Grasberg incident

• Freeport flagged continued disruption from the September 2025 Grasberg incident, with mill throughput averaging 140,000 metric tons per day in Q3 2026.
• Output remained below normalized rates, with throughput at about 67% of pre-incident levels during the quarter.
• PTFI’s Eastern Java smelter restarted in late August 2026 following the suspension tied to the incident; ramp-up is proceeding.
• Gold sales timing in Indonesia deferred about 60,000 ounces from Q3 2026 into Q4, weighing on by-product credits.
• Consolidated unit net cash costs are expected about 5% above the July estimate of USD 2.00 per pound of copper.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freeport-McMoRan Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610020800BIZWIRE_USPR_____20261001_BW501961) on October 02, 2026, and is solely responsible for the information contained therein.