Verified peer comparison

FCX vs NEM

Freeport-McMoRan Inc. compared with Newmont Corporation. This page compares both source-verified company profiles and does not introduce an unverified price target.

FCX

Freeport-McMoRan Inc.

$189.43

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NEM

Newmont Corporation

$189.43

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Company-specific comparison

Business exposure

FCX: Copper

NEM: Gold

Upside lens

FCX: Restoring underground operations and ramping production at Grasberg can improve copper and gold volumes after the 2025 disruption. FCX's incremental leach projects can recover additional copper from existing stockpiles with less capital than a new greenfield mine. Electrification, grid investment and data-center construction can tighten copper balances and improve the economics of FCX's long-lived resources.

NEM: Strong realized gold prices can expand free cash flow from Newmont's portfolio and fund capital returns and reinvestment. Completing non-core divestitures and concentrating capital on higher-return managed assets can improve portfolio quality and operating focus. A net-cash position and expanded repurchase authorization can increase per-share exposure to portfolio cash generation when commodity conditions remain supportive.

Risk lens

FCX: Underground mining incidents, weather, equipment failures or recovery delays can materially reduce production and increase unit costs. Export permissions, smelter requirements, taxes and negotiations over long-term operating rights in Indonesia can affect cash flow and asset value. Copper and gold price declines or inflation in energy, labor and materials can quickly compress mine margins and development returns.

NEM: Lower gold and co-product prices would reduce revenue, reserve economics, free cash flow and capital-return capacity. Grade variability, weather, maintenance, labor, energy and project execution can disrupt production and lift all-in sustaining costs. Permitting, fiscal changes, community relations and reclamation obligations across multiple jurisdictions can delay projects and increase liabilities.