Freeport McMoRan Inc reported a quarterly profit on Thursday, compared to a loss a year earlier, benefiting from higher gold prices as uncertainty fueled by the Covid-19 pandemic pushed investors toward safe-haven assets.
Net income attributable to shareholders was $329-million, or 22 cents per share, in the third quarter ended September 30, compared to a net loss of $207-million, or 15 cents per share, a year earlier.