BUZZ - Freeport shares rise as Indonesian mine expansion plan progresses as scheduled

October 2 - ** Freeport-McMoRan Inc (FCX.N) shares rose 2.8% to $71.19

** The US copper miner said that capacity ramp-up at Indonesia's Grasberg copper and gold mine is progressing as expected

** Maintains forecast of reaching 80% capacity by mid-2027 and near full production by the end of 2027

** Said combined third-quarter copper production was about 830 million pounds, in line with expectations; international operations performed relatively well, offsetting a slight decline in US production

** Third-quarter combined gold production was about 230,000 ounces, basically in line with expectations

** Copper sales in the third quarter are expected to reach July's forecast level, but gold sales missed expectations due to shipping delays

** Including intraday volatility, the stock is up 36.40% year-to-date

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