Freeport-McMoRan announces $3.0 billion stock repurchase program

Freeport-McMoRan (NYSE: FCX) announced today a plans to buy $3.0 billion of FCX common stock.

The Board also approved the addition of a variable cash dividend on common stock for 2022 at an expected annual rate of $0.30 per share.

The stock traded up 1.62% to $38.33 a share.

Freeport is the world's number two copper miner.

By Michael McCrae

For Kitco News

Follow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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