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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Joan Osland Graffius who wrote (90588)10/15/2002 3:47:45 PM
From: goldsheet  Read Replies (1) | Respond to of 116837
 
<Does anyone on this tread know which one of Freeport McMoRan's preferred is tied to the price of copper?>

none are tied to copper
pfdA converts to common stock
pfdB converts to .1 ounce gold
pfdC converts to .1 ounce gold
pfdD converts to 2.0 ounces silver

Also, after two quarters of operational problems (low ore grade and low recoveries) Freeport delivered a strong third quarter as promised;
biz.yahoo.com

Strong operating performance in third-quarter 2002
resulted in the following new records being established:
- Quarterly gold sales of 1.1 million ounces, 884,600 ounces for PT-FI's share

They produced as much gold in the third quarter as the first and second quarters combined !