Business Segments · Exploration Expense
Morenci — Exploration Expense
Freeport-McMoRan Inc. Morenci — Exploration Expense remained flat by 0.0% to $8.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 100.0%, from $4.25M to $8.50M. Over 2 years (FY 2023 to FY 2025), Morenci — Exploration Expense shows an upward trend with a 75.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryCapital Allocation
SignalHigher is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ4 2025
How to read this metric
An increase signals a commitment to long-term reserve replacement and future production capacity.
Detailed definition
Costs incurred to identify, evaluate, and confirm the existence of new mineral deposits within or near the segment's exi...
Peer comparison
Common in mining companies; peers often report this as 'Exploration and Evaluation' costs.
Metric ID:
fcx_segment_morenci_exploration_expenseHistorical Data
3 years
| FY'23 | FY'24 | FY'25 | |
|---|---|---|---|
| Value | $11.00M | $17.00M | $34.00M |
| YoY Change | — | +54.5% | +100.0% |
Range$11.00M – $34.00M
CAGR+75.8%
Avg YoY Growth+77.3%
Median YoY Growth+77.3%
Current Streak2+ years growth
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Frequently Asked Questions
- What is Freeport-McMoRan Inc.'s morenci — exploration expense?
- Freeport-McMoRan Inc. (FCX) reported morenci — exploration expense of $8.50M in Q4 2025.
- How has Freeport-McMoRan Inc.'s morenci — exploration expense changed year-over-year?
- Freeport-McMoRan Inc.'s morenci — exploration expense increased by 100.0% year-over-year, from $4.25M to $8.50M.
- What is the long-term trend for Freeport-McMoRan Inc.'s morenci — exploration expense?
- Over 2 years (2023 to 2025), Freeport-McMoRan Inc.'s morenci — exploration expense has grown at a 75.8% compound annual growth rate (CAGR), from $11.00M to $34.00M.
- What does morenci — exploration expense mean?
- Spending on activities to find new mineral deposits and extend the life of the mine.