Business Segments · Exploration Expense
Cerro Verde — Exploration Expense
Freeport-McMoRan Inc. Cerro Verde — Exploration Expense increased by 100.0% to $4M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 100.0%, from $2M to $4M.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026May 8, 2026
Rolls up toExploration expenses
How to read this metric
An increase reflects a commitment to long-term growth, whereas a decrease may signal a focus on short-term cash preservation.
Detailed definition
This metric tracks the spending on geological surveys, drilling, and research to identify or expand mineral reserves. It...
Peer comparison
Standard R&D-equivalent metric for the mining and natural resources sector.
Metric ID:
fcx_segment_cerro_verde_exploration_expenseHistorical Data
10 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.5M | $2.5M | $2.5M | $2.5M | $3M | $3M | $3M | $3M | $2M | $4M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +20.0% | +0.0% | +0.0% | +0.0% | -33.3% | +100.0% |
| YoY Change | — | — | — | — | +20.0% | +20.0% | +20.0% | +20.0% | -33.3% | +100.0% |
Range$2M – $4M
CAGR+23.2%
Avg YoY Growth+24.4%
Median YoY Growth+20.0%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Freeport-McMoRan Inc.'s cerro verde — exploration expense?
- Freeport-McMoRan Inc. (FCX) reported cerro verde — exploration expense of $4M in Q1 2026.
- How has Freeport-McMoRan Inc.'s cerro verde — exploration expense changed year-over-year?
- Freeport-McMoRan Inc.'s cerro verde — exploration expense increased by 100.0% year-over-year, from $2M to $4M.
- What does cerro verde — exploration expense mean?
- Costs spent on searching for new mineral deposits or expanding existing reserves.