Business Segments · Exploration Expense
Morenci — Exploration Expense
Freeport-McMoRan Inc. Morenci — Exploration Expense increased by 33.3% to $8M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 33.3%, from $6M to $8M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryCapital Allocation
SignalHigher is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026May 8, 2026
Rolls up toExploration expenses
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
10 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.75M | $2.75M | $2.75M | $2.75M | $4.25M | $4.25M | $4.25M | $4.25M | $6M | $8M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +54.5% | +0.0% | +0.0% | +0.0% | +41.2% | +33.3% |
| YoY Change | — | — | — | — | +54.5% | +54.5% | +54.5% | +54.5% | +41.2% | +33.3% |
Range$2.75M – $8M
CAGR+60.7%
Avg YoY Growth+48.8%
Median YoY Growth+54.5%
Current Streak9+ quarters 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 $8M in Q1 2026.
- How has Freeport-McMoRan Inc.'s morenci — exploration expense changed year-over-year?
- Freeport-McMoRan Inc.'s morenci — exploration expense increased by 33.3% year-over-year, from $6M to $8M.
- What does morenci — exploration expense mean?
- Spending on activities to find new mineral deposits and extend the life of the mine.