Freeport-McMoRan Inc. South America — Exploration and research expenses decreased by 25.0% to $3.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 50.0%, from $2.00M to $3.00M.
Higher spending indicates a commitment to long-term reserve replacement and technological advancement, though it reduces short-term profitability.
Costs incurred for geological surveys, drilling, and research activities aimed at identifying new mineral deposits or im...
Commonly reported as 'exploration expense' by major mining firms to signal future growth potential.
fcx_segment_south_america_exploration_and_research_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.00M | $4.00M | $2.00M | -$8.00M | $4.00M | $5.00M | $2.00M | $5.00M | $4.00M | $4.00M | $3.00M |
| QoQ Change | — | — | — | — | — | — | — | — | +100.0% | -50.0% | -500.0% | +150.0% | +25.0% | -60.0% | +150.0% | -20.0% | +0.0% | -25.0% |
| YoY Change | — | — | — | — | — | — | — | — | — | — | — | +100.0% | +25.0% | +0.0% | +162.5% | +0.0% | -20.0% | +50.0% |