Through its subsidiaries, the Company engages in the exploration, mining, and production of copper, gold, and silver. It also smelts and refines copper concentrates, and markets the refined copper products.
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Market reaction to 2 acquisitions has been severe. FCX has good balance sheet, generates a lot of free cash and pays a 3.3%dividend. The acquisitions will diversify their revenue presumably lowering company risk to copper & gold price swings.