FCX expects South America's sales to approximate 1.33 billion pounds of copper and 140 thousand ounces of gold for the year 2013, compared with 2012 sales of 1.25 billion pounds of copper and 82 thousand ounces of gold, primarily reflecting the mining of higher grade ore at Candelaria.Average unit net cash costs (net of by-product credits) for South America of $1.54 per pound of copper in fourth-quarter 2012 were higher than unit net cash costs of $1.44 per pound in fourth-quarter 2011, primarily reflecting higher mining and input costs (including energy), partly offset by lower costs relating to labor agreements.
Freeport-McMoRan Copper & Gold Inc. Reports Fourth-Quarter And Year Ended December 31, 2012 Results
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