Freeport shares tumble, copper futures rise on guidance cut due to Indonesia mine accident

Freeport said in a release Wednesday that it expects consolidated sales of copper to be 4% lower than its July estimates. Gold sales are expected to be 6% lower than previous estimates. Shares of Freeport fell more than 13% at midday, to $39.31 each. Copper futures rose 3.8% to $4.82 a pound at mi...

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