Freeport-McMoRan Inc. Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against Freeport-McMoRan Inc. (FCX)

If you purchased or acquired Freeport-McMoRan securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About Freeport-McMoRan

Freeport-McMoRan is one of the world’s largest publicly traded copper and molybdenum producers, with significant mining operations in North America, South America, and Indonesia.

The company’s Grasberg Block Cave mine in Indonesia is especially important, as it, along with the Cerro Verde mine in Peru, accounts for a substantial percentage of Freeport-McMoRan’s consolidated copper production.

Potential Concerns Under Investigation

Lawyers are investigating whether Freeport-McMoRan may have made misleading statements or omitted key information regarding its operational risks and mine safety leading up to a significant incident at the Grasberg Block Cave mine.

On Sept. 9, 2025, Freeport-McMoRan issued a press release disclosing that a “large flow of wet material from a production drawpoint” occurred at approximately 10 p.m. local time on Sept. 8, 2025, in its Grasberg Block Cave mine.

This event blocked access and restricted evacuation routes for seven team members.

The company confirmed the workers’ locations and stated that rescue efforts were underway. Importantly, Freeport-McMoRan announced that Grasberg operations were “temporarily suspended” to prioritize safety.

Following this disclosure, Freeport-McMoRan’s stock price dropped sharply by more than 5% in a single day, representing a loss of roughly $2 per share. The investigation may focus on whether Freeport-McMoRan’s prior public statements adequately reflected the risks facing the Grasberg mine.

For example, in a March 31, 2025 operational update, the company stated that first-quarter copper and gold production “approximated expectations,” and that “no material impact [is] expected on annual consolidated sales guidance."

On the April 24, 2025 earnings call, management reiterated that “copper and gold production tracked expectations” and that annual guidance remained unchanged. These assurances may be examined for whether they concealed or downplayed operational challenges at Grasberg.

Attorneys could also review whether Freeport-McMoRan provided sufficient information about known geotechnical vulnerabilities. While the company’s regulatory filings warned of general mining risks in Indonesia, they did not specifically disclose any concerns about the stability of the Block Cave or pending hazards.

The timing of the stock price decline is also significant. On Sept. 9, 2025, global copper prices remained nearly flat, falling only about 0.08%, while Freeport-McMoRan’s shares alone experienced a substantial drop.

This suggests that the market’s reaction may have been directly tied to the company-specific news rather than broader commodity or market trends.

Further, on Sept. 20, 2025, Indonesian media reported that two bodies had been recovered in the search for the seven trapped workers. This development may have placed additional pressure on the stock, as the full severity of the incident became public.

Lawyers may also examine internal company information. On July 23, 2025, Freeport-McMoRan announced a revised production model, with an approximate 15% reduction in expected 2025 gold production, indicating that management may have been aware of flow problems at Grasberg before the public disclosures.

Finally, the investigation may consider whether Freeport-McMoRan’s senior executives exercised control over the company’s disclosures during the relevant period.

The company’s incentive structure, which ties executive compensation to stock performance, may also be reviewed for potential motives to maintain a positive outlook.

Your Rights and Next Steps

This is an active investigation into whether Freeport-McMoRan may have violated federal securities laws. Investors who purchased or held Freeport-McMoRan securities between March 31, 2025 and Sept. 9, 2025 and suffered losses may have important legal rights.

If the investigation uncovers evidence of securities law violations, it could lead to a class action lawsuit seeking compensation for affected investors.

Lawyers are ready to help investors understand their options and determine whether they may be eligible to participate in any future class action. Investors are encouraged to gather documentation of their purchases and losses, as this information may be important if a class action is filed.

You May Be Entitled to Compensation

Securities investigations are time sensitive. If you purchased or held Freeport-McMoRan securities and suffered losses following the events described, you may be eligible to join any potential class action and seek compensation for your losses.

To protect your rights and learn more about the investigation, complete the form below.