| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 23, 2026 | 8/12 | 1 high, 3 medium, 2 low flags | 4 | 0 | Call sheet → |
| Q1'26 | April 23, 2026 | 7/12 | 4 medium, 2 low flags | 0 | 4 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Delivered | Return 50% of available cash to shareholders $600M returned in H1 including ~$200M in buybacks |
| Q2'26 | Delivered | Submit El Abra environmental impact statement in March Filed in March as promised |
| Q2'26 | Delivered | Achieve stable production at Cerro Verde Q1 disruptions resolved, production stabilized |
| Q2'26 | Pending | Complete insurance recovery of $700M in Q2 Expect to collect proceeds during Q2, not confirmed yet |
| Q2'26 | Pending | Target 60,000 tons/day from Grasberg in H2 2026 On track, exited June at 69,000 tons/day |
| Q2'26 | Delivered | Grasberg restart to commence in March 2026 Actually started slightly ahead of schedule in March |
| Q1'26 | Missed | $1.75 unit costs for 2026 Revised up to $1.95 due to diesel costs and lower Grasberg volumes |
| Q1'26 | Pending | Baghdad expansion investment decision first half 2026 Still on track but autonomous performance issues creating additional considerations |
| Q1'26 | Missed | 85% of Grasberg production restored in second half 2026 Will be significantly less due to 40% reduction in daily capacity |
| Q1'26 | Missed | US unit costs trending toward $2.50 by 2027 Now under review due to diesel and other input cost volatility |
| Q1'26 | Pending | Leach initiative scaling to 400M pounds in 2026-2027 timeframe Still targeting but supply chain challenges emerging for next-gen additives |
| Q1'26 | Missed | Grasberg restart second quarter 2026 at 100,000 tonnes/day Revised down to 60,000 tonnes/day due to material handling constraints |
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