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Published: Aug. 11, 2023 at 11:52 a.m. ET
Freeport-McMoRan Inc. FCX said Friday it was looking into a “cybersecurity incident” that affected its information systems. The gold and copper miner’s stock fell 1.6% in morning trading. The company said it is assessing the impact of the incident, but so far there has been “limited impact” on production. “Transitional solutions are being planned and implemented to secure information systems as quickly as possible,” the company said in a statement. The stock has run up 20.7% over the past three months, while the Materials Select Sector SPDR ETF XLB has gained 6.4% and the S&P 500 SPX has tacked on 7.9%.
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Freeport-McMoRan Inc.
FCX
said Friday it was looking into a “cybersecurity incident” that affected its information systems. The gold and copper miner’s stock fell 1.6% in morning trading. The company said it is assessing the impact of the incident, but so far there has been “limited impact” on production. “Transitional solutions are being planned and implemented to secure information systems as quickly as possible,” the company said in a statement. The stock has run up 20.7% over the past three months, while the Materials Select Sector SPDR ETF
XLB
has gained 6.4% and the S&P 500
SPX
has tacked on 7.9%.
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