Comes as firm drills in Arizona
Valuations continue to trend lower, exploration seen pressured
Sees higher sales from key Grasberg mine from 2024
Average EBITDA seen down 43%
Resource coming at Flor de Cobre to add to Elida
Says evaluating expansion of its Arizona copper mines
Miners including Vale, Glencore cut guidance
Jefferies says copper supply below expectations
Rising costs as copper price retreats
Firms announces share buyback hike
Expected to take hit on falling copper price
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