Freeport-McMoRan, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the Freeport-McMoRan Second Quarter Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. If you wish to ask a question during the Q&A session, press star 1 on your touchtone phone. If you require assistance during the conference, please press star 0. I'd now like to turn the conference over to Mr. David Joint, Vice President, Investor Relations. Please go ahead, sir.

Thank you, Regina, and good morning, everyone. Welcome to the Freeport conference call. Earlier this morning, FCX reported its second quarter of 2026 operating and financial results. A copy of today's press release with supplemental schedules and slides are available on our website, fcx.com. Today's conference call is being broadcast live on the Internet. Anyone may listen to the call by accessing our website homepage and clicking on the webcast link for the conference call. In addition to analysts and investors, the financial press has been invited to listen to today's call. A replay of the webcast will be available on our website later today. Before we begin our comments, we'd like to remind everyone that today's press release and certain of our comments on the call include non-GAAP measures and forward-looking statements. and actual results may differ materially. Please refer to the cautionary language included in our press release and slides into the risk factors described in our SEC filings, all of which are available on our website. Also on the call with me today are Richard Atterson, Chairman of the Board, Kathleen Quirk, President and Chief Executive Officer, Maree Robertson, Executive Vice President and Chief Financial Officer, and other senior members of our management team. Richard will make some opening remarks. Kathleen and Maree will review our slide materials and then we'll open up the call for questions. Richard.

Thanks, David, and thanks everyone for joining us today. We're pleased to release FCX's second quarter results. They can be described in a single word, progress. Freeport and our shareholders continue to benefit from our longstanding strategy centered on our leadership position in copper and from our portfolio of long-lived assets with established track records for operational excellence, project development, and capital allocation. Electricity means copper. As the world continues to electrify, it will need what we produce more than ever. Freeport is particularly well-positioned to grow as the market grows in the future. Our team today will talk with you about the great progress we have achieved in the second quarter across our global business. Notably, the positive execution of the Grassberg ramp-up and the strong operational execution and financial performance achieved in the Americas. Our large-scale, long-life production with our attractive growth pipeline positions Freeport exceptionally well My aspiration continues to be foremost in copper. Kathleen and I visited Jakarta and Amman site in Papua in June. I've been traveling to Indonesia regularly since 1988. And each time I visit, I'm inspired both by Freeport's accomplishments in Papua and in Gresik and by how the Republic of Indonesia has developed and progressed over the years. The best lies ahead for Indonesia and for PT Freeport Indonesia. I am blessed and proud to have been personally experienced and been part of this growth and progress. Our Freeport-Goldberg family is proud of the commitment and significant progress achieved by our team in Papua in the ramp of the Grassberg Block Cave Mine. The Grassberg team has great morale and enthusiasm as it continues to execute exceptionally well. We look forward to ongoing progress with the Grassberg recovery. and to completing our mine rights extension with the government of Indonesia so that Freeport can continue to generate benefits for all stakeholders in the decades to come. We are also proud of the demonstrable progress being achieved by America's team through the application of modern and innovative technology to increase production and lower costs to generate increasing profits from our mature mines. It's truly impressive, and again, the best lies ahead. Our CEO, Kathleen Quirk, will now lead our discussion.