Management’s Discussion and Analysis Reconciliation to Amounts Reported  44 |  FREEPORT-McMoRan COPPER & GOLD INC. By-Product Co-Product Method  Year Ended December 31, 2002  Method  Copper  Gold  Silver  Total (In Thousands)  Revenues, after adjustments shown below  $1,077,277  $1,077,277  $ 715,940  $  18,408  $1,811,625 Site production and delivery, before noncash and nonrecurring  costs shown below  547,753  325,720  216,467  5,566  547,753 Gold and silver credits  (734,348)  —  —  —  — Treatment charges  278,504  165,611  110,063  2,830  278,504 Royalty on metals  24,532  14,588  9,695  249  24,532 Net cash production costs  116,441  505,919  336,225  8,645  850,789 Depreciation and amortization  218,716  130,059  86,435  2,222  218,716 Noncash and nonrecurring costs  7,117  4,232  2,813  72  7,117 Total production costs  342,274  640,210  425,473  10,939   1,076,622 Adjustments, primarily for copper pricing on prior period open sales  and silver hedging  10,421  9,591  —  830  10,421 Gross profit, before intercompany profit eliminations  $ 745,424  $ 446,658  $ 290,467  $  8,299  $ 745,424 Pounds of copper sold (000s)   1,522,300   1,522,300 Ounces of gold sold   2,293,200 Ounces of silver sold   4,116,100  Gross profit per pound of copper (cents)/per ounce of gold and  silver ($), before intercompany profit eliminations: Revenues, after adjustments shown below  70.6  70.6  311.97  4.66 Site production and delivery, before noncash and nonrecurring  costs shown below  36.0  21.4  94.40  1.35 Gold and silver credits  (48.2)  —  —  — Treatment charges  18.3  10.9  48.00  0.69 Royalty on metals  1.6  1.0  4.23  0.06 Net cash production costs  7.7  33.3  146.63  2.10 Depreciation and amortization  14.4  8.5  37.69  0.54 Noncash and nonrecurring costs  0.5  0.3  1.23  0.02 Total production costs  22.6  42.1  185.55  2.66 Adjustments, primarily for copper pricing on prior period open sales  and silver hedging  0.9  0.8  0.24  0.02 Gross profit per pound/ounce, before intercompany profit eliminations  48.9  29.3  126.66  2.02 Production  Depreciation and  Revenues  and Delivery  Amortization (In Thousands)  Totals presented above  $1,811,625  $ 547,753  $ 218,716 Noncash and nonrecurring costs per above  N/A  7,117  N/A Less: Treatment charges per above  (278,504)  N/A  N/A Royalty per above  (24,532)  N/A  N/A Adjustments, primarily for copper pricing on prior period open sales  and hedging per above  10,421  N/A  N/A Mining and exploration segment   1,519,010  554,870  218,716 Smelting and refining segment  768,680  729,789  27,652 Eliminations and other  (377,228)  (346,197)  14,078 As reported in FCX’s consolidated financial statements $1,910,462  $ 938,462  $ 260,446