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Deterra (ASX:DRR) share price outperforms on royalty update



The Deterra Royalties Ltd (ASX: DRR) share price is outperforming this morning after it announced a big jump in quarterly royalties.

The Deterra share price jumped 0.5% to $4.39 at the time of writing. While that’s in-line with the S&P/ASX 200 Index (Index:^AXJO), it’s still a win for Deterra as the sector is wallowing in red.

The BHP Group Ltd (ASX: BHP) share price slipped 0.6% and the Rio Tinto Limited (ASX: RIO) share price is flat.

Deterra share price jumps on royalty boost

Deterra’s main royalty earner is from Mining Area C (MAC). BHP operates the mine and pays Deterra a royalty, which surged 49% to $36.3 million in the March quarter versus the December quarter.

The increase is even more pronounced when compared to the…

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