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.
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…