Australia's Deterra Royalties gains on jump in royalty receipts

Deterra Royalties

01/05/2023 05:03

** Shares of Australian mining royalty firm Deterra
Royalties  DRR.AX  rise as much as 1.9% to A$4.7, eyeing their
biggest intra-day percentage gain since April 12
    ** DRR says its total royalty receipts for the three months
to March jumped 32% to A$59.9 mln ($39.73 mln)
    ** Stock hits highest since April 21
    ** Co says a jump in royalty receipts was a result of higher
realised prices over marginally lower sales volumes
    ** Stock up 0.4% YTD, as of last close
    
($1 = 1.5078 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))