Deterra Royalties Ltd (AU:DRR) has released an update.
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Deterra Royalties Limited has announced its quarterly royalty revenue, with $58.5 million earned in the June 2024 quarter and a total of $240.6 million for the fiscal year 2024. The royalties, primarily from iron ore operations at Mining Area C, decreased by 7.5% from the previous quarter due to lower iron ore prices, despite increased sales volumes from the South Flank mine. No capacity payments were made due to the annual production not reaching the threshold for such payments.
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