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Deterra Royalties Limited (ASX:DRR)

ALERT: Price-sensitive ASX Announcement for DRR
Current share price for DRR : $4.300 0.09 (2.14%)+
Announcement
Release
25 Aug 2025 8:03AM
Price at Release
$4.210
Full Release
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Summary
Deterra Royalties Limited announced the sale of its non-core La Preciosa silver assets for US$22 million to Avino Silver & Gold Mines Ltd. The transaction includes US$13.25 million in cash upon completion and US$8.75 million in cash a year later. This sale is part of Deterra's strategy to focus on base, bulk, and battery commodities, realizing a pre-tax profit of over US$6 million, with a 31% pre-tax IRR. Avino is well-funded for the transaction, and the sale proceeds are intended to reduce Deterra's net debt.
Key Points
  • US$22 million sale of La Preciosa silver assets
  • US$13.25 million cash upon completion
  • US$8.75 million cash one year later
  • 31% pre-tax IRR
  • Pre-tax profit of over US$6 million
  • Proceeds to be used for net debt reduction
  • Avino well-funded for transaction
  • Focus on base, bulk, and battery commodities
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.