ASX:DRRMetals and Mining
How Investors May Respond To Deterra Royalties (ASX:DRR) Divesting La Preciosa Silver for US$22 Million
Deterra Royalties Limited recently announced the sale of its non-core La Preciosa silver assets for US$22 million, generating an expected pre-tax profit of US$6.2 million and reaffirmed its focus on base, bulk, and battery and electrification commodities.
This move highlights the company’s intent to strengthen its balance sheet through debt reduction while sharpening its commodity exposure amid changing industry dynamics.
We will now consider how the La Preciosa divestment may influence...