Deterra Royalties Limited (OTCPK:DETRF) Q2 2025 Earnings Conference Call February 17, 2025 5:00 PM ET
Company Participants
Julian Andrews – Managing Director & CEO
Jason Clifton – CFO
Conference Call Participants
Tom Prendiville – Canaccord Genuity
Glyn Lawcock – Barrenjoey
Paul McTaggart – Citigroup.
Operator
Hello, and welcome to Deterra Royalties Half Year 2025 Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions]
I would now like to turn the conference over to Julian Andrews, Managing Director and Chief Executive Officer. You may begin.
Julian Andrews
Thank you. Good morning, and welcome to Deterra Royalties first half 2025 results call. I’m Julian Andrews, MD and CEO of Deterra; and I’m joined today by Jason Clifton, our Chief Financial Officer. I’ll begin today with some introductory remarks, and then Jason will give an overview of our financial results. Following that, I’ll provide some brief comments on our approach to investment, and then, we’ll hand back to the operator and open the line for questions.
Starting on Slide 4. I’m pleased to be reporting that the company is in good shape, with record volumes from our key producing assets underpinning strong revenues and significant progress in some of our major development assets, highlighting the option value within our portfolio.
Our producing assets continue to perform. Mining Area C once again reported record production and sales tons following BHP’s announcement at the end of last financial year that the South Flank expansion had reached nameplate capacity on a run rate basis.
We’re also reporting for the first-time revenue from the gold offtake contracts and other assets acquired during the half. These contract produced a record number of ounces, noting we consolidate from the September 2. And with record gold price
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