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Deccan Gold Mines LtdImportant, 14-05-2026: Company Update

14-05-2026 · 06:26 pm

Deccan Gold Mines reported a standalone loss of ₹13.18 crore and a consolidated loss of ₹73.17 crore for FY26, largely due to investments and ramp-up costs for its Kyrgyzstan project. However, associate Geomysore Services India Pvt. Ltd. delivered a ₹28.81 crore profit from gold sales, with Deccan Gold's share at ₹7.49 crore, marking a strategic shift toward production-linked growth. The Altyn Tor Gold Project in Kyrgyzstan is advancing to commercial production by August 2026, with ₹32.53 crore deployed. The company also strengthened its balance sheet by repaying ₹211.57 crore loans following a ₹314.70 crore rights issue, and increased its Geomysore stake to 26%.

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