Deccan Gold Mines Ltd — Important, 24-06-2026: Company Update

Deccan Gold Mines Limited announced the formal inauguration of its Jonnagiri Gold Project in Andhra Pradesh by the Chief Minister, marking India's first significant private-sector gold mine since Independence. This project currently processes around 1,000 tonnes of ore per day, aiming for 400-600 kilograms of gold annually. Future expansion plans will increase processing capacity to approximately 2,500 tonnes per day, with annual gold production expected to exceed one tonne. This milestone is crucial for strengthening India's domestic resource security, generating employment, and reducing reliance on gold imports, signaling a new chapter for the nation's mining industry.