Deccan Gold Mines Ltd — Important, 17-08-2026: Company Update

Deccan Gold Mines has transitioned into a gold producer, with Jonnagiri generating Rs. 87 Cr revenue and Rs. 6.35 Cr profit (Deccan's share) in Q1 FY27, while Kyrgyzstan commenced dore bar production. The company is rapidly advancing two verticals: gold and critical minerals. Exploration is underway for nickel-copper-PGE in Chhattisgarh, tungsten in Spain, and lithium-tantalum in Mozambique, with plans for concentrate production by Q1 2028 from the latter. The Board approved a Rs. 137 Cr fundraise to accelerate these projects and expand towards production-oriented mining, focusing on battery metals and strategic acquisitions to boost future output.