Deccan Gold Mines

Deccan Gold Mines is preparing to commence full production at what is described as India's first major private gold mine located in Andhra Pradesh. A top official from the company has indicated that the mine is set to begin full production operations soon.

Deccan Gold provided an update on progress at their Altyn Tor Gold Project in Kyrgyzstan. The company has commissioned 11 conveyor units and completed successful trial runs for jaw and cone crushers. Ball mill installation is ongoing with completion targeted for late August to early September 2025. The company aims to begin commercial production from the gravity circuit in mid to late October 2025. Leaching system tanks have been fabricated and painted, with full erection expected by mid to late October. A 2500 kVA diesel generator set has been ordered for October delivery to power the ball mill during commissioning. Excavation of the new tailings dam has commenced and is scheduled for completion in October 2025. Mining operations have removed approximately 30,000 m3 of waste with 100,000 m3 targeted in the next 2-3 months. The drilling programme has completed approximately 2000m of the planned 2500m, with logging identifying multiple zones of mineralisation including visible gold. Managing Director Dr Hanuma Prasad Modali expressed cautious optimism about achieving target timelines while noting that early winter onset poses the greatest risk for construction. The Altyn Tor deposit has mineral resources estimated at 4.65 Mt grading 1.21 g/t Au for 180 koz at a 0.5 g/t Au cut-off grade.

Deccan Gold Mines Limited published newspaper advertisements containing QR codes and webpage details for accessing unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, along with the Limited Review Report. The company reported total income from operations of Rs. 529.21 crores for the quarter, compared to Rs. 591.46 crores in the previous quarter and Rs. 444.68 crores in the same quarter last year. Net profit after tax stood at Rs. 134.07 crores for the current quarter, versus Rs. 201.69 crores in the previous quarter and Rs. 79.06 crores in the corresponding quarter of the previous year. The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 13, 2025. Basic and diluted earnings per share were Rs. 1.76 for the quarter.