Deccan Gold Mines Limited has announced the commencement of pre-commissioning trials at its Altyn Tor Gold Project in Kyrgyzstan, marking a significant operational milestone. The trials will be conducted sequentially over the next few months, starting with crushing, grinding, and gravity concentration circuits, followed by the leaching circuit.

Pre-Commissioning Trial Details

The company expects to process substantial ore volumes during the trial period, with specific parameters outlined below:

The pre-production trials serve as a precursor to progressive commissioning of the process plant. Gold recovered during these trials will be produced as saleable concentrate or dore bars, representing the project's transition toward commercial production.

Project Infrastructure Progress

The company has made substantial progress across multiple project components since its previous updates:

Processing Plant Status

• Conveyor System: 11 conveyor units successfully commissioned
• Crushing Equipment: Jaw and cone crushers completed trial runs
• Ball Mill Installation: Ongoing installation process
• Gravity Concentrator: Equipment on-site and ready for trials
• Leaching System: Tanks fabricated and painted

Mining Operations Update

The mining team has achieved a significant operational milestone by completing the targeted mine volume for the year. Additionally, results from samples collected during the recent resource drilling programme are expected within the next few weeks.

Management Perspective

Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold, highlighted the strategic importance of this development: "The pre-commissioning trials at Altyn Tor mark a defining step forward for Deccan Gold. The project's steady progress toward creating lasting value strengthens India's footprint in the global gold mining landscape. As the first Indian mining company in Kyrgyzstan, we remain focused on responsible growth, operational excellence, and building a model for cross-border collaboration that benefits both nations."

Project Background and Resources

The Altyn Tor deposit is strategically located in the highly mineralized Soltan Sary gold mineralization zone, extending over 300 km in length as part of the major Tien Shen Shear Zone. Current mineral resources demonstrate the project's potential:

This estimate includes 1.40 Mt of tailings and low-grade stockpile material, calculated using a 0.50 g/t Au cut-off grade.

Deccan Gold's investment in the Altyn Tor Gold Project through Avelum Partners represents the first investment by an Indian mining and exploration company in Kyrgyzstan, potentially enhancing economic ties between the two countries. The company remains committed to ethical and responsible mining practices while progressing toward full-scale gold production.

Deccan Gold Mines Limited, a prominent player in the gold mining sector, has released its unaudited financial results for the first quarter ended June 30, 2025, showcasing a mixed performance with a decrease in revenue but a significant increase in profitability.

Financial Highlights

The company reported a total income from operations of Rs. 529.21 crores for Q1 FY26, marking a 10.5% decrease from Rs. 591.46 crores in the previous quarter. However, when compared to the same quarter last year, which saw a revenue of Rs. 444.68 crores, the company has achieved a year-on-year growth of 19%.

Despite the quarter-on-quarter revenue dip, Deccan Gold Mines has shown remarkable improvement in its bottom line. The net profit after tax stood at Rs. 134.07 crores for Q1 FY26, representing a substantial 69.6% increase from Rs. 79.06 crores in Q1 FY25. However, it's worth noting that the profit has decreased by 33.5% compared to the previous quarter's Rs. 201.69 crores.

Key Performance Metrics

The company's Basic and Diluted Earnings Per Share (EPS) for Q1 FY26 stood at Rs. 1.76.

Corporate Governance and Transparency

In line with regulatory requirements, Deccan Gold Mines has published newspaper advertisements containing QR codes and webpage details for accessing the unaudited standalone and consolidated financial results. This move enhances transparency and ease of access for shareholders and potential investors.

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on August 13, 2025. This process ensures compliance with corporate governance standards and regulatory requirements.

Looking Ahead

While the quarter-on-quarter revenue decline might raise some concerns, the significant year-on-year growth in both revenue and profitability suggests that Deccan Gold Mines is on a positive trajectory. The company's ability to substantially increase its net profit despite a revenue dip indicates improved operational efficiency and cost management.

Investors and market analysts will be keenly watching Deccan Gold Mines' performance in the coming quarters to see if the company can maintain its profitability while potentially recovering its revenue growth momentum.

As the gold mining sector continues to be influenced by global economic factors and precious metal prices, Deccan Gold Mines' performance in the subsequent quarters will be crucial in determining its financial outlook for the fiscal year 2025-26.