Latest news about Deccan Gold Mines
Deccan Gold Mines
225.94
+6.58(+3.00%)
Company Performance:
View Company Insights1D+3.00%
1M+4.50%
6M0.00%
1Y0.00%
5Y0.00%
More news about Deccan Gold Mines
12Aug 26
Deccan Gold Mines schedules e-voting for ₹1370 Mn capital raise
Deccan Gold Mines Limited has scheduled remote e-voting from August 29 to September 1, 2026, for its Extraordinary General Meeting to approve a ₹1370 million capital raise via Compulsorily Convertible Debentures. The meeting, held on September 2, 2026, follows a strong Q1FY27 financial turnaround with a standalone net profit of ₹11.52 million, driven by associate contributions. The capital infusion targets production scaling at key gold projects in India and Kyrgyzstan.
12Aug 26
Deccan Gold Mines' Jonnagiri Gold Mine Receives Approval to Raise Annual Gold Production to Over 700 Kg, Targets 1 Tonne by 2029
Deccan Gold Mines has received approval to increase annual gold production at its Jonnagiri gold mine to over 700 kg per year. The company is targeting a further ramp-up to more than 1 tonne of annual production by 2029. This phased expansion reflects the company's strategy to grow its domestic gold mining output from the Jonnagiri asset.
12Aug 26
Deccan Gold Mines Plans to Apply for Bhalukona Mining License by 2028
Deccan Gold Mines has announced plans to apply for a mining license for its Bhalukona project by 2028. This development represents a significant regulatory milestone in the company's effort to advance the Bhalukona asset from exploration toward active mining. The targeted 2028 application timeline reflects the company's structured approach to progressing its gold exploration portfolio through India's mining regulatory framework.
12Aug 26
Deccan Gold Mines Plans 200 TPD Lithium Concentrate Plant in Mozambique by End of 2027, Expansion to 1,000 TPD Possible
Deccan Gold Mines has announced plans to establish a 200 TPD lithium concentrate plant in Mozambique by the end of 2027. The company has outlined the potential to expand the facility's capacity to 1,000 TPD as mineral resources in the region increase. The announcement is part of the company's broader Mozambique exploration initiative, with expansion plans tied directly to resource development.
09Aug 26
Deccan Gold Mines Q1 Results: Financials approved by Board
Deccan Gold Mines Limited approved its Q1FY27 unaudited financial results on August 7, 2026. The standalone and consolidated figures were reviewed by the Audit Committee and filed with BSE under SEBI regulations. Detailed reports are available on the company's website and exchange portals.
09Aug 26
Deccan Gold Mines sees Independent Director Deepthi Donkeshwar exit board
Deccan Gold Mines Limited announced that Ms. Deepthi Donkeshwar ceased to be an Independent Director on August 08, 2026, after completing her second consecutive term. The move complies with SEBI Listing Regulations regarding term limits for independent directors. The Board expressed appreciation for her contributions during her tenure.
08Aug 26
Kailasam Sundaram ceases as Deccan Gold Mines Independent Director
Kailasam Sundaram ceased as Independent Director and Chairperson of Deccan Gold Mines Limited on August 07, 2026, after completing his second five-year term. The disclosure was filed with BSE under SEBI Listing Regulations on August 08, 2026. The Board appreciated his services, and the company must now appoint a successor to ensure governance continuity.
08Aug 26
Deccan Gold Mines Q1 Results: Earnings call scheduled for Aug 12
Deccan Gold Mines Limited scheduled an earnings call for August 12, 2026, to present Q1FY27 results ending June 30, 2026. The session includes a management presentation and Q&A. Recordings will be posted online after the event.
08Aug 26
Deccan Gold Mines approves ₹130.67 crore preferential allotment for exploration
Deccan Gold Mines Limited Board approved a ₹130.67 crore capital raise via CCDs, equity shares, and warrants to fund exploration. The issue targets non-promoter investors and requires shareholder approval at an EGM on September 02, 2026.
08Aug 26
Deccan Gold Mines appoints Jade Gemma Devenish as non-executive director
Deccan Gold Mines Limited appointed Ms. Jade Gemma Devenish as a Non-Executive Non-Independent Director on August 07, 2026. The Board approved the move during its meeting on the same day, citing her extensive experience in leading the Jonnagiri Gold Project. The appointment is subject to shareholder approval and rotation liability.
06Aug 26
Deccan Gold Mines Achieves First Gold Doré Production at Altyn Tor, Validates Processing Technology
Deccan Gold Mines achieved a significant milestone with the first gold doré production at its Altyn Tor Project in Kyrgyzstan, validating the Intensive Leach System and Merrill-Crowe processing technology under real-world conditions. The project, where Deccan Gold holds a 60% stake in Avelum Partners LLC, contains mineral resources of 180 koz (5.6t) of gold, with recent drilling indicating the deposit is significantly larger than currently estimated. The company plans to update mineral resources and develop a revised life-of-mine plan, with further drilling scheduled from 2026 onwards.
03Aug 26
Deccan Gold Mines secures ₹20 crore debt for Altyn Tor project
Deccan Gold Mines Limited has finalized a ₹20 crore debt arrangement with Hira Ferro Alloys Limited to support its Altyn Tor Gold Project in the Kyrgyz Republic. The loan, bearing 12% annual interest, is secured by a pledge of 2,50,000 shares in Geomysore Services (India) Private Limited and must be repaid by October 31, 2026. The transaction was disclosed under SEBI Listing Regulations on August 03, 2026.
03Aug 26
Deccan Gold finds high-grade tungsten at Spain's Logrosan project
Deccan Gold Mines Limited announced positive drill results from its Logrosan Tungsten Project in Spain, with seven completed holes intersecting potentially economic tungsten-tin mineralisation. Key assays include 1.21% WO3 in hole LDD017. The company views this as validation of the project's district-scale potential and plans continued exploration at other targets within its Spanish portfolio.
28Jul 26
Deccan Gold Mines signs MoU with CSIR-CECRI for critical minerals research
Deccan Gold Mines Limited partnered with CSIR-CECRI on July 28, 2026, to advance research in nickel extraction and battery materials. The non-binding MoU focuses on leveraging CSIR-CECRI's electrochemical expertise for Deccan Gold's assets in India and Mozambique, supporting a strategic shift toward technology-led value addition in the critical minerals sector.
01Jul 26
Deccan Gold secures ₹20 crore debt for Altyn Tor project
Deccan Gold Mines Limited has secured debt funding of ₹20 crore from Hira Infra Tek Limited to finance the completion and development of the Altyn Tor Gold Project in the Kyrgyz Republic. The loan agreement was executed on July 01, 2026, and carries an interest rate of 12% per annum on a quarterly compounding basis. This funding is critical for advancing the project undertaken by Avelum Partner LLC, a subsidiary of Deccan Gold Mines Limited.
30Jun 26
Deccan Gold Mines delegation visits Altyn Tor project from Jul 1
A delegation led by Anand Rathi Share & Stock Brokers will visit Deccan Gold Mines' Altyn Tor Gold Project in Kyrgyz Republic from July 1 to July 4, 2026. Dr. Hanuma Prasad, Managing Director, will brief the delegation on the project's status and potential.
26Jun 26
Deccan Gold inaugurates Jonnagiri Gold Project in Andhra Pradesh
Deccan Gold Mines Limited inaugurated the Jonnagiri Gold Project in Andhra Pradesh on 24 June 2026, with Chief Minister N. Chandrababu Naidu laying the foundation stone for plant expansion. The project currently processes 1,000 tonnes of ore per day to produce 400-600 kg of gold annually, targeting over 1 tonne post-expansion. The company emphasized the project's strategic importance in reducing India's gold import dependence.
23Jun 26
Deccan Gold Mines secures ₹3 crore loan for project development
Deccan Gold Mines Limited has secured a ₹3 crore loan from Modali Consultants LLP for project development. The loan has a 12-month tenure and a 12% annual interest rate, compounded quarterly. It is secured by 18,750 equity shares in Geomysore Services (India) Private Limited.
19Jun 26
Deccan Gold Mines wins ASSOCHAM runner-up award for Bhalukona Project
Deccan Gold Mines Ltd was named the runner-up in the Excellence in Mineral Discovery and Exploration category by ASSOCHAM for its Bhalukona Project in Chhattisgarh. The award follows the discovery of nickel, copper, and PGE mineralisation, with five drill holes showing potentially economic results. The company targets developing the site into India’s first Nickel-Copper-PGE mine.
15Jun 26
Supreme Court upholds pre-2015 mining lease rights; Deccan Gold Mines evaluates impact
The Supreme Court of India, in an order dated June 9, 2026, upheld the vested rights of mining lease applicants where a decision to grant the lease was taken prior to the 2015 amendments to the MMDR Act. The ruling exempts such cases from the mandatory auction regime introduced post-2015. Deccan Gold Mines Limited is currently assessing the impact of this judgment on the pending proceedings related to its Ganajur project.
10Jun 26
Deccan Gold Signs Earn-In Agreement for 51% Stake in Spanish Tungsten Project
Deccan Gold Mines Limited has entered a definitive Earn-In, Option and Shareholders Agreement to acquire a 51% stake in Logrosan Minera S.L., Spain, for EUR 1.76 million by March 2027, with options to scale up to 95%. The Logrosan Tungsten Project spans 37 km² and 40 km² licenses, with drilling results confirming tungsten mineralisation including 9m @ 0.32% WO₃. The move aligns with global critical minerals supply-chain priorities across defence, aerospace, and advanced manufacturing sectors.
10Jun 26
Deccan Gold Mines secures ₹2 crore loan for project development
Deccan Gold Mines Limited secured a ₹2 crore loan from Modali Consultants LLP for project development at 12% interest per annum. The 12-month loan is secured by pledging 12,500 equity shares in Geomysore Services (India) Private Limited.
05Jun 26
Godawari Power & Ispat Signs ₹40 Crore Loan Deal With Deccan Gold Mines
Godawari Power & Ispat Limited has extended a ₹40 crore loan to Deccan Gold Mines Limited at 12% per annum on quarterly compounding basis for a 12-month tenure. The funds are earmarked for the Altyn Tor Gold Project in the Kyrgyz Republic, with the loan secured by a pledge of 5,00,000 equity shares in Geomysore Services (India) Private Limited. The transaction is not classified as a related party transaction.
01Jun 26
Deccan Gold Grows Bhalukona Critical Minerals Discovery, Targets Significant Ni-Cu-PGE Resource
Deccan Gold Mines Limited has confirmed a 430-metre wide nickel-copper-PGE mineralised corridor at its Bhalukona project in Chhattisgarh, with depths exceeding 200m and a target zone extending up to 1.3 kilometres. Approximately 1,500 metres of diamond drilling across nine holes has confirmed sulphide mineralisation including pentlandite, chalcopyrite, and pyrrhotite, with key Ni_Eq intersections up to 1.29%. The company plans to accelerate post-monsoon drilling to define a mineable resource and progress toward mining lease applications, positioning Bhalukona as a potential landmark critical minerals discovery in India.
23May 26
Deccan Gold Grants 7.5L Stock Options at ₹20
Deccan Gold Mines Limited approved the grant of 7,50,000 stock options to eligible employees under the DGML SIP 2024 scheme. The options have an exercise price of ₹20 per share and are convertible into equity shares with a face value of ₹1. The total scheme size is 8,000,000 options, with 30,000 options reported as lapsed.
23May 26
Deccan Gold turns profitable; raises ₹315 crore
Deccan Gold Mines Limited announced that its associate company Geomysore has turned profitable with the Jonnagiri Gold Project commencing sales. The company raised ₹315 crore via a rights issue, becoming debt-free, and provided updates on its Kyrgyzstan and Bhalukona projects. Management forecasts FY2027 revenue of ₹900 crore from Jonnagiri and aims for full-scale production in Kyrgyzstan by August 2026.
22May 26
Deccan Gold secures ₹4.2 crore loan at 12%
Deccan Gold Mines Limited has secured a ₹4.2 crore loan from Beyond The Crowd Ventures LLP to fund its Altyn Tor Gold Project in the Kyrgyz Republic. The loan carries a 12% annual interest rate and a 12-month tenure, secured by a pledge of 26,250 equity shares.
22May 26
Deccan Gold Mines EGM resolution passes with 91.25% assent
Deccan Gold Mines Limited held an Extra-Ordinary General Meeting on May 21, 2026, to approve related party transactions. The resolution was passed with 91.25% of votes in favour, representing 3,79,48,434 shares, while 8.75% voted against. Public Institutions voted entirely against the proposal, whereas Public Non-Institutions largely supported it.
19May 26
Deccan Gold Mines FY26 Results: Targets ₹300 Cr Revenue, 160 Kg Gold in FY27
Deccan Gold Mines reported FY26 standalone net loss of ₹13.18 crore, narrowing from ₹466.97 million prior year, while associate Geomysore posted ₹28.81 crore profit. The company targets FY27 revenue of ₹300 crore and PAT of ₹100 crore from its Kyrgyzstan Altyn Tor project, with gold production targets of 160 kg in FY27 and 300-350 kg in FY28, and Merril Crowe circuit commissioning expected in June.
19May 26
Jonnagiri Gold Mine: India's First New Private Gold Mine Since Independence Targets Peak Annual Production of ~1 Tonne
Deccan Gold Mines has commissioned the Jonnagiri Gold Mine, India's first new private gold mine since Independence, operating as a low-cost open-pit mine with a projected life of 10–15+ years. The project targets peak annual gold production of approximately 1 tonne. FY27 revenue is estimated at ₹900 Cr, with attributable PAT to the company projected at about ₹120 Cr, highlighting the project's strong profitability potential.
19May 26
Deccan Gold Mines Discovers Significant Ni-Cu-PGE Mineralisation at Bhalukona, Chhattisgarh
Deccan Gold Mines Limited has announced significant nickel-copper-PGE mineralisation at its Bhalukona Composite Licence in Chhattisgarh, with maiden drilling confirming layered mafic intrusive complex hosting disseminated sulphides. The first drill hole, BJD-01, intersected nearly 30 metres of potentially economic sulphide mineralisation above 0.2% Ni_Eq, with a peak grade of 1.01% nickel, 0.29% copper, and 0.2 g/t palladium from 103.4 metres depth. The company has completed approximately 1,200 metres of core drilling across seven holes and plans to accelerate the programme to define a mineable resource.
15May 26
Deccan Gold Mines Re-appoints M/s. GHS Gupta & Co as Internal Auditor for FY 2026-27
Deccan Gold Mines Limited re-appointed M/s. GHS Gupta & Co, Chartered Accountants (FRN: 013201S), as its Internal Auditor for FY 2026-27 at a Board meeting held on May 14, 2026. The Board meeting commenced at 03:35 p.m. (IST) and concluded at 04:15 p.m. (IST). The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. No relationship between the firm and the company's Directors or Key Managerial Personnel was disclosed.
12May 26
Deccan Gold Mines Limited Schedules Investor Relations Call for Q4 FY2025-2026
Deccan Gold Mines Limited has scheduled an Investor Relations Call for Q4 of FY 2025-2026 on May 19, 2026, at 11:00 AM IST. The session will include a management presentation followed by a Q&A segment for participants. Registration is mandatory for participation, and a recording along with a transcript will be made available on the company's website post the event. The announcement was communicated to BSE Limited by Company Secretary & Compliance Officer Subramaniam S. on May 12, 2026.
10May 26
Deccan Gold Mines Updates Progress at Altyn Tor Gold Project, Targets Commercial Operations by August 2026
Deccan Gold Mines Limited has updated shareholders on the Altyn Tor Gold Project in the Kyrgyz Republic, confirming the full commissioning of the gravity circuit and targeting Merril-Crowe circuit commissioning in June. Concentrate production is set to begin in June, with Dore Bar production to follow. Full-scale commercial operations, subject to completion of all trials, are expected by August 2026. Approximately 130 Indian expatriates are currently on site alongside a large local workforce to accelerate progress.
20Apr 26
Deccan Gold Mines Set to Launch India's First Private Gold Mining Project in Andhra Pradesh
Deccan Gold Mines is preparing to launch India's first private gold mining project in Andhra Pradesh, with operations scheduled to begin in May. This historic development marks the entry of private enterprise into India's gold mining sector and represents a significant milestone for the country's mining industry.
08Apr 26
Deccan Gold Mines Limited Submits SEBI Compliance Certificate for Q4 FY26
Deccan Gold Mines Limited filed its mandatory SEBI compliance certificate for Q4 FY26 ended March 31, 2026, confirming proper handling of dematerialization procedures. The certificate, issued by registrar MUFG Intime India Private Limited, validates adherence to prescribed timelines and regulatory requirements, with no rematerialization requests received during the quarter.
24Mar 26
Deccan Gold Mines Commences Diamond Drilling at Bhalukona and Logrosan Critical Mineral Projects
Deccan Gold Mines Limited has commenced diamond drilling at two critical mineral projects - the Bhalukona Ni-Cu-PGE project in Chhattisgarh and the Logrosan Tungsten Project in Spain. The Bhalukona drilling targets subsurface geology below areas with anomalous rock chip samples and promising geophysical signatures, while the Spanish project aims to test tungsten zones to declare a maiden mineral resource. The company expects to share drilling results with shareholders in the coming weeks, supporting India's strategic critical minerals initiative.
03Mar 26
Deccan Gold Mines Allots 85,000 Equity Shares Under Stock Incentive Plan
Deccan Gold Mines Limited allotted 85,000 equity shares at Rs. 20/- per share under its 2024 stock incentive plan, approved by the Nomination & Remuneration Committee on March 03, 2026. The allotment increased the company's paid-up capital from Rs. 19,78,16,715 to Rs. 19,79,01,715, realizing Rs. 17,00,000 from option exercises. The plan covers 8,000,000 total options with 50,50,000 currently vested, maintaining full compliance with SEBI regulations.
18Feb 26
Deccan Gold Mines Limited schedules investor presentations for February 19-20, 2026 in Mumbai
Deccan Gold Mines Limited has scheduled investor presentations for February 19-20, 2026, with three organizations in Mumbai including Money Grow Asset Private Limited, Steinberg India Emerging Opportunities Fund Limited, and Trust Group. The company filed the intimation under Regulation 30 of SEBI regulations, with all meetings structured as one-on-one sessions. Company Secretary Subramaniam Sundaram signed the regulatory filing dated February 18, 2026.
13Feb 26
Deccan Gold Mines Q3 FY26 Results: Net Loss Narrows to ₹18.62 Million, Raises ₹314.70 Crores via Rights Issue
Deccan Gold Mines Limited announced Q3 FY26 results showing net loss of ₹18.62 million, a substantial improvement from ₹131.47 million loss in Q3 FY25. The company raised ₹314.70 crores via rights issue, allotting 3,93,37,893 shares at ₹80 per share. Board approved results on February 13, 2026, with statutory auditors providing unqualified opinion.
09Feb 26
Deccan Gold Mines Allots 8.65 Lakh Equity Shares Under Stock Incentive Plan 2024
Deccan Gold Mines Limited allotted 8,65,000 equity shares at Rs. 20/- each under its stock incentive plan 2024, generating Rs. 1,73,00,000 and increasing paid-up capital to Rs. 19,78,16,715. The allotment was approved on February 09, 2026, with the plan covering 8,000,000 total options and 49,75,000 options currently vested.
29Jan 26
Deccan Gold Mines Schedules EGM on February 20, 2026 to Approve Rights Issue Proceeds Utilisation
Deccan Gold Mines Limited has scheduled an EGM on February 20, 2026 to seek shareholder approval for deviation in utilisation of Rs. 314.70 crores Rights Issue proceeds. The company proposes investing in associate company Geomysore Services India Private Limited's rights issue to maintain its 26% shareholding and gain exposure to the Jonnagiri Gold Project. Remote e-voting will be available from February 16-19, 2026, with the meeting conducted through video conferencing at 11:30 a.m. IST.
29Jan 26
Deccan Gold Mines Set to Begin Drilling Operations at Critical Mineral Projects This Quarter
Deccan Gold Mines is preparing to start drilling operations at its critical mineral projects this quarter. This development marks an important operational milestone, indicating the company's progression from preliminary exploration to intensive drilling activities. The initiative demonstrates the company's commitment to advancing its exploration portfolio in the critical minerals sector.
21Jan 26
Deccan Gold Mines Board Meeting on January 24 to Consider GMSI Rights Issue Participation
Deccan Gold Mines Limited has scheduled a board meeting for January 24, 2026, to consider participation in GMSI's ₹200 crore rights issue and modify the utilization of its own ₹314.70 crore rights issue proceeds. The company recently acquired 26% stake in GMSI for ₹2.26 crore and now evaluates further investment opportunities in the subsidiary's expansion plans.
20Jan 26
Deccan Gold Mines Schedules Meetings with Madhu Kela Fund and Abakkus Fund
Deccan Gold Mines has scheduled meetings with Madhu Kela Fund and Abakkus Fund over the next two days. These investor engagement meetings represent opportunities for the mining company to interact with prominent institutional investors and discuss potential business prospects.
05Jan 26
Deccan Gold Mines Clears All Debts Through ₹314.70 Crore Rights Issue
Deccan Gold Mines successfully completed a ₹314.70 crore rights issue to eliminate all outstanding debts and strengthen its financial position. The debt clearance initiative enhances the company's balance sheet flexibility and positions it favorably for future growth opportunities. This financial restructuring demonstrates investor confidence and provides a solid foundation for operational expansion.
29Dec 25
Deccan Gold Mines Completes Rights Issue Allotment of 3.93 Crore Shares at ₹80
Deccan Gold Mines has successfully completed its rights issue with the allotment of 3,93,37,893 fully paid-up equity shares at ₹80 per share, raising approximately ₹314.70 crores and increasing the company's paid-up capital from ₹15.76 crores to ₹19.70 crores. This development follows earlier disclosed promoter transactions where RMML and AIR sold rights entitlements worth ₹73.41 crores on BSE.
23Dec 25
Deccan Gold Mines Eyes 75% Stake in Spanish Tungsten Project
Deccan Gold Mines Limited plans to acquire up to a 75% stake in the Logrosan tungsten project in Spain. The early-stage exploration project has shown promising mineralisation results, including tungsten intersections of 3m @ 0.42% WO3 and 8m @ 0.32% WO3, as well as high-grade gold of 1m @ 96.2g/t. The company aims to convert discovered mineralisation to Mineral Resources within 1-2 years. Spain offers advantages such as rich mineral endowment, supportive permitting, competitive costs, and proximity to European markets. Deccan Gold Mines sees this as an opportunity to expand India's presence in strategically important minerals and reduce supply-chain vulnerabilities.
22Dec 25
Deccan Gold Mines Begins Pre-Commissioning Trials at Altyn Tor Gold Project in Kyrgyzstan
Deccan Gold Mines has initiated pre-commissioning trials at its Altyn Tor Gold Project in Kyrgyzstan, signaling a transition from construction to operational readiness. This milestone is crucial for testing and validating operational systems before full-scale production commences. The project represents a significant asset in the company's portfolio, with the trials setting the stage for immediate production goals and potential future expansion.
21Dec 25
Deccan Gold Begins Pre-Commissioning Trials at Altyn Tor Gold Project
Deccan Gold Mines Limited has begun pre-commissioning trials at its Altyn Tor Gold Project in Kyrgyzstan, marking a crucial step toward commercial production. The company will process 20,000-30,000 tonnes of ore with grades slightly over 1.0 g/t Au over the coming months, producing saleable concentrate or dore bars. The mining team has completed targeted mine volumes for the year, with recent drilling results expected soon.
15Dec 25
Deccan Gold Mines Transitions Jonnagiri Gold Project to Commercial Production After Successful Trial Runs
Deccan Gold Mines has successfully completed trial runs at Geomysore's Jonnagiri Gold Project and transitioned to commercial gold production. This operational milestone marks a significant advancement in the company's mining operations, demonstrating the project's readiness for sustained gold mining activities.
15Dec 25
Deccan Gold Mines: Jonnagiri Project Produces 40kg Gold in Trial Runs
Deccan Gold Mines Limited announced that its associate company Geomysore Services has successfully completed trial production at the Jonnagiri Gold Project in Andhra Pradesh, producing 40kg of dore bar. The project is now transitioning to commercial production after 12 years of development work, with all processing equipment and workflows firmly established according to feasibility study expectations.
03Dec 25
Deccan Gold Mines Approves ₹314.70 Crore Rights Issue at ₹80 Per Share
Deccan Gold Mines Limited (DGML) has approved a rights issue of 3,93,37,893 shares at ₹80 per share, aiming to raise ₹314.70 crore. The issue opens on December 17, 2025, and closes on December 26, 2025, with a record date of December 9, 2025. DGML plans to use the funds for debt repayment and exploration activities. The company has successfully commissioned its Jonnagiri Plant, is preparing for trial production in Kyrgyzstan, and has discovered nickel-copper-PG mineralization at the Bhalukona project.
30Nov 25
Deccan Gold Mines Reschedules Board Meeting to December 3 for Rights Issue Deliberation
Deccan Gold Mines Limited has rescheduled its Board meeting to December 3 to finalize terms of a proposed Rights Issue. The meeting will consider the issue price, entitlement ratio, number of equity shares, record date, and issue schedule. This follows BSE's in-principle approval on November 28. The company aims to raise up to Rs 315.00 crore through equity shares with a face value of Re. 1 each. The rights issue will comply with applicable laws and regulations, subject to necessary approvals.
20Nov 25
Deccan Gold Mines Unveils Global Expansion Plans in Investor Presentation
Deccan Gold Mines Limited (DGML) presented an ambitious roadmap for global gold and critical minerals operations. Key points include a planned rights issue of up to ₹315.00 crores, targets to increase gold production at Jonnagiri (India) and Altyn Tor (Kyrgyzstan) to 1 tonne per annum each by 2030, expansion into critical minerals like lithium and tantalum in Mozambique, and advancement of gold exploration projects in Finland. The company also highlighted its Bhalukona Nickel Project in Chhattisgarh and outlined its strategy for near-term production and long-term exploration across multiple jurisdictions.
12Nov 25
Deccan Gold Mines Reports Quarterly Loss, Appoints New Director and Auditors
Deccan Gold Mines Limited reported a net loss of Rs 5.17 crore for Q2 2025, up from Rs 4.55 crore loss in the previous year. The company appointed Mr. Vishwas Vasanth Rao as a Non-Executive Independent Director for 5 years, effective November 12, 2025. Rathi & Associates were named Secretarial Auditors for FY2025-26 to FY2029-30. The 41st Annual General Meeting is scheduled for December 23, 2025, with book closure from December 17-23, 2025. The Rights Issue decision was postponed due to pending BSE queries. Deccan Gold Mines operates through subsidiaries and associates in Tanzania, Kyrgyzstan, Dubai, Mozambique, India, and Finland.
05Nov 25
Deccan Gold Mines Explores Fundraising Options Through Equity or Bonds
Deccan Gold Mines Limited (DGML) announces plans to explore fundraising options, including equity shares or bonds issuance. A board meeting is scheduled for November 8, 2025, to discuss various fundraising modes such as rights issue, preferential issue, and qualified institutions placement. The board will consider forming a fundraising committee, determining instrument pricing and terms, and deciding on issue size. The company has closed its trading window for designated persons until 48 hours after the announcement of Q2 financial results.
28Oct 25
Deccan Gold Mines Expands into Critical Minerals with New Subsidiary 'Novadhatu Minerals'
Deccan Gold Mines Limited (DGML) has established a wholly-owned subsidiary, Novadhatu Minerals Private Limited, to focus on critical mineral projects in India. Incorporated on October 27, 2025, with an authorized share capital of ₹10.00 Lakh, Novadhatu Minerals will engage in exploration, mining, processing, and trading of critical minerals, particularly Nickel and Platinum Group Elements (PGEs). The subsidiary aims to explore, develop, and extract these minerals, set up processing facilities, and engage in related manufacturing and trading activities. This strategic move diversifies DGML's portfolio and positions the company to capitalize on the growing demand for critical minerals in emerging technologies and India's industrial sector.
10Oct 25
Deccan Gold Mines Initiates Pre-Commercial Production Trials at Jonnagiri Plant
Deccan Gold Mines has begun pre-commercial production trials at its Jonnagiri Process Plant in Andhra Pradesh, India. This marks a significant step towards full commercial production for the company. The plant's strategic location in mineral-rich Andhra Pradesh and the commencement of trials indicate operational readiness. While not yet generating revenue, this development is a positive indicator of the company's progress in the gold mining sector.
30Sept 25
Deccan Gold's Altyn Tor Project Heralds New Era in India-Kyrgyzstan Mining Collaboration
Deccan Gold Mines Ltd. is set to commence production at its Altyn Tor Gold Project in Kyrgyzstan by October 2025. This marks the first overseas mining investment by an Indian company in Kyrgyzstan, aligning with India's Atmanirbhar Bharat vision. The project, located in the Soltan Sary zone, has an estimated resource of 4.65 million tonnes grading 1.21 g/t Au for 180 koz. The venture aims to strengthen bilateral economic ties between India and Kyrgyzstan while demonstrating sustainable and transparent mining practices.
18Sept 25
Deccan Gold Mines Poised for Full Production at Pioneering Private Gold Mine in Andhra Pradesh
Deccan Gold Mines is preparing to commence full-scale production at a gold mine in Andhra Pradesh, marking a significant milestone as India's first major private gold mine. This development represents a shift in India's mining landscape, potentially boosting domestic gold production and reducing reliance on imports. The project is expected to have a positive economic impact on the region, creating jobs and contributing to local development. While specific production targets and timelines are not disclosed, the move suggests confidence in the mine's potential and operational readiness.
16Aug 25
Deccan Gold Mines Reports Q1 FY26 Results: Revenue Dips, Profit Surges
Deccan Gold Mines Limited released Q1 FY26 results, showing a 10.5% QoQ decrease in revenue to Rs. 529.21 crores, but a 19% YoY increase. Net profit after tax rose significantly by 69.6% YoY to Rs. 134.07 crores, despite a 33.5% QoQ decline. The company's Basic and Diluted EPS for Q1 FY26 was Rs. 1.76. The results, approved on August 13, 2025, indicate improved operational efficiency despite revenue challenges.
04Aug 25
Deccan Gold Mines Unearths Potential Nickel-Copper-PGE Discovery in Chhattisgarh
Deccan Gold Mines Limited has announced a significant discovery of nickel, copper, and platinum group elements (PGE) at its Bhalukona Nickel Project in Chhattisgarh. The mineralized zone stretches approximately 700 meters and shows similarities to known nickel deposits globally. Advanced exploration techniques, including drone magnetic surveys and geophysical IP surveys, have been employed. The company plans to commence drilling after the local harvest season and conduct further soil sampling. This discovery aligns with India's focus on critical minerals and could contribute to the country's self-reliance in mineral supply chains.
30Jul 25
Deccan Gold Mines Expands Footprint with 1,000 sq km Mineral-Rich Acquisition in Mozambique
Deccan Gold Mines Limited (DGML) has secured exploration rights for approximately 1,000 square kilometers of mineral-rich tenements in the Tete Complex of Central-West Mozambique. The expansion focuses on copper, gold, nickel, platinum group elements, and other base metals. DGML has established two subsidiaries in Mozambique: Deccan Gold Mozambique Ltda and Deccan Mineracao Mozambique LDA. The company plans to conduct initial exploration studies, including geophysics, soil sampling, and drilling. Evidence of copper mineralization has already been observed in the area.
30Jul 25
Deccan Gold Mines Expands Portfolio with 1,000 sq km Mineral-Rich Land Acquisition in Mozambique
Deccan Gold Mines Limited (DGML) has secured exploration rights over 1,000 square kilometers in Mozambique's Tete Complex. The company established a new subsidiary, Deccan Mineracao Mozambique LDA (DMMOZ), to focus on copper, nickel, PGEs, and gold projects. The area is prospective for copper and other base metals, with evidence of copper mineralization already observed. DGML plans to conduct initial exploration studies in the coming months, including geophysics, soil sampling, and drilling.
28Jul 25
Deccan Gold Mines Limited Unveils New Corporate Logo
Deccan Gold Mines Limited has adopted a new corporate logo as part of its brand evolution strategy, announced in a BSE filing on July 28, 2025. The new logo, designed to reflect corporate professionalism and growth, features a streamlined 'DECCAN GOLD' typography, dropping the 'MINES LIMITED' text from its previous version. This rebranding effort aims to enhance the company's visibility and perception in the exploration and mining sector.
06Jun 25
Deccan Gold Mines Set to Launch India's First Post-Independence Gold Mine
Deccan Gold Mines Ltd. has received approval from the Andhra Pradesh Pollution Control Board to begin operations at the Jonnagiri Gold Mines in Andhra Pradesh. This project marks India's first operational gold mine since independence. The mine has confirmed resources of 361,000 ounces of gold, with 271,000 ounces accessible through open-pit mining. At peak production, the mine is expected to yield 750 kg of gold annually. This development could boost domestic gold production and reduce India's reliance on gold imports.
04Jun 25
Deccan Gold Mines Affiliate Secures Operational Approval for Jonnagiri Gold Project
Geomysore Services (India) Pvt. Ltd., an affiliate of Deccan Gold Mines, has received consent to operate for its Jonnagiri Gold Project from the Andhra Pradesh Pollution Control Board. This approval allows the company to start gold production activities at the Jonnagiri site. The development is significant for Deccan Gold Mines due to its association with Geomysore Services and could have positive implications for its future prospects in the gold mining sector.
19Feb 25
Deccan Gold Mines Receives Strong Local Support for Jonnagiri Gold Project
Deccan Gold Mines Limited (DGML) reported significant progress for its Jonnagiri Gold Project in Andhra Pradesh. A public consultation on February 18, 2025, saw strong local support and participation. The company received suggestions on local employment, environmental protection, and CSR activities. DGML's Managing Director, Dr. Hanuma Prasad Modali, expressed gratitude for the support and commitment to addressing community concerns. This consultation is a crucial step towards obtaining environmental clearance for the plant component, bringing India's first private sector gold mine closer to reality.
Industry PeersDeccan Gold Mines
Nanavati Ventures
Utique Enterprises
Amanaya Ventures
225.94
(+3.00%)
81.80
(-0.12%)
3.87
(0.0%)
14.00
(0.0%)
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
