Deccan Gold Mines
118.60
-0.50(-0.42%)
Market Cap₹1,969.80 Cr
PE Ratio-32.60
Company Performance:
1D-0.42%
1M-9.26%
6M-14.31%
1Y-5.23%
5Y+716.24%
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More news about Deccan Gold Mines
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.
25Aug 25
Deccan Gold Advances Altyn Tor Gold Project, Targets October 2025 for Commercial Production
Deccan Gold Mines Limited has provided an update on its Altyn Tor Gold Project in Kyrgyzstan. The company aims to begin commercial operations from the gravity circuit by mid to late October 2025. Key progress includes commissioning of conveyor systems, successful trial runs of crushing equipment, ongoing ball mill installation, and advancement in power infrastructure. The project faces potential risks from early winter conditions, but contingency measures are in place. The Altyn Tor deposit has estimated mineral resources of 4.65 Mt at 1.21 g/t Au, containing 180 koz of gold.
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.
05Jun 25
Deccan Gold Mines: First Gold Mine in India Since Independence to Begin Production
Geomysore Services, an associate of Deccan Gold Mines Limited (DGML), has received the Consent to Operate from the Andhra Pradesh Pollution Control Board for its Jonnagiri Gold Project. The project is expected to produce 400 kg of gold in its first year, potentially reaching 750 kg annually at peak production. Operations are set to commence in a couple of months after trial runs, with anticipated revenue of Rs 300-350 crore and an EBITDA margin of 60%. This project is poised to become India's first gold mine to begin production since independence.
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.
Deccan Gold Mines
118.60
-0.50
(-0.42%)
1 Year Returns:-5.23%
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