Deccan Gold Mines Limited has announced a significant milestone in India’s gold mining sector. Its associate company, Geomysore, has commenced pre-commercial production trials at the Jonnagiri Process Plant in Andhra Pradesh.
Deccan Gold holds a 27% stake in Geomysore, while the majority stake is held by Thriveni Group and Lloyds Enterprises. The company confirmed that ore production is already underway and processing plant trials have begun, marking the project’s transition from development to the pre-commercial trial production stage.
Commercial production at the Jonnagiri Gold Project is targeted to begin by November 2025. Once fully operational, the project is expected to scale up gradually and produce up to 900 kilograms of refined gold annually by FY28.
Commenting on this achievement, Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines, said, “This is a major achievement which lays the foundation stone for the revival of the gold mining industry in India. It will boost further investments into the gold mining sector, which is in need of capital infusion and new discoveries. As a key shareholder of Geomysore, Deccan Gold is proud to be part of this project. I extend my sincere appreciation to all stakeholders and teams whose vision, commitment, and perseverance have enabled Geomysore to reach this pivotal stage in its journey.”