Deccan Gold Mines Boosts Efforts for Full-Scale Production at Jonnagiri

Deccan Gold Mines Ltd (DGML) aims to commence full-scale production at the Jonnagiri Gold Project in Andhra Pradesh by the end of this financial year, as per their annual report. DGML, listed on BSE, holds a 40% stake in Geomysore Services India Ltd, which is overseeing the project.

Deccan Gold Mines Ltd (DGML) is intensifying efforts to commence full-scale production at the Jonnagiri Gold Project in Andhra Pradesh by the fiscal year's end, according to the company's annual report.

DGML, the first and only gold exploration company listed on BSE, holds a 40% stake in Geomysore Services India Ltd (GMSI), which is responsible for developing the Jonnagiri mine, the first private sector gold mining project in India.

The report highlights the company's efforts at Jonnagiri, where full-scale production aims to yield approximately 750 kilograms of gold annually. The project has already initiated pilot operations and holds a mineral resource totaling 6.5 million tonnes.

(With inputs from agencies.)