Deccan Gold Mines speeds up production in Kyrgyzstan

Deccan Gold Mines Limited (BSE: 512068), India’s first and only publicly listed gold and critical mineral company, on Tuesday announced significant progress at its flagship Altyn Tor Gold Project in Kyrgyzstan. The company confirmed that major construction milestones have been met, putting it firmly on track to begin commissioning its crushing and milling circuit by April 3, 2025.

Deccan Gold Mines Limited (BSE: 512068) is India’s first and only listed gold exploration company. Established in 2003, DGML holds a strategic portfolio of gold and mineral exploration assets across India and internationally, including projects in Andhra Pradesh, Karnataka, Mozambique, Kyrgyzstan, and Finland.

Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines, said,

“With the ball mill foundation laid and key equipment fabrication accelerating, we are on track for timely commissioning—proof that responsible mining and rapid execution can go hand in hand. Altyn Tor is not merely a construction milestone; it signals India’s emerging leadership in the global mineral economy and our commitment to building a modern, inclusive ecosystem that benefits Kyrgyzstan, India, and future generations alike."

He said "at Deccan Gold Mines, we are committed to setting new benchmarks for ethical mining, cross-border collaboration, and resource-driven progress that benefits both nations and communities.”

Currently, over 50 skilled civil workers are engaged at the site. Civil work for the elution building is in progress, with base rafts and first tank slabs nearing completion. Waste stripping operations have also commenced to expose high-grade ore zones in anticipation of processing plant commissioning.

“This is not just a mining project—it's an economic catalyst,” Dr. Modali added. “We are committed to long-term partnerships and sustainable growth in Kyrgyzstan. Our project has already integrated over 150 local workers, and we are just getting started.”

Deccan Gold is also pursuing an aggressive drilling program of approximately 5,000 metres to expand the project’s resource base. Results from 2024 exploration revealed high-grade mineralisation extending west and below the current pit design. The ongoing program is expected to increase total resources beyond 200,000 ounces of gold, unlock opportunities for both a larger open pit and a high-grade underground operation and extend mine life to over 10 years, generating value for shareholders, the Kyrgyz Government, and local communities.

Located in the gold-rich mountains of Kyrgyzstan, the Altyn Tor (Gold Mountain) project is operated by Avelum Partners LLC, in which DGML holds a 60% controlling interest. Once operational, it will become the first Indian-owned gold production facility in Central Asia.