Deccan Gold Mines Ltd News

India's 1st pvt gold mine in Andhra to begin full-scale production: DGML MD

India's first large private gold mine in Andhra Pradesh is likely to start its full-scale production very soon, a top official of Deccan Gold Mines Ltd said on Thursday. The development assumes significance as India currently imports around 1,000 tonnes of gold every year. The country is the largest importer of gold after oil. Deccan Gold Mines Ltd (DGML), the first and only gold exploration company listed on BSE, has a stake in Geomysore Services India Ltd, which is developing the first private sector gold mine at Jonnagiri, in Andhra Pradesh. The Jonnagiri gold project, he said, has received environment clearance in the months of June and July, and state clearances have also been sought. "The project stabilisation is going on... it is only the technology of the plant which is being worked out... full-scale production will begin very soon," Deccan Gold Mines Ltd Managing Director Hanuma Prasad said on the sidelines of CII India Mining Summit 2025. The project is expected to produ