Deccan Gold Mines reports FY26 consolidated loss of ₹73.17 Cr; Geomysore profitable

Deccan Gold Mines Limited announced its Q4 and FY26 financial results, marking a strategic shift towards production-linked growth. For FY26, the company reported a standalone loss of ₹13.18 crore and a consolidated loss of ₹73.17 crore, primarily due to investments and operational ramp-up expenses for its Kyrgyzstan subsidiary, Avelum Partners LLC, which incurred a loss of ₹37.80 crore. However, consolidated performance was significantly bolstered by associate company Geomysore Services India Pvt. Ltd., which reported a profit of ₹28.81 crore from gold sales, with Deccan Gold's share being ₹7.49 crore. The Jonnagiri Gold Project commenced production activities. Internationally, the Altyn Tor Gold Project in Kyrgyzstan is targeting full-scale commercial production from August 2026, with the gravity plant commissioned and leaching circuit expected soon. Following a ₹314.70 crore rights issue, the company deleveraged by repaying ₹211.57 crore in loans. Deccan Gold also increased its stake in Geomysore to 26% and continued exploration activities at Bhalukona. The company views FY26 as a pivotal transition to a production-oriented mining platform.