New Launch15 Dec 2025, 08:37 pm
Deccan Gold's Associate Company, Geomysore, Achieves Gold Production at Jonnagiri Project
AI Summary
Geomysore Services (India) Private Limited, an associate company of Deccan Gold Mines Ltd, has successfully completed trial runs at its Jonnagiri Gold Project in Andhra Pradesh. The project has established all equipment and process flows as envisaged during feasibility studies, producing approximately 40kg of dore bar during the trial. The project is now transitioning into commercial production, which will significantly contribute to India's domestic gold production. Deccan Gold holds a 27% stake in Geomysore, with major shareholders being Lloyds Enterprises / Thriveni Group.
Key Highlights
- Geomysore's Jonnagiri Gold Project has completed successful trial runs
- The project has produced approximately 40kg of dore bar during the trial
- The project is transitioning to commercial production
- Deccan Gold Mines Ltd holds a 27% stake in Geomysore
- The project will significantly contribute to India's domestic gold production