Deccan Gold associate begins gold production trials in India
Deccan Gold Mines Limited announced the commencement of pre-commercial production trials (PCOD) at the Jonnagiri Process Plant of Geomysore Services (India) Private Limited, located in Andhra Pradesh, India. Deccan Gold holds a 27% stake in Geomysore, with the majority held by Thriveni Group / Lloyds Enterprises.
The Jonnagiri Gold Project has transitioned from development to pre-commercial trial production. Commercial production is targeted to begin in November 2025, with the project aiming to scale up to produce up to 900 kgs of refined gold annually by FY 2028.
dr. Hanuma Prasad Modali, managing director of Deccan Gold Mines Limited, hailed this as a significant achievement, laying the foundation for the revival of India's gold mining industry and boosting investments. He expressed appreciation for the collaborative effort enabling Geomysore to reach this pivotal stage.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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