Deccan Gold Mines expands global operations, expects production this year

Deccan Gold Mines Limited (BSE:DECNGOLD) has published its Integrated Annual Report for the financial year 2024-25 and the notice for its 41st Annual General Meeting (AGM) on December 23, 2025. The report highlights the company's expansion into critical minerals with new copper projects in Mozambique and nickel-chromium-PGE projects in India.

The company is also undertaking construction and mill upgrades at the Jonnagiri Gold Project (India) and Altyn Tor Gold Project (Kyrgyzstan), with production expected to commence later this year. Resource drilling in Kyrgyzstan is anticipated to increase total reserves at Altyn Tor.

For FY 2024-25, Deccan Gold Mines reported total revenue of INR 45,402 thousands and a loss of INR (4,66,973) thousands. Key audit matters included the conversion of compulsorily convertible debentures and warrants into equity shares, and the acquisition of further stakes in subsidiaries and associates in India, Tanzania, Dubai, and Finland. Avelum Partner LLC in Kyrgyzstan remains a material subsidiary based on the company’s consolidated financial statements.

Shareholders are invited to participate in the AGM remotely. Related party transactions, including those with Avelum Partner LLC, Geomysore Services (India) Private Limited, and Kalevala Gold Oy, are disclosed and will be subject to shareholder approval. Proposed transactions for FY 2025-26 are estimated at up to INR 50,00,00,000 for Avelum and Geomysore, and up to INR 15,00,00,000 for Kalevala.