Bengaluru firm Deccan Gold Mines to up its gold production capacity, forays into critical mineral sector - thehindu.com

AI desk brief

Deccan Gold Mines said it is expanding gold production capacity across its India, Kyrgyzstan and Finland projects, with Jonnagiri/Swarnagiri currently producing more than 1 kg/day and targeted to reach 400-600 kg annually in FY2026-27 before scaling to 1.2-2 tonnes/year from 2030. The Kyrgyzstan mine is slated for 300 kg/year initial capacity and potentially more than 700 kg/year at peak within five years, after ₹350 crore of investment.

Management also said India could produce up to 100 tonnes of gold per year versus current output of about 1.5 tonnes, but argued that regulatory delays and policy hurdles are slowing project development. The company said 35 gold-minable blocks across multiple Indian states have been halted, while highlighting royalty rates of 5.28% in India, 5% in Kyrgyzstan and 3% in Finland.