Deccan Gold Mines Secures Rs 60 Crore Investment for Key Gold Projects

Deccan Gold Mines Ltd (DGML) has received a Rs 60 crore investment commitment to develop its Jonnagiri Gold Project in India and Altyn Tor Gold Project in Kyrgyzstan. The investment comes from Ardent Steel, Hira Infra Tek Pvt Ltd, and Med Edu Care Marketing Management. DGML also has a significant stake in Geomysore Services India Ltd.

Deccan Gold Mines Ltd (DGML) announced on Tuesday that it has secured an investment commitment of Rs 60 crore aimed at enhancing its crucial projects: the Jonnagiri Gold Project in India and the Altyn Tor Gold Project in Kyrgyzstan.

The substantial investment has been committed by Ardent Steel, Hira Infra Tek Pvt Ltd, and Med Edu Care Marketing Management, Dubai, as noted in the company's filing to the BSE. The funds are expected to be disbursed over the next couple of months.

As the first and only gold exploration company listed on BSE, DGML has a 40 per cent stake in Geomysore Services India Ltd, which is spearheading the development of the first private sector gold mine at Jonnagiri. Established in 2003, DGML has a longstanding history of involvement in gold exploration activities both within India and internationally.

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