Deccan Gold Mines zooms on starting pre-commissioning trials at Altyn Tor Gold Project in Kyrgyzstan
Deccan Gold Mines is currently trading at Rs. 89.65, up by 2.70 points or 3.11 % from its previous closing of Rs. 86.95 on the BSE.
The scrip opened at Rs. 88.85 and has touched a high and low of Rs. 93.65 and Rs. 87.55 respectively. So far 563299 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 162.35 on 05-Jun-2025 and a 52 week low of Rs. 81.22 on 27-Mar-2025.
Last one week high and low of the scrip stood at Rs. 99.00 and Rs. 85.75 respectively. The current market cap of the company is Rs. 1803.09 crore.
The promoters holding in the company stood at 24.16%, while Institutions and Non-Institutions held 2.03% and 73.81% respectively.
Deccan Gold Mines has started pre-commissioning trials at its Altyn Tor Gold Project of its subsidiary company viz., Avelum Partner LLC, Kyrgyzstan (Avelum). Subject to weather conditions, trials will be done on a sequential basis over the next few months starting with the crushing, grinding, and gravity concentration circuits then followed by the leaching circuit.
The pre-production trials are a precursor to progressive commissioning of the process plant. During this period, the company expects to process between 20,000 to 30,000 tonnes of ore with a grade slightly over 1.0 g/t Au. Gold recovered during the pre-commissioning trials will be produced as a saleable concentrate or doré bars. This marks an important milestone on the road to full-scale gold production at the mine site. In other areas, the mining team have completed the targeted mined volume for the year and results from samples collected from the recent resource drilling programme are expected in the next few weeks.
Deccan Gold Mines (DGML) is the first private sector gold exploration company in India. The company has a large portfolio of exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala and Rajasthan.
