India's First Large Pvt Gold Mine In Andhra Pradesh To Begin Full-scale Production: DGML MD
Deccan Gold Mines Ltd (DGML), the first and only gold exploration company listed on BSE, has a stake in Geomysore Services India Ltd, which is developing the first private sector gold mine at Jonnagiri, in Andhra Pradesh
New Delhi: India’s first large private gold mine in Andhra Pradesh is likely to commence full-scale production very soon, a top official of Deccan Gold Mines Ltd (DGML) said on Thursday.
Deccan Gold Mines Ltd, the first and only gold exploration company listed on the BSE, holds a stake in Geomysore Services India Ltd, which is developing the country’s first private sector gold mine at Jonnagiri in Andhra Pradesh.
The Jonnagiri gold project, he said, received environmental clearance in June and July, while state-level approvals have also been sought.
“The project stabilisation is under way... it is only the plant technology that is being worked out... full-scale production will begin very soon,” DGML Managing Director Hanuma Prasad said on the sidelines of the CII India Mining Summit 2025.
The project is expected to produce around 750 kilograms of gold per annum once it starts full operations, with output projected to scale up to 1,000 kilograms within two to three years.
“India’s current gold production stands at 1.5 tonnes... once our mine begins, nearly one more tonne will be added,” he explained.
The gold mine is located near Jonnagiri, Erragudi and Pagadirayi villages within Tuggali Mandal of Kurnool district, Andhra Pradesh.
Established in 2003 by promoters with extensive experience in exploration and mining, DGML has been actively engaged in gold exploration activities both in India and overseas. Its mining assets are spread across the Indian peninsula, Kyrgyzstan, Finland and Tanzania.
