Deccan Gold Mines targets 700–750 kg gold output by FY28, explores critical minerals - BusinessLine

AI desk brief

Deccan Gold Mines says Jonnagiri is currently producing 35–40 kg of gold a month and is targeting 700–750 kg a year by FY28, though the step-up would likely come only after about four years and require an underground transition plus more capex. The company expects around 300 kg/year to continue for at least four years before ramping to peak capacity, with Jonnagiri mine life estimated at 12–15 years.

Near term, the Kyrgyzstan project offers a low-cost production opportunity from tailings and low-grade stockpiles that could support four to five years of operations, with overall recovery expected around 90%. Deccan also plans drilling in Finland this month, aiming to lift identified gold resources from about 4 tonnes to 6–8 tonnes, while it evaluates roughly ₹2,500 crore of funding needs across projects and seeks subsidies for critical minerals.