Deccan Gold Mines Secures Rs 60 Crore Investment for Key Projects

Deccan Gold Mines Ltd (DGML) announced that it has secured an investment commitment of Rs 60 crore for the development of its key projects—the Jonnagiri Gold Project in India and the Altyn Tor Gold Project in Kyrgyzstan. The investment commitment comes from Ardent Steel, Hira Infra Tek Pvt Ltd, and Med Edu Care Marketing Management, Dubai, as stated in a filing to BSE. The funds are expected to be received over the next couple of months. DGML has a 40% stake in Geomysore Services India Ltd, which is working on developing the first private sector gold mine at Jonnagiri. Established in 2003, DGML has a strong background in exploration and mining activities, and its exploration efforts in India have led to the discovery of gold deposits in Karnataka. Since 2021, DGML has also been involved in merger and acquisition activities as part of its expansion and diversification plans.