Key Event Details
Deccan Gold Mines Limited (BSE: 512068) achieved a landmark milestone with the inauguration of the gold processing plant at the Altyn Tor Gold Project by His Excellency Mr. Sadyr N. Japarov, President of the Kyrgyz Republic, through an online ceremony on September 12, 2026.
Project and Operational Status
The Altyn Tor Gold Project is operated through Deccan Gold's Kyrgyz subsidiary Avelum Partner LLC. The project has progressed from exploration and development to production, making Deccan Gold the first Indian company to take a gold mining project in the Kyrgyz Republic to the production stage. First gold doré was produced at Altyn Tor in August 2026.
Location and Geological Details
The Altyn Tor project is located in the Naryn region of central Kyrgyzstan, approximately six hours by road from the capital Bishkek. The deposit forms part of the highly mineralized Soltan Sary mineralization zone, which extends over 300 km in length and is part of the major Tien Shan Shear Zone. Gold mineralization is hosted in quartz, quartz-carbonate veins and stockworks.
Current Focus and Next Steps
The Company is now focused on advancing the project towards full-scale production, including completion and commissioning of the leach circuit and tailings facility, revised mine planning, and further resource drilling.
Strategic Significance and Company Transformation
This milestone represents Deccan Gold's transformation from exploration to production and from a domestic gold story to a global mining ambition. The company is expanding beyond traditional gold exploration into a diversified portfolio of gold and critical minerals across India and international markets.
International Portfolio Expansion
The company's expanded portfolio includes nickel-copper-PGE in Chhattisgarh, tungsten and tin in Spain, and lithium and tantalum in Mozambique. The strategy focuses on moving across the mining value chain from exploration and resource discovery to development, production, and downstream value creation.
Attendees and Dignitaries
The inauguration was attended by senior representatives of Deccan Gold and Avelum Partner at the project site, along with the Hon'ble Ambassador of India to the Kyrgyz Republic, Mr. Birender Singh Yadav, and Mr. Kubat Beishenbekovich Abdraimov, Chairman of Kyrgyz Altyn.
Management Commentary
Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines Limited, stated: "Altyn Tor is a defining moment for Deccan Gold and Indian mining. Taking a project from exploration to production overseas requires capital, capability, perseverance and the trust of the host nation. This milestone shows that Indian mining companies can develop resources responsibly and compete on the global stage."