Project Significance
The Altyn Tor Gold Project represents a landmark achievement for Deccan Gold Mines Limited and its stakeholders. The project has successfully progressed from exploration and development to production. The company believes this to be the first investment by an Indian company in the gold mining sector of the Kyrgyz Republic to reach the production stage.
Management Commentary
Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines Limited, commented that the inclusion in the national inauguration programme presided over by the President of the Kyrgyz Republic is "a matter of immense pride" for the company. He stated this recognition reflects the importance of the project to the economic development of the Kyrgyz Republic and acknowledges the efforts of teams and partners who worked to bring the project into production.
Dr. Modali emphasized that Altyn Tor holds historical significance as the first Indian investment in the Kyrgyz gold mining sector to reach production stage. The company remains committed to building a world-class mining operation that creates long-term value for all stakeholders while strengthening the economic partnership between India and the Kyrgyz Republic.
Future Communications
The company shall continue to keep the Stock Exchange informed of further material developments in this regard.