Deccan Gold Mines Shares Jump Over 14% as It Produces First Gold Doré at Altyn Tor Project in Kyrgyzstan

Deccan Gold Mines Ltd. announced the successful production of its first gold doré at the Altyn Tor Gold Project in Kyrgyzstan, describing the achievement as a key milestone in its transition from an explorer to a gold producer, as per the exchange filings.  

First Gold Doré Produced at Altyn Tor Project 

The company processed a batch of gravity circuit concentrate through its newly installed Intensive Leach System (ILS) as part of a proof-of-concept run.  

Gold recovered from the leach solution was processed using the Merrill-Crowe method before being smelted into gold doré. 

According to the company, the exercise confirmed that the metallurgical recovery achieved during laboratory testing can be replicated under live operating conditions, reducing execution risk for the project as it moves towards full-scale commercialisation.  

Company Sees Milestone as Major De-Risking Event 

Managing Director Dr. Hanuma Prasad Modali said the successful production of the first gold doré validates the complete processing flowsheet from gravity concentration and intensive leaching to gold recovery and doré production.  

He added that the achievement strengthens confidence in the project's commercial potential and the company's strategy of building a diversified portfolio of producing gold and critical mineral assets.  

About the Altyn Tor Project 

Deccan Gold holds a 60% stake in Avelum Partners LLC, the developer and operator of the Altyn Tor Gold Project, making it the first investment by an Indian mining and exploration company in Kyrgyzstan. The project currently hosts an estimated 180,000 ounces (5.6 tonnes) of gold in mineral resources. 

The processing plant is being upgraded with gravity and leaching circuits, while ongoing drilling has identified extensions of the deposit beyond the current pit design. The company plans to update mineral resources and prepare a revised life-of-mine plan for regulatory approval.  

Read More: Swiggy Share Price Gains Over 2% as It Targets ₹10,000 Crore Adjusted EBITDA by FY31! 

Deccan Gold Mines Share Price Performance 

As of August 06, 2026, at 2:39 PM, Deccan Gold Mines share price was trading at ₹227.51 per share, reflecting a surge of 14.37% from the previous trading session. 

Conclusion 

The production of the first gold doré marks a significant operational milestone for Deccan Gold, demonstrating the viability of its processing flowsheet and advancing the Altyn Tor Project towards commercial production. The development also supports the company's strategy of expanding its portfolio of gold and critical mineral assets across international markets.  

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