New DELHI, : Deccan Gold Mines Ltd (DGML) on Tuesday said its flagship Altyn Tor Gold project in Kyrgyzstan has achieved a major construction milestone and will commission its crushing and milling circuit in the second half of 2025.
The project, located in Kyrgyzstan’s gold-rich mountains, is operated by Avelum Partners LLC, in which Deccan Gold holds a 60 per cent controlling interest. Once operational, it will become the first Indian-owned gold production facility in Central Asia.
“With the ball mill foundation laid and key equipment fabrication accelerating, we are on track for timely commissioning — proof that responsible mining and rapid execution can go hand in hand,” Managing Director Hanuma Prasad Modali said in a statement.
Pumps, compressors and conveyors have been ordered and are expected onsite within four weeks. A sewerage treatment plant has been ordered to meet Kyrgyzstan’s ecological standards, and preparations are ongoing to commission the crushing and milling circuit within two months.
“This is not just a mining project — it’s an economic catalyst,” Modali said. “We are committed to long-term partnerships and sustainable growth in Kyrgyzstan. Our project has already integrated over 150 local workers, and we are just getting started.”
Deccan Gold is pursuing an aggressive drilling program of approximately 5,000 metres to expand the project’s resource base. Results from 2024 exploration revealed high-grade mineralisation extending west and below the current pit design.
The ongoing program is expected to increase total resources beyond 200,000 ounces of gold, unlock opportunities for both a larger open pit and high-grade underground operation, and extend mine life to over 10 years.
Deccan Gold Mines, listed on the BSE, describes itself as India’s first and only listed gold exploration company. Established in 2003, the company holds exploration assets across India and internationally, including projects in Andhra Pradesh, Karnataka, Mozambique, Kyrgyzstan and Finland.
