This Multibagger and the only listed gold exploration stock is in focus as it jumped 14.27 percent after it received approval from the Andhra Pradesh Pollution Control Board (APPCB).
With a market capitalisation of Rs. 2,569 Crore, the stock of Deccan Gold Mines opened at Rs. 165, up 10.58 percent from yesterday’s close, and after opening, it made a high of Rs. 170.50, up 14.27 percent. Additionally, the Yearly return for the stock is 55 percent, and the past 5-year return is an impressive 926 percent.
Jonnagiri Gold Project Update
Geomysore Services, in which Deccan Gold Mines holds a major stake, has informed the company that its Jonnagiri Gold Project has received the Consent to Operate (CTO) from the Andhra Pradesh Pollution Control Board (APPCB).
Earlier in February 2025, a public meeting was successfully held as part of the approval process for the project. After that, in April 2025, the Plant Component of the project got environmental clearance from the Ministry of Environment, Forest and Climate Change.
About the Company
Established in 2003 and headquartered in Bengaluru, Deccan Gold Mines is India’s first and only listed gold exploration company. The company focuses on gold exploration and mining, with significant activities in the Dharwar-Shimoga and Hutti-Maski belts of Karnataka, and the Ramagiri schist belt in Andhra Pradesh.
DGML holds a 40 percent stake in Geomysore Services India Pvt Ltd, which is developing the Jonnagiri Gold Project in Andhra Pradesh India’s first private gold mine since independence.
Written By Abhishek Das
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