BSECompany Update12 Sept 2026 · 12 Sept 2026, 05:13 pm
Deccan Gold marks an Historic Milestone as Hon''ble President, Kyrgyz Republic inaugurates Altyn Tor Gold Project - Deccan Gold takes overseas Gold Project from exploration to production, strengthening India''s emerging global mining footprint
Deccan Gold Mines Ltd · 512068
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Deccan Gold Mines Ltd has marked a historic milestone as the President of Kyrgyz Republic inaugurated the gold processing plant at the Altyn Tor Gold Project, making it the first Indian company to take a gold mining project in the Kyrgyz Republic to the production stage.
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Deccan Gold Mines Ltd - 512068 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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September 12, 2026
Corporate Relationship Department,
Bomba Stock Exchange Limited,
Phiroze Jeejeebhoy Towers, Dalal Street
Mumbai – 400001
Scrip Code: 512068
Dear Sir/Madam,
Sub: Press Release titled “Deccan Gold Marks an Historic Milestone as Kyrgyz President
Inaugurates Altyn Tor Gold Project”
Ref: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Press Release
Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
please find enclosed a press release titled “Deccan Gold Marks an Historic Milestone as
Kyrgyz President Inaugurates Altyn Tor Gold Project”.
Kindly take the above information on record.
Yours truly
Subramaniam S
Company Secretary & Compliance Officer
Membership No. A 12110
PRESS RELEASE
FOR IMMEDIATE USE
Deccan Gold Marks an Historic Milestone as Kyrgyz President Inaugurates Altyn
Tor Gold Project
• Indian mining company takes overseas gold project from exploration to production,
strengthening India’s emerging global mining footprint.
Kyrgyzstan/India, September 12, 2026:
Deccan Gold Mines Limited (BSE:
512068) today marked a landmark
milestone in its transformation into a global
mining company, as His Excellency Mr.
Sadyr N. Japarov, President of the Kyrgyz
Republic, inaugurated the gold
processing plant at the Altyn Tor Gold
Project through an online ceremony.
Mr. Sadyr N. Japarov, President of the Kyrgyz Republic
Operated through Deccan Gold’s Kyrgyz
subsidiary Avelum Partner LLC, Altyn Tor 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. The milestone marks a
significant step in the growing participation of
Indian companies in global mineral resource
development.
Aerial view of Altyn Tor Gold Project
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, underscoring the growing economic
and investment relationship between India and
Kyrgyzstan.
A NEW CHAPTER FOR INDIAN MINING
For Deccan Gold, Altyn Tor represents more
than the commissioning of an overseas gold
project. It is a proof point for the ability of Indian
mining companies to identify, develop and
operate mineral assets beyond India's
borders, at a time when resource security and
diversified global supply chains are becoming
increasingly important.
From left to right: Mr. Birender Singh Yadav, H.E. Ambassador of
India to the Kyrgyz Republic, Mr Kubat Beishenbekovich
Abdraimov - Chairman of Kyrgyz Altyn, Mr. Naushad Ahmed,
Business Head-Kyrgyzstan, Deccan Gold Mines Limited.
Commenting on the milestone, Dr. Hanuma Prasad Modali, Managing Director, Deccan Gold Mines
Limited, said: “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, above all, the trust of the
host nation, its people, and partners. This milestone shows that Indian mining companies can develop
resources responsibly and compete on the global stage. We are deeply grateful to the Government and people
of Kyrgyzstan, Kyrgyz Altyn and all our partners for making this journey possible. For Deccan Gold, Altyn Tor
is not the destination - it is the beginning of a larger global journey.”
FROM GOLD TO A BROADER GLOBAL RESOURCE PORTFOLIO
The Altyn Tor milestone comes as Deccan Gold expands beyond its traditional gold exploration focus into
a diversified portfolio of gold and critical minerals across India and international markets, including nickel-
copper-PGE in Chhattisgarh, tungsten and tin in Spain, and lithium and tantalum in Mozambique.
The Company’s strategy is increasingly focused on moving across the mining value chain - from exploration
and resource discovery to development, production, and downstream value creation. Its critical
minerals strategy also includes building processing capabilities and technology partnerships to capture
greater value from strategically important resources.
“India’s resource opportunity cannot be defined by its borders alone. We need stronger domestic production,
complemented by Indian companies building capabilities and partnerships across global mineral supply
chains. Altyn Tor is one step in that direction. Our ambition is to build an Indian mining company capable of
discovering, developing, and producing the gold and critical minerals that will matter to India and the world
- responsibly and at scale.” adds Dr. Hanuma
THE JOURNEY AHEAD
With first gold doré produced at Altyn
Tor in August, 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.
From left to right: Mr. Birender Singh Yadav, H.E. Ambassador of India to
the Kyrgyz Republic, with Gold Dore along with Mr. Naushad Ahmed,
Business Head-Kyrgyzstan, Deccan Gold Mines Limited
For Deccan Gold, the inauguration marks a significant inflection point - from exploration to production,
from a domestic gold story to a global mining ambition.
About Altyn Tor Project
Altyn Tor is 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, host to numerous world-class gold
deposits. Gold mineralization is hosted in quartz, quartz-carbonate veins and stockworks.
About Deccan Gold Mines Ltd.
Deccan Gold Mines Ltd. (BSE: 512068) is India’s first and only listed gold and critical minerals resource
company. Established in 2003, the Company has built a diversified portfolio of gold and critical mineral
assets across India and internationally, spanning Andhra Pradesh, Kyrgyzstan, Chhattisgarh, Spain,
Mozambique, Finland, and Tanzania. Deccan Gold is focused on developing responsible, technology-led,
and globally competitive mining assets while creating long-term value for shareholders and contributing to
India's resource security through sustainable mineral development.
For more information, visit: https://deccangoldmines.com/
Media Contact
Kaizzen PR
Niti/Anjitha/Praksha/Murali | dgml@kaizzencomm.com