Please find enclosed the transcript of Investor Relations call-Q4 of FY 2025-2026
DECNGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deccan Gold Mines hosted its Q4 FY2025-2026 investor call on May 19, 2026. Key highlights include becoming debt-free after raising ₹315 Crores via rights issue and clearing ₹219 Crores of outstanding debt. The Jonnagiri Gold Project (26% stake via Geomysore) achieved first profitability from trial gold production, with FY2027 production forecast of 600kg and revenue of ₹900 Crores (75% EBITDA, ₹120 Crores PAT attributable to Deccan). The Kyrgyzstan project (60% subsidiary) is on track for full production by August 2026, requiring an additional ₹100 Crores to complete. The Bhalukona Nickel-Copper-PGE project (100% owned) reported breakthrough drilling results: 2.6m at 1.01% nickel, 0.29% copper, and 0.2 g/t palladium from the first hole. Spain tungsten project drilling intersected tungsten mineralization in all 4 holes (1,500m completed). The Ganajur gold project remains stuck in Supreme Court litigation. Management outlined a 2030 vision targeting 1 ton/year gold production from Jonnagiri plus 700-800kg from Kyrgyzstan, plus India's first nickel-copper mine at Bhalukona.
The company is transitioning from explorer to producer with first revenues and profits from Jonnagiri. The upcoming Kyrgyzstan commissioning and strong Bhalukona drill results are key near-term catalysts, though additional funding of ₹100 Crores is needed for Kyrgyzstan and ₹400-500 Crores for Bhalukona development.