Press Release titled " Deccan Gold''s Altyn Tor Project Marks new Chapter in india- Kyrgyzstan Mining Collaboration-meeting with Kyrgyz Ambassador.
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Deccan Gold Mines announced that its Managing Director, Dr. Hanuma Prasad Modali, met with the Ambassador of the Kyrgyz Republic to India in Chennai on September 29, 2025, highlighting the strategic importance of its Altyn Tor Gold Project in Kyrgyzstan. The project, Deccan Gold's first overseas mining venture and the first by any Indian company in Kyrgyzstan, is on track to commence Dore bar production by October 2025. The Altyn Tor deposit holds an estimated resource of 4.65 million tonnes grading 1.21 g/t gold, equating to about 180,000 ounces of gold. Both sides described the collaboration as a foundation for stronger bilateral ties in mining and critical minerals, aligned with India's Atmanirbhar Bharat vision.
For shareholders, this reinforces the near-term production start at Altyn Tor (a meaningful catalyst for the stock) and positions Deccan Gold as a uniquely international, government-backed gold miner. The diplomatic endorsement adds credibility but does not by itself change financials; the real impact will depend on actual production ramp-up and project economics.