Update on Jonnagiri Gold Project of Geomysore Services (India) Private Limited ("Geomysore"- Associate Company)-Consent to Operate (CTO) Received.
DECNGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Deccan Gold Mines' associate company Geomysore Services has received the Consent to Operate (CTO) from the Andhra Pradesh Pollution Control Board for the Jonnagiri Gold Project. This clearance follows the Environmental Clearance granted by the Ministry of Environment, Forest and Climate Change in April 2025, and a successful public consultation held in February 2025. The CTO is the final regulatory approval required before the gold mining plant can commence commercial operations. The project is being developed by Geomysore, in which Deccan Gold Mines holds an associate stake.
This is a key milestone for Deccan Gold Mines — the last major regulatory clearance needed to begin gold production at Jonnagiri. The stock may see positive sentiment as the project moves closer to actual commissioning and revenue generation through its associate company.