India’s BSE-listed Deccan Gold Mines (DGML) on August 25
announced significant progress towards production at its Altyn
Tor Gold Project in Kyrgyzstan.
Hanuma Prasad Modali, managing director of Deccan Gold Mines,
said in a note to investors: “With the ball mill foundation laid
and key equipment advancing toward commissioning, Altyn Tor is on
track despite the challenges of Kyrgyzstan’s early winters.
“Our drilling results suggest a significantly larger orebody,
strengthening confidence in the project’s long-term potential. By
covering the plant and putting in place contingency measures, we
aim to ensure year-round operations and timely delivery.”
Altyn Tor (“Gold Mountain”) is located in the Soltan Sary zone
of the eastern Naryn region. It is operated by Avelum Partners LLC,
in which DGML holds a 60% controlling interest.
The project hosts estimated resources of 4.65mn tonnes grading
1.21 g/t Au for 180 koz of gold, including tailings and low-grade
stockpiles, said Deccan.
Once operational, it will become the first Indian-owned gold
production facility in Central Asia.
© 2025 bne IntelliNews, source Magazine
