Jonnagiri gold project will begin full operation by the year 2024. “The full-scale production of the country’s first large private gold mine in Andhra Pradesh will begin by the end of next year,” said Deccan Gold Mines Managing Director Hanuma Prasad Modali.
Jonnagiri gold project is India’s first large private gold mine. The pilot scale operation of the project has already started and will be producing about 750 kgs of gold per annum once it begins its full-scale production, according to the Company’s MD.
“In the Indian mine (Jonnagiri project) the construction is going on. By next year, around October-November, that will come into production,” Prasad said.
At present, the mine is producing about one kg of gold per month. Further, a total of about 200 crore has been invested in the mine. According to Prasad, the mine was granted in 2013 and it has taken about 8 to 10 years to complete the exploration of the project.
The gold mine is located near Jonnagiri, Erragudi and Pagadirayi villages within the Tuggali Mandalam in the Kurnool district of Andhra Pradesh. Deccan Gold Mines Ltd (DGML) is the first and only gold exploration company listed on BSE.
Furthermore, Prasad also informed that production from its another gold mining project in Kyrgyzstan, in which DGML has 60 per cent stake, is likely to begin in either October or November of 2024.