Deccan Gold advances towards gold production in Kyrgyzstan; Altyn Tor Project targets commercial operations by August 2026

Mon May 11 2026

Deccan Gold Mines Limited, India’s only listed gold and critical minerals mining company, has announced significant progress at the Altyn Tor Gold Project in Kyrgyz Republic, with the project moving steadily toward commercial operations targeted for August 2026.The Company said work is progressing at full pace at the project site following improving weather conditions, with nearly 130 Indian technical professionals working alongside a large local workforce to accelerate commissioning activities. A major milestone has already been achieved with the successful commissioning of the project’s gravity plant. The first-phase leaching circuit is expected to be commissioned in June, enabling production of gold doré bars. The full-scale plant, following completion of all trial runs, is expected to be ready for commercial operations by August 2026. The inauguration is being planned to coincide with the Independence Day celebrations of both India and Kyrgyzstan, symbolising the growing economic partnership between the two countries. Deccan Gold’s investment in Avelum Partners, the developer and operator of the Altyn Tor Gold Project - marks the first investment by an Indian mining and exploration company in Kyrgyz Republic, positioning the Company at the forefront of India’s expanding global mining footprint.

The Altyn Tor deposit is located within the highly mineralised Soltan Sary gold belt, part of the major Tien Shan Shear Zone, known for significant gold mineralisation systems extending over 300 kilometres. Commenting on the development, Dr. Hanuma Prasad Modali, Managing Director, Deccan Gold Mines Limited, said, “The progress at Altyn Tor reflects Deccan Gold’s transition toward a diversified, production-oriented mining platform across geographies. As resource security and supply diversification gain global importance, strategic mineral partnerships between nations will become increasingly critical. As the first Indian mining company to invest in Kyrgyz Republic, we see Altyn Tor as more than a mining project - it represents long-term cross-border collaboration and shared value creation between India and Kyrgyzstan." He said that the successful commissioning of the gravity plant and the expected commencement of gold doré bar production in June mark important milestones as we move toward commercial operations later this year. The company stated that it remains focused on responsible mining practices, operational discipline, and long-term value creation as it continues to expand its gold and critical minerals portfolio across India and international markets.

Source: https://timesofindia.indiatimes.com/