India’s First Private Gold Mine; How Much Gold Will the Jonnagiri Mine Produce Annually?

India is set to witness a historic milestone with the launch of its first private gold mine at Jonnagiri in Andhra Pradesh. Developed by Geomysore Services with support from Deccan Gold Mines Ltd, the project is expected to deliver 750 kg of gold annually, adding strength to India’s mining industry.

India’s Heavy Reliance on Gold Imports

Gold is India’s second-largest import after oil, with nearly 1,000 tonnes brought in each year to meet domestic demand. Despite this, India’s gold production remains minimal at about 1.5 tonnes annually. The Jonnagiri mine aims to change this equation by adding nearly one tonne to local production.

Jonnagiri Gold Mine: A First in the Private Sector

Deccan Gold Mines Ltd (DGML), the only gold exploration company listed on the BSE, has partnered through its stake in Geomysore Services India Ltd to develop the Jonnagiri project. Located in the Tuggali Mandalam region of Kurnool district, Andhra Pradesh, the mine has received environmental clearances and is now moving towards full-scale operations.

Expected Gold Production

Once operations commence, the Jonnagiri gold mine is projected to produce around 750 kilograms of gold annually. Within the next two to three years, output could be scaled up significantly. For a country struggling with high import dependency, this contribution marks a crucial step toward greater self-reliance.

About Deccan Gold Mines Ltd (DGML)

Founded in 2003, DGML has deep roots in India’s exploration and mining sector. Over the years, it has focused on gold exploration across multiple regions, both domestically and internationally. Through its partnership with Geomysore Services, DGML is now pioneering India’s private-sector mining journey.

Read More: Andhra Pradesh’s Jonnagiri Gold Mine Set to Begin Full Scale Production.

Conclusion

The Jonnagiri gold mine represents a landmark moment for India’s mining industry. By producing nearly 750 kilograms annually, the project will not only boost domestic supply but also set the stage for further private participation in mineral exploration. As operations scale up, India could gradually reduce its dependency on costly gold imports.

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