Why Did Deccan Gold Mines Shares Jump Up to 15% Today?

SYNOPSIS: Deccan Gold Mines plans investor meetings in Mumbai and Bengaluru, engaging Abakkus Asset Manager and MK Ventures, alongside presenting its 2026 investor deck highlighting projects, and potential investment discussions.

During Tuesday’s trading session, shares of a company involved in the mining and exploration sector surged nearly 15 percent on the BSE. What triggered this significant jump? Let’s explore the details in this article.

At 03:20 p.m., shares of Deccan Gold Mines Limited were trading in green at Rs. 119.03 on BSE, up by around 4 percent, compared to its previous closing price of Rs. 114.41, with a market cap of Rs. 2,344.3 crores. The stock has delivered positive returns of over 11 percent in one year, and has gained by around 34 percent in the last one month.

News

As part of its investor outreach under Regulation 30, Deccan Gold Mines Limited has scheduled a series of meetings with leading institutional investors across Bengaluru and Mumbai. 

Notably, it will engage with Abakkus Asset Manager Private Limited, founded by renowned investor Sunil Singhania, on 20th January 2026, in Mumbai through a combination of one-on-one and group meetings. In addition, the company will meet MK Ventures, the investment firm of renowned investor Madhusudhan Kela, on 21st January 2026, also in Mumbai, as part of similar interaction formats. 

Beyond routine engagement, such focused presentations may also signal early-stage discussions or interest around potential investment opportunities, alongside sharing business updates and strategic direction.

Investor Presentation 2026

The Investor Information Presentation 2026 provides a comprehensive overview of the company’s project pipeline, long-term targets, new projects and more.

During 2025, the company achieved key milestones, including successful pre-commissioning trials at the Jonnagiri project, which yielded around 40 kg of gold in doré bars, marking steady progress toward full-scale operations.

The company also reported strong investor confidence, as its recent rights issue was oversubscribed. The proceeds have been utilised to reduce debt and will support exploration activities planned for 2026. In addition, exploration efforts in Mozambique have yielded encouraging results, with strong indications of copper-gold mineralisation identified.

Company Structure: Deccan Gold Mines operates through a diversified structure spanning gold and critical minerals across multiple geographies. On the gold side, it holds a 27 percent stake in GMSI, which owns the Jonnagiri Gold Project in India, Avelum Partners LLC (60 percent stake) with exposure to the Altyn Tor Gold Mine in Kyrgyzstan, and DGTPL (100 percent stake), which controls gold exploration licences in Tanzania. It also owns up to a 75 percent stake in Kalevala Gold Oy, which manages the Kuikka Gold Project and other assets in Finland.

In the critical minerals segment, the group operates through DGFZCO, which has majority holdings in subsidiaries focused on lithium, copper, and tantalum exploration in Mozambique,  a fully owned nickel-chromium-PGE licence in India, and up to a 75 percent interest in the Logrosan Tungsten Project in Spain.

Projects Summary: The company’s gold assets include a 60 percent stake in the Altyn Tor project, which has estimated resources of about 4.65 MT or roughly 5,600 kg of gold, with expected production of around 180 kg annually from 2026 at an AISC of about $1,045 per tonne. The Jonnagiri Gold Project in India hosts resources of around 8.2 MT or 12,000 kg of gold and is expected to produce about 310 kg per year from 2026, with AISC of nearly $1,021 per tonne.

In Finland, the Kuikka project, where the stake may increase from 32 percent to up to 75 percent, has over 1,000 kg of gold resources and is targeted for production around 2029, with an estimated capex of roughly $40 million and strong potential given high-grade zones near the surface. Another Finnish asset, Pahkalamppi, also offers upside, with historical resources expected to be validated during 2026.

Beyond gold, the company has significant exposure to critical minerals. In Mozambique, it holds an 85 percent stake in lithium, cesium and tantalum assets, where an initial 100 TPD plant is planned to scale up to 1,000 TPD. It also owns a 95 percent stake in a copper-gold project in Mozambique, located in the Tete Complex with multiple copper-gold zones identified.

In India, the fully owned Bhalukona project covers nickel, chromium and PGE mineralisation, with a 400-metre-long mineralised zone identified through geophysical studies. Additionally, in Spain, the company has increased its interest to over 95 percent in tungsten (WO₃) and gold projects, offering exposure to two assets on the Iberian Peninsula with strong exploration potential across multiple commodities.

Financials

Deccan Gold Mines reported a decline in revenue from operations, experiencing a year-on-year decrease of around 25 percent, from Rs. 4 crores in Q2 FY25 to Rs. 3 crores in Q2 FY26. In contrast, its net loss narrowed during the same period from Rs. 68 crores to Rs. 20 crores, representing an improvement of nearly 71 percent YoY.

Founded in 2003 by Australian Mining Shareholders, Deccan Gold Mines Limited is engaged in the business of extraction, processing & sale and exploration & development of mining assets, mainly precious metals such as gold. It is the only BSE-listed gold and critical minerals exploration and mining company, with a global presence in Kyrgyzstan, Mozambique, Finland, Spain, and Tanzania.

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