Deccan Gold sets sights on 600 kg output at Jonnagiri by FY27

Deccan Gold’s latest investor call frames an ambitious transition into a multi-asset producer. The firm targets 600 kilograms of gold from its flagship Jonnagiri site in FY27, promising a 75% EBITDA margin. Meanwhile, the Kyrgyzstan-based Altyn Tor project is slated for August 2026 commissioning, aiming for 160 kilograms of gold initially. Execution here is not free. Management confirmed a ₹60-100 crore funding shortfall to finish the Altyn Tor plant, which it intends to cover via promoter-led debt or equity. Looking further out, the company outlined a massive ₹800-1,000 crore capital raise to fuel its long-term project pipeline, which includes a nickel-equivalent resource at Bhalukona and tungsten assets in Spain. With the Jonnagiri mine inauguration arriving in the coming weeks, the company is moving from promise to proof. The next test is whether the firm can sustain its production timelines without stretching its capital structure beyond its means.