Since 2021, as a part of expansion and diversification, DGML has initiated M&A activities. As a result DGML has acquired significant stake (40%) in Geomysore Services (India) Private Limited, which is developing the first private sector gold mine (Jonnagiri) in India since Independence. Jonnagiri mine is situated in the state of Andhra Pradesh and is heading for full scale commercial production in the second half 2024. Further, DGML is also acquiring significant stake in Altyn Tor Gold Mine in Kyrgyzstan (60%) and Kelavala Gold Project in Finland (32%, with an option to go upto 51%). The Altyn Tor gold project is expected to acheive full scale production in the 4th quarter of 2024. DGML has also won Bhalukona – Jamnidih Block through auction, which is considered to a very high potential area for Ni – Cu – Cr – PGE mineralization. This block is situated in the state of Chharrisgarh and is acquired as a part of its diversification into battery and multimetal deposits. DGML also owns exploration licenses in Tanzania through it’s 100% subsidiary, which are located in the vicinity of large operating gold mines.
DGML with large portfolio of assets, which range from near producing to long term potential gold and multimetal deposits, is in an unique situation of becoming an Indian owned global mining entity in long term. DGML with two commercially operating gold mines in 2024 is committed to yield significant value to its shareholders. DGML has Dedicated and Focussed management with strong shareholder support.
The New India, with a strong economic growth outlook, is looking to revive the mineral exploration and mining sector through foreign and Indian private investment and the planned introduction of liberalised internationally compatible mining policies. DGML with some of the best gold prospects in the country, geologically similar to areas that have been home to major world gold discoveries, is playing a leading role in this revival.