Deccan Gold Mines shares zoom 14% after Jonnagiri gold project receives consent to operate
[hfe_template id='11223']
[ad_1]
Shares of Deccan Gold Mines surged 14.3% intraday on Thursday to hit a day’s high of Rs 170.50 after the company announced that its associate firm, Geomysore Services (India), has received the Consent to Operate (CTO) from the Andhra Pradesh Pollution Control Board (APPCB) for its Jonnagiri Gold Project. In a regulatory filing, Deccan Gold Mines stated that it has been informed by Geomysore about the approval, which marks a significant milestone in the development of the Jonnagiri project. The CTO allows Geomysore to initiate the operation phase of the gold project, following earlier environmental approvals and public consultations. The CTO approval comes after the successful grant of Environmental Clearance by the Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) during its meeting held on March 25, 2025. The clearance pertains to the gold ore processing plant component of the project, an...