Deccan Gold Mines Secures $4.2M Loan for Kyrgyz Gold Project

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AuthorKavya Nair|Published at:
Deccan Gold Mines Secures $4.2M Loan for Kyrgyz Gold Project
Overview

Deccan Gold Mines Ltd. has secured a Rs 4.2 crore (approximately $4.2 million) loan from Beyond The Crowd Ventures LLP. The funds are designated for the Altyn Tor Gold Project in the Kyrgyz Republic, with the loan having a 12-month term and a 12% annual interest rate.

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Deccan Gold Mines Secures Rs 4.2 Crore Loan for Kyrgyz Project

Deccan Gold Mines Ltd. announced on May 22, 2026, that it has completed the necessary documentation for a Rs 4.2 crore loan facility provided by Beyond The Crowd Ventures LLP.

Funding for Altyn Tor Gold Project

The loan is specifically intended to finance the Altyn Tor Gold Project, which is being developed by Avelum Partner LLC, a subsidiary of Deccan Gold Mines, in the Kyrgyz Republic. This capital injection is crucial for the company's international gold exploration initiatives.

Loan Details and Security

The loan carries a 12-month tenure and an annual interest rate of 12%. As security for the loan, Deccan Gold Mines has pledged 26,250 equity shares in Geomysore Services (India) Private Limited. Investors will be watching the progress and profitability of the Altyn Tor Gold Project to gauge the effective use of these funds.

Company Background

Deccan Gold Mines is engaged in the exploration and mining of gold and related minerals, with operations spanning both India and international locations. This new funding supports the advancement of its overseas projects.

What to Monitor

Stakeholders should pay close attention to the operational updates and financial performance of the Altyn Tor Gold Project in Kyrgyzstan. Additionally, the company's overall debt management strategy will be an important factor to track.

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