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deccan gold mines ltd (512068) Details

Deccan Gold Mines Limited is engaged in the mining and exploration of gold properties in India. It has various exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala, and Rajasthan. The company was formerly known as Wimper Trading Limited and changed its name to Deccan Gold Mines Limited in March 2003. Deccan Gold Mines Limited was incorporated 1984 and is based in Bengaluru, India.

Founded in 1984

deccan gold mines ltd (512068) Top Compensated Officers

Managing Director, Executive Director and Mem...
Total Annual Compensation: 1.2M
Compensation as of Fiscal Year 2013.

deccan gold mines ltd (512068) Key Developments

Deccan Gold Mines Ltd Announces Drilling Results from Ganajur SE Project

Deccan Gold Mines Ltd. announced drilling results from the Ganajur SE Project. Deccan Exploration Services Private Limited, a wholly owned subsidiary of the company has completed 1000 metres of diamond core drilling from a planned programme of 5000m in its latest exploration campaign. Of the 1000 metres, Ganajur SE Prospect alone has received 757 metres of drilling. The latest results are considered in terms of gold mineralization. Ganajur southeast prospect is located around 1.2 km SE of Ganajur Main prospect. Reconnaissance drilling undertaken earlier by the company at Ganajur SE Prospect resulted in delineation of a 455 metre long gold-bearing zone which included a significant zone of 6.23 g/t gold of over 15.0m width in one of the drill holes. Follow up IP geophysical survey had pointed to the existence of a linear mineralized zone of 2.8 kms length that included the 600m long Ganajur Main Gold Deposit and Ganajur SE Prospect currently being explored. The ongoing drilling has validated company's historic results and provided fresh geological data on style and structural controls of gold mineralization besides confirming the dimensions of the gold Resource-bearing body in the Ganajur SE Prospect (150m long x 80m deep). The mineralization is open along both length and depth. The results also indicate possibility of finding additional gold resource in the prospect. Highlights of the ongoing drilling programme include the following intersections with visible gold in one of the holes: GSËP-C7:4.5m at 3.81 g/t including a value of 12.5 g/t Au. GSEP-C8:4.0m at 4.3 g/t including a value of 17.38 g/t Au; GSEP-C10:6.25m at 8.31 g/t including gold values of 20.21 g/t Au, 16.25 g/t Au, 11.43 g/t Au.

Deccan Gold Mines Ltd Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Deccan Gold Mines Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported loss from operations before other income, finance costs and exceptional items was INR 2.416 million compared to INR 2.605 million reported a year ago. Loss from ordinary activities before tax was INR 2.244 million compared INR 2.609 million reported a year ago. Net loss was INR 2.244 million or INR 0.04 per basic and diluted share before and after extraordinary items compared to net loss of INR 2.609 million or INR 0.04 per basic and diluted share before and after extraordinary items reported a year ago. For the nine months, the company reported loss from operations before other income, finance costs and exceptional items of INR 1.288 million compared to INR 7.387 million reported a year ago. Loss from ordinary activities before tax was INR 1.30 million compared to INR 7.397 million reported a year ago. Net loss was INR 1.30 million or INR 0.02 per basic and diluted share before and after extraordinary items compared to net loss of INR 7.397 million or INR 0.13 per basic and diluted share before and after extraordinary items reported a year ago.

Deccan Gold Mines Ltd to Report Q3, 2014 Results on Feb 12, 2014

Deccan Gold Mines Ltd announced that they will report Q3, 2014 results on Feb 12, 2014

 

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