India's domestic gold production is set to receive a boost as Jonnagiri, a new gold mine in Andhra Pradesh, prepares to enter commercial production, marking a rare expansion in the sector since Independence.
The mine, operated by Geomysore Services, a private-sector company, is expected to produce around 600 kg of gold by the end of FY27, with a long-term ambition of up to 2 tonnes annually.
The project's integrated approach, which includes refining and selling gold directly to jewellers under its own brand, sets it apart from earlier projects.
The timing of the project is significant, with geopolitical tensions making gold imports more expensive and India importing over 800 tonnes of gold annually.
Industry leaders believe that projects like Jonnagiri could reduce dependence on imports and encourage the development of more mines across the country.
