Shares of Deccan Gold Mines Ltd (DGML) surged nearly 9% to ₹134.60 on Thursday after the company announced that India’s first large private gold mine in Andhra Pradesh is likely to begin full-scale production soon.A top company official confirmed that the mine, located at Jonnagiri in Andhra Pradesh and developed by Geomysore Services India Ltd (where DGML holds a stake), is set to commence operations “very soon.” The project holds national significance as India imports close to 1,000 tonnes of gold annuallymaking it the country’s second-largest import item after crude oil.At 2:40 pm, DGML shares were trading at ₹134.60, up ₹10.95 or 8.86% from the previous close of ₹123.65, with strong momentum witnessed in late afternoon trade.As the first and only listed gold exploration company on the BSE, DGML’s progress at Jonnagiri is viewed as a landmark step towards reducing India’s dependency on imports and boosting domestic resource development.Market experts suggest that successful ramp-up of operations could enhance DGML’s revenue visibility and investor sentiment further.Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.