Deccan Gold Mines Ltd Managing Director Hanuma Prasad stated that full-scale production of the country's first significant private gold mine in Andhra Pradesh will begin by the end of next year.

The Jonnagiri gold project, which has already begun pilot scale operations, will generate approximately 750 kilogrammes of gold per year once full-scale production begins, Prasad told PTI in an interview.

Deccan Gold Mines Ltd (DGML), the first and only gold exploration firm listed on the BSE, owns 40% of Geomysore Services India Limited, which is building India's first private sector gold mine in Jonnagiri.

The mine, in which a total investment of about Rs 200 crore has been made so far, is producing about one kg of gold per month at present.