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Deccan Gold Mines inks pact to acquire 51% stake in Logrosan Minera S.L. Spain
Jun-10-2026

Deccan Gold Mines has entered into definitive agreement for acquisition of 51% stake in Logrosan Minera S.L. Spain (LOGROSAN). The objective of the acquisition is collaboration in relation to investment, mineral exploration, and the potential development of mining prospects in Spain. The cost of the acquisition is 1.76 million euro, to be paid by the company and/or its wholly owned subsidiary, DGFZCO. The acquisition is expected to be completed progressively by March 2027.

Upon completion of the earn in, the company will have the option to increase its stake from 51% to 75% through a further direct investment, subject to an independent valuation and achievement of agreed milestones and upon payment of an incremental consideration of 1.0 million euro to the existing shareholder of Logrosan (Logrosan Minerals, United Kingdom ‘LMLUK’)

Deccan Gold Mines (DGML) is the first private sector gold exploration company in India. The company has a large portfolio of exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala and Rajasthan.


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