India's Only Functional Gold Mine Reaps Windfall as International Prices Soar
The Hutti Gold Mines Company Ltd., India's sole functional gold mine located in Raichur district, Karnataka, experienced a significant financial windfall due to soaring global gold prices. The company projects an additional revenue of ₹633.34 crore in 2025-26, with the average gold selling price increasing by 34.11%. Its total revenue is expected to rise from ₹1,342.90 crore in 2024-2025 to ₹1,910.62 crore in 2025-2026, with net profit nearly doubling. Despite its production of 1,691.57 kg of gold, Hutti meets less than 1% of India's annual gold demand.
Key Points
- Hutti Gold Mines Company Ltd., India's only functional gold mine, is experiencing a financial windfall due to soaring international gold prices.
- The company projects a significant increase in revenue and net profit for 2025-26.
- The average gold selling price increased by 34.11%, contributing to the profit surge.
- Hutti produced 1,691.57 kg of gold, but this meets less than 1% of India's annual demand.
- The company also produces silver as a byproduct of gold ore beneficiation.
Exam Facts
- Mine name: The Hutti Gold Mines Company Ltd.
- Location: Hutti, Raichur district, Karnataka.
- Projected revenue increase (2025-26): ₹633.34 crore.
- Average gold selling price increase: 34.11%.
- Gold production: 1,691.57 kg (meets <1% of India's demand).
Read it. Retain it. Recall it.
Get spaced-repetition flashcards, daily quizzes and offline access — free on Android.