Context
India’s only operational primary gold mine, Hutti Gold Mines, reported a significant increase in revenue in 2025–26 due to rising gold prices in the global market.
About Hutti Gold Mines Company Limited (HGML)
- Established in 1947, Hutti Gold Mines Company Limited (HGML) is a Government of Karnataka enterprise headquartered in Bengaluru.
- It is engaged in the exploration, development and extraction of gold deposits in Karnataka and remains India’s only operational producer of primary gold.
- The company processes ore from the Hutti underground unit, the Uti opencast unit and the Heera-Buddinni exploratory underground project.
- The Hutti mining region is regarded as one of the world’s oldest known metal mining sites, with evidence dating back to the pre-Ashokan period.
- During 2025–26, HGML produced around 1,691.57 kg of gold and nearly 145.76 kg of silver as a by-product of ore beneficiation.
- Despite being the country’s only primary gold producer, its output contributes less than 1% of India’s annual gold demand, estimated at over 700 tonnes.
