Mumbai, Oct. 10 -- Lloyds Enterprises announced that its investee company, Geomysore Services India has commenced pre-commercial production trials (PCOD) at the Jonnagiri process plant, marking a major milestone in the evolution of India's gold mining sector.

GMSI has been developed over last 12 years under the management of B Prabhakaran to become one of the first operating mine in India to reach production stage in Independent India. The mine is located in Andhra Pradesh with all key regulatory approvals, including Environmental Clearance valid until 2043.

Lloyds Enterprises, which holds a 31.58% economic stake in GMSI through its 50% investment in Prakar Estate and Promoters LLP, views this as a highly Pathbreaking development. With ...