Hutti in Karnataka, India's only functional gold mine, dazzles as prices soar in world market
The article highlights the significant financial gains of Hutti Gold Mines Company Ltd. (HGML), India's only functional gold mine in Karnataka, due to soaring global gold prices and improved ore recovery grade. It details the company's revenue, profit, and production figures for 2025-26, noting that Hutti's production meets less than 1% of India's demand. The article also provides a brief history of gold mining at Hutti, from pre-Ashokan times to modern operations, and mentions the company's expansion plans and estimated remaining gold reserves.
The article highlights the significant financial gains of Hutti Gold Mines Company Ltd. (HGML), India's only functional gold mine in Karnataka, due to soaring global gold prices and improved ore recovery grade. It details the company's revenue, profit, and production figures for 2025-26, noting that Hutti's production meets less than 1% of India's demand. The article also provides a brief history of gold mining at Hutti, from pre-Ashokan times to modern operations, and mentions the company's expansion plans and estimated remaining gold reserves.
Exam linkage
GS Paper 3: Indian Economy (Mineral Resources, Industrial Policy, Growth & Development); GS Paper 1: Geography (Physical Geography - Mineral Resources), History (Ancient Indian History - Economic aspects).
Syllabus mapping
This topic appears in Mains
Questions on Indian Economy come up regularly in GS papers. Practice writing an answer — and see exactly what earns marks.