$115 Million In Kinross Gold Bars Fall From Plane In Eastern Russia
(Kitco News)- Gold is truly a gift from the heavens, especially in eastern Russia after gold bars fell from a cargo plane Thursday.
According to Russian media reports, about 3 tons of gold fell from a plane and on to the runway as it was taking off in the eastern city of Yakutsk. The gold belonged to Chukotka Mining and Geological Company, a subsidary of Kinross Gold.
The cargo plane was carrying a total of 9.3 tons of gold and other precious metals. The cargo door didn't close properly because of a damaged door handle. According to the reports, airport authorities recovered 172 gold bars.
With gold prices hovering around $1,316 an ounce, the spilled gold is valued at more than $115 million.
Nobody was hurt in the incident.
It's -21C in Yakutia, sunny, we expect showers of diamond, platinum and gold... Plane loses its $368 million cargo; gems and precious metals rain over Russia's coldest region as police and secret services stage emergency search https://t.co/NsUeOWxZf5 pic.twitter.com/8OXd6Al9is
— The Siberian Times (@siberian_times) March 15, 2018 By Kitco NewsFor Kitco News
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