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In Russia’s easternmost region of Chukotka, more than 100 tons of gold have been discovered at the Sovinoye gold mine, making it the largest discovery since 1991. The Jan. 1 announcement was made by the mining division of the Russian state corporation Rosatom.

The statement noted, “Over the past three years, 123 wells with a total length of more than 32 km have been drilled. All prospecting, topographic-geodetic, geological-geochemical and geophysical work has been completed,” according to Sputnik.

The Sovinoye mine’s annual output is expected to begin at three tons, starting in 2029.