Is This Well Known?
I pretty much concentrate on US and Canadian miners for actual investments so I tend to not follow companies in other, less desirable locations. This announcement may be old news to some but it might be used tomorrow to “explain” the coming last leg down in gold prices before the expected November buying opportunity. They won’t be doing anything with it till next year at the earliest but people who consider long term supply info might say it is bearish. https://www.zerohedge.com/markets/67-million-ounces-gold-worlds-biggest-gold-reserves-discovered-deep-siberia
IMO, this is meaningless. With those grades, the mine will probably have a life of something like 100 years. The amount that they mine each year will be meaningless as far as additional supply to the market each year.