The airport's press service said that technicians who were preparing the plane for takeoff could have failed to properly fix the gold cargo.
'The Nimbus Airlines AN-12 cargo plane hit problems during takeoff and the treasures fell out of the hold all over the runway, ' reported The Siberian Times. The search for the gold is still under way across the entire surrounding area in the vicinity of the Yakutsk airfield.
The crew chose to land at the nearby airport of Magan, some 26 kilometres north-west of Yakutsk. The incident occurred in one of the country's coldest regions, which is sure to make the recovery efforts that much more challenging.
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Eyewitnesses say they saw the gold, platinum and diamonds sparkling in the snow.
It's worth noting that Canadian Kinross Gold owns 75% of the company.
Yakutsk Airport insists that the plane was operational and was ready for the flight.
The precious cargo had a total value of $368 million!
'The plane plane then dropped some bars of gold as far as 15 miles from the airport'.