A gold nugget weighing 7 kg 650 g (16,87 lbs) was discovered by Vostok mining partnership at Irkindan deposit in Ayano-Maisky district of Russia's Khabarovsk region.
The finding was tentatively evaluated at 12.7 million rubles ($424,000), officials said. The final cost of the nugget will be announced later, Finmarket reports.
The nugget looks pure and outwardly resembles a boxing glove.
"This is the first big finding that we've had in 40 years of work in the region. We found a large gold nugget in this region in 2007, and it was 1.7 kilos," officials of the enterprise told Interfax.