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$20M worth of gold stolen from Pearson airport (Canada) Poli | Commodity: Urea, Coal, En 590, Pellets

$20M worth of gold stolen from Pearson airport (Canada)

Police are currently investigating a heist that took place at Pearson International Airport, the busiest airport in Canada, located just outside of Toronto. Thieves made off with a cargo container containing over C$20 million ($14.8 million) worth of gold and other valuable items, according to Peel Regional Police.

The theft was reported after a plane carrying the cargo landed at Pearson on Monday, as confirmed by the Royal Canadian Mounted Police to Bloomberg. Gold mined in Canada often passes through Pearson, making it a prime target for thieves.

The Toronto Sun initially reported that the heist included 3,600 pounds of gold, which would be worth over $100 million at current prices. The newspaper also suggested that the theft was likely linked to organized crime, citing an unnamed police source. However, a representative for the Peel police force clarified during a news conference that the stolen container held other high-value items in addition to gold, with a total estimated value slightly above C$20 million.

Police are actively investigating the incident, and authorities are working to determine how the thieves were able to access the cargo holding area and carry out such a significant heist. No further details have been released regarding potential suspects or leads in the case.