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Estimated at $14.8 million.. 1.6 tons of gold were stolen at Toronto Canadian Airport

April 21, 2023

In one of the largest thefts in Canadian history, Canadian police announced that they are investigating a massive gold theft estimated at more than 20 million Canadian dollars ($14.8 million) at Toronto Pearson International Airport last Monday.

The police revealed that the gold pieces and valuables arrived Monday evening by air at the airport and were then placed in a logistics warehouse, until their disappearance was noticed later. Regional Police Inspector Stephen Duifstein said in press statements that a container was stolen after it was unloaded from a plane at a cargo facility, according to Al Jazeera.

He explained that the container containing these valuable pieces was stolen using illegal means inside the storage site. The police official did not give any explanations about the method of theft or whether there were suspects in the case, and no arrests were made.

The police inspector pointed out that the investigators are looking into all hypotheses, describing what happened as an isolated incident. "very rare"He pointed out that this did not affect air traffic at all.

newspaper reported "Toronto Sun" According to local sources, the theft included more than 1.6 tons of gold. It is noteworthy that gold extracted from the country is often kept at Pearson Airport before being flown abroad. Almost half of Canadian air freight passes through this airport.

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Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

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