Police in Canada have apprehended a suspect in connection with a high-profile gold theft that occurred in late 2023, with the arrest taking place near the location of the original heist. The individual is believed to be involved in the theft of 18 gold bars valued at approximately CAD 14.2 million.
- 18 gold bars stolen in November 2023 from a Mississauga facility
- Total value: CAD 14.2 million
- Total weight: 225 kilograms
- Suspect arrested within 2 km of crime scene in January 2026
- Facility breach involved false credentials and security protocol bypass
- Recovery efforts ongoing; no recovered bars confirmed
Canadian law enforcement executed a targeted arrest in January 2026 in the Greater Toronto Area, linking the suspect directly to a brazen gold heist that took place in November 2023. The theft occurred at a secure logistics facility located in Mississauga, Ontario, where 18 gold bars—each weighing 12.5 kilograms—were stolen during a breach of a high-security vault. Authorities confirmed the suspect was apprehended within a 2-kilometer radius of the crime scene, raising questions about the nature of the operation and insider knowledge. The stolen gold bars, originally sourced from the Royal Canadian Mint and destined for international markets, were valued at CAD 14.2 million at the time of the heist. The total weight of the stolen gold amounted to 225 kilograms. Initial investigations suggest the theft was carried out by a small, coordinated group, possibly with prior access to the facility’s security protocols. Surveillance footage recovered from the site showed a single individual entering the secure zone under false credentials, a detail that helped law enforcement trace the suspect. The arrest has prompted a reassessment of security measures at high-value asset storage facilities across Canada. Financial institutions and logistics firms handling precious metals are now reviewing access controls and surveillance systems following the incident. The Royal Canadian Mint confirmed that all bars involved in the heist were insured, and recovery efforts are ongoing, with no indication yet of recovered materials. The suspect is expected to face multiple charges, including theft, breach of security protocols, and possession of stolen property. Market analysts note that while the theft did not trigger a major shift in gold pricing, it has heightened scrutiny over supply chain vulnerabilities. The incident is being studied as a case study in operational risk, particularly for firms engaged in cross-border precious metals transport. Regulators are considering new guidelines to standardize security practices across the sector.