Lacking Silver Bars Convey Mining Neighborhood Collectively

MY SILVER BARS WERE STOLEN.

I might ❤️ to listen to from somebody at @AirCanada as to what occurred to twenty ounces of #silver in my checked-in bag, purchased from @FMSilverCorp at @the_PDAC. It actually was not there after I arrived house.

Whereas I hope this went to somebody that… pic.twitter.com/0zKhQVQHHg

— Arlen Hansen (@ArlenHansen) March 5, 2025

“I do not want a refund, a free improve, or extra factors, this was stolen from the youngsters who want it, not me,” Hansen wrote on X, including, “A fairly easy resolution @AirCanada.”

The silent public sale the silver was for use for is a part of the bigger Pump Couture vogue present, an occasion that goals to cut back the stigma round diabetes, whereas elevating consciousness concerning the 3.8 million Canadians residing with power illness.

Shortly after Hansen’s put up was printed, the mining group started displaying its help.

Sorry to listen to this, Arlen…however hopefully our donations will result in a good larger consequence.

— Brien Lundin (@Brien_Lundin) March 5, 2025

“Sorry to listen to this, Arlen…however hopefully our donations will result in a good larger consequence,” wrote Brien Lundin, editor of Gold E-newsletter and host of the New Orleans Funding Convention.

Silver producer and vendor First Majestic and its mint division First Mint have provided to interchange the misplaced silver, whereas others have donated to Diabetes Canada and supplied encouragement to Hansen.

Arlen Hansen, we’re sorry to listen to this information. We’ll gladly donate the 20 ounces on your meant donation to Diabetes Canada’s silent public sale.

A consultant from our workplace will attain out to coordinate.

— First Majestic (@FMSilverCorp) March 5, 2025

In an e mail to the Investing Information Community, Hansen expressed his gratitude for the outpouring of help.

“There was a beautiful outreach from the mining group, not solely sharing their condolences, however serving to step up with monetary help, taxable donations — and really thankfully, the silver was changed by First Majestic Silver after which additional matched by First Mint LLC. I didn’t ask them, they volunteered, and that to me is an instance of how the great individuals within the mining group have stepped up,” he stated.

Hansen has filed a report with the Ontario Provincial Police (OPP) concerning the misplaced silver bars.

“I’ve reached out to Air Canada customer support twice and have but to listen to again from them. My report was filed with the OPP yesterday, so I’m certain it’s nonetheless being processed and can hear again from them shortly,” he informed INN.

Systemic points

Through the ordeal, Hansen has been knowledgeable that many travellers have had comparable points with Air Canada.

“There have been over 200 responses of help, and plenty of weren’t shocked and shared tales of how they’ve had private objects faraway from their baggage after checking of their baggage with Air Canada and different airways,” he stated.

“The silver was stolen from my bag, and somebody needs to be held accountable for this, as a result of if that is taking place to me, it’s taking place nonetheless and I consider the airways needs to be investigating this significantly.”

This newest incident marks the third time since 2022 that Air Canada has been on the middle of lacking treasured metals studies. Most notable is the April 2023 gold heist that noticed 400 kilograms of gold stolen from an Air Canada cargo terminal at Toronto Pearson Worldwide Airport. The delicate heist was carried out by at the least 9 people and noticed US$20 million value of stolen gold melted and transported world wide.

In mid-2024, Peel Area Police introduced the arrest of 9 individuals along side the flowery theft; nonetheless, solely six pure gold bracelets with an estimated worth of C$90,000 have been recovered.

In late 2023, Brink’s (NYSE:BCO) sued Pearson Worldwide Airport and Air Canada over the theft, alleging negligence in securing the cargo. Air Canada countered, arguing that Brink’s didn’t insure the cargo or disclose its true worth.

Though the C$20 million heist is taken into account the most important in Canadian historical past, it wasn’t the primary time Air Canada was accused of shedding treasured metals. Months earlier than the 2023 gold heist at Pearson Worldwide Airport, one other gold bar disappeared whereas transiting by way of Toronto, based on a lawsuit.

On December 22, 2022, a Swiss treasured metals refinery shipped 65 doré bars value US$15.7 million from Lima, Peru, by way of Toronto to Zurich, Switzerland. Nevertheless, someplace alongside the best way one gold bar disappeared.

In line with the court docket submitting, Brink’s paid a further price for the added safety of the bullion, a designation that was to make sure the cargo didn’t “comingle” with different cargo. The doré bar value over US$270,000 was by no means recovered. It is usually not clear if that earlier incident is expounded to the later C$20 million heist.

Air Canada has stated it’ll “vigorously” defend itself in court docket, however questions concerning the safety of treasured metals shipments utilizing the airline stay.