Officers were called to a report of three people who had entered a home on Whitecap Crescent at around 9:30 a.m. CT and threatened the two people.
Numerous firearms were stolen and the three suspects fled in a cab.
Officers said they were able to locate the vehicle with the help of the taxi company, .
A high-risk traffic stop was made in the 1400-block of 33rd Street West. Officers found eight long-barrelled firearms in the cab.
No injuries were reported.
A 21-year-old woman, a 19-year-old man and a 16-year-old boy are facing 126 charges. They are expected to appear Wednesday in Saskatoon provincial court.