Windfall: Viola MacMillan and Her Notorious Mining Scandal by Falconer, Tim
Windfall: Viola MacMillan and Her Notorious Mining Scandal by Falconer, Tim

Windfall: Viola MacMillan and Her Notorious Mining Scandal

The fascinating, scandalous, and true story of Viola MacMillan and the Windfall mining scandal Viola MacMillan had...
$51.63 AUD
$51.63 AUD
SKU: 9781770419957
Product Type: Books
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Author: Tim Falconer
Format: Paperback
Language: English
Subtotal: $51.63
Windfall: Viola MacMillan and Her Notorious Mining Scandal by Falconer, Tim

Windfall: Viola MacMillan and Her Notorious Mining Scandal

$51.63
Windfall: Viola MacMillan and Her Notorious Mining Scandal by Falconer, Tim

Windfall: Viola MacMillan and Her Notorious Mining Scandal

$51.63
Author: Tim Falconer
Format: Paperback
Language: English
Description
The fascinating, scandalous, and true story of Viola MacMillan and the Windfall mining scandal

Viola MacMillan had it all: success, money, and respect. Influence, even. But in 1964, after three decades in the mining industry, one of the most fascinating women in Canadian business history was the central character in one of the country's most famous stock scandals.

MacMillan, who started out as a prospector in the '30s, had developed lucrative mines and put together big deals. But she still wanted "a major discovery." Early in July 1964, shares in Windfall Oil and Mines, a company she and her husband controlled, traded for around 56 cents. Then one day, the stock took off. In the absence of any information from the company about what it had found near Timmins on its claims, rumors and greed pushed the share price to a high of $5.70. MacMillan stayed quiet. Finally, after three weeks, Windfall admitted it had nothing.

So many small investors lost money when the stock crashed that the Ontario government appointed a royal commission to examine what had happened, which led to changes at the Ontario Securities Commission and the Toronto Stock Exchange. Although MacMillan spent a few weeks in prison, she later received a pardon and the Order of Canada.

Author: Tim Falconer
Publisher: ECW Press
Published: 02/18/2025
Pages: 296
Binding Type: Paperback
Weight: 0.94lbs
Size: 8.88h x 6.14w x 0.75d
ISBN: 9781770419957

About the Author
Tim Falconer's last two books -- Bad Singer: The Surprising Science of Tone Deafness and How We Hear Music and Klondikers: Dawson City's Stanley Cup Challenge and How a Nation Fell in Love with Hockey -- made the Globe and Mail's top 100. He lives in Toronto, ON.
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