The Businesswoman at the Centre of a Mining Scandal That Rocked the Stock Market | The Walrus
Briefly

In 1964, Viola MacMillan, a leading Canadian businesswoman, capitalized on a mining opportunity after Texas Gulf Sulphur's discovery near Timmins. Acquiring lost claims, she sold them to her own company, Windfall Oils and Mines, initiating drilling that soon sparked rumors of a significant ore find. As the stock opened at $1.01 on July 6, journalist James Scott investigated, linking the stock surge to rumors of discovery. Claude Taylor, a public relations executive, also purchased shares and reached out to MacMillan, illustrating the growing interest in Windfall within Toronto's financial circles.
"Viola MacMillan had long been one of the most successful businesswomen in Canada, and in 1964, seized an opportunity for tremendous profit in mining claims."
"Windfall stock opened at $1.01, and James Scott's inquiry into the company's activities revealed high interest around a potential ore body discovery."
"Claude Taylor quickly seized the chance, purchasing shares in Windfall and directly engaging with Viola MacMillan, hinting at the buzz surrounding the company."
"The intrigue deepened as rumors of Windfall's discoveries intertwined with the interests of various financial players and the burgeoning Toronto stock market."
Read at The Walrus
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