Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
A northern BC miner has hit the proverbial jackpot.
Steve Murphy, a 52-year-old mine manager at Chieftain Metals, won $16.6 million on the Lotto Max draw last week.
Murphy, from Atlin, BC, a gold-mining town with 300 inhabitants, has already quit his job, The Province newspaper reported: “‘I was supposed to go back to work Monday. Sorry, Terry,’ he said, with a nod to his former boss.”‘
The life-changing news came while Murphy was watching the Superbowl Sunday at the town’s recreation centre.
“I was just finishing my beer and I said [to the man], ‘I think I know what that’s about,'” said [Murphy’s brother in law Shane] Coutts. “The whole town knew in 10 minutes . . . by the time I got home, they were already into my champagne,” reported The Province.
Comments
Tyoto
I hope he invests in cheiftain!