Editorial: Margaret “Peggy” Kent, Peter Munk shared debt regrets – by John Cumming (Northern Miner – August 30, 2018)

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Listen to the three-part podcast series at: http://www.northernminer.com/tag/podcast/

At The Northern Miner, we like to think of ourselves as more than reporters of the latest news and commentaries about Canadian mining and mineral exploration.

As an institution dating back to 1915 and as co-founder of the Canadian Mining Hall of Fame, we also have a unique position in business media as chroniclers of the rich history of the Canadian mining industry and its colourful characters.

In that spirit, we are presenting on our Northern Miner Podcast in August a three-part interview series by senior staff writer Trish Saywell carried out on the sidelines of the Prospectors & Developers Association of Canada convention in Toronto in March 2018 with legendary mining executive Margaret “Peggy” Kent, who let us know “there are a few of us still left around the industry who have seen it all and done it all.”

Kent rose to Canada-wide prominence in the early 1990s as Peggy Witte in her role as CEO of gold miner Royal Oak Mines, which grew to become a major producer, with mines spanning the country.

A downturn in gold and copper prices humbled the debt-laden company, eventually forcing it into a painful receivership in the mid-1990s — but not before the company gained mainstream notoriety for environmental issues and labour problems at its Giant gold mine in Yellowknife, N.W.T., which culminated in a striking miner murdering replacement workers using explosives underground.

Now in her 60s, as she sat down with us to share what wisdom she had gained over the years as a top-level mining professional, Kent readily admits that even today, “some people love me and some people hate me.”

For the rest of this editorial: http://www.northernminer.com/news/editorial-kent-munk-shared-debt-regrets/1003799059/

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