SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
July 24, 1998
ROYAL OAK MINES INC.
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(Exact name of registrant as specified in its charter)
Commission File Number 1-4350
ONTARIO, CANADA 98-0160821
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(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) No.)
c/o Royal Oak Mines (USA) Inc.
5501 Lakeview Drive
Kirkland, Washington
U.S.A. 98033
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(Address of principal executive offices) (Postal/Zip Code)
(425) 822-8992
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Registrant's telephone number, including
area code
Item 5. Other Events
On July 24, 1998, the Registrant issued the following press
release:
[Royal Oak Mines Inc. Press Release Letterhead]
FOR IMMEDIATE RELEASE FROM KIRKLAND
July 24, 1998
Royal Oak's Kemess Concentrates
Meet Specifications for Pre-Payment
Royal Oak Mines Inc. (TSE and AMEX: RYO) announced today that
concentrates from its newly-opened Kemess Mine are meeting all
the assay specifications set out in the Company's concentrate
purchase agreement and the concentrates being shipped from the
mine site meet the moisture content necessary for transporting
safely on ocean-going vessels. As a result of meeting
specifications, the Company has received the US$5 million pre-pay
from Glencore Ltd. and Glencore has commenced purchasing
concentrates on a regular basis. Concentrates are being shipped
from the site via rail to Vancouver Wharves where they will be
loaded on ocean-going vessels for delivery to various smelters.
Start-up at the Kemess Mine has progressed well and the Company
has achieved many days with through-put over design capacity of
53,000 tons per day.
For further information, contact: or in Europe contact:
Mr. J. Graham Eacott Mr. David Williamson
Vice-President, Investor Relations David Williamson Associates
Royal Oak Mines International Investor Relations
5501 Lakeview Drive 15 St. Helen's Place, 3rd Floor
Kirkland, WA 98033-7314 London, England EC3A 6DE
Telephone:(425) 822-8992 Telephone: 011-44-171-628-3989
Facsimile:(425) 822-3552 Facsimile: 011-44-171-920-0563
Internet site: http//www.royal-oak-mines.com
SIGNATURE
Pursuant to the requirements of Section 12 of the Securities
Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly
authorized.
ROYAL OAK MINES INC.
Date: July 24, 1998 By: /s/ James H. Wood
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James H. Wood
Chief Financial Officer