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
August 18, 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 August 18, 1998, the Registrant issued the following
press release:
[Royal Oak Mines Inc. Press Release Letterhead]
FOR IMMEDIATE RELEASE FROM KIRKLAND, WA.
August 17, 1998
Royal Oak's Kemess Mine Achieves Design Criteria for Processing
Hypogene Ore
Royal Oak Mines Inc. (TSE and AMEX: RYO) announced today that its
new Kemess gold-copper mine has met all design criteria for
processing hypogene ore since the commencement of production on
May 19, 1998. During the period to date, the mill has processed
approximately 2.5 million tons of ore at an estimated head grade
of 0.211% copper and 0.016 ounces of gold per ton. Milling rates
of between 50,000 and 60,000 tons per day are being consistently
achieved. After making modifications to the flotation circuit,
copper and gold recoveries of 80% and 75%, respectively, are now
being achieved. These recoveries compare with the estimated
recoveries for 1998 of 78% copper and 71% gold. The concentrator
has produced approximately 11,500 tons of concentrate containing
between 25% and 26% copper and between 1.3 and 1.7 ounces of gold
per ton during the period.
The Company plans to commence processing softer supergene ore at
the end of this week after completing the current campaign on
hypogene ore. The supergene commissioning period is expected to
be completed by the end of September when commercial production
is expected to commence.
The Company knows of no impending news or other market factors to
explain the weakness in the price of its common shares.
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: August 18, 1998 By: /s/ James H. Wood
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James H. Wood
Chief Financial Officer