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
November 18, 1997
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 November 18, 1997, the Registrant issued the following press release:
[Royal Oak Mines Inc. Press Release Letterhead]
FOR IMMEDIATE RELEASE FROM KIRKLAND
November 18, 1997
Royal Oak Signs Long-Term Agreement for Sale of Kemess Concentrate
Royal Oak Mines Inc. (TSE and AMEX: RYO) announced today that it has signed a
5-year agreement for the sale of concentrate from the Company's wholly owned
Kemess Mine which is scheduled to commence production in April, 1998. Terms
and conditions of the agreement are confidential but are commercially attractive
in relation to current smelting and refining contracts for copper concentrates.
Royal Oak also announced today that it has received payment of approximately
C$20 million from the government of British Columbia as part of the government's
economic assistance package for the Kemess project. To date, the government has
paid Royal Oak a total of approximately C$130 million out of a total of up to
C$166 million.
For further information contact: or in Europe contact:
Mr. J. Graham Eacott Mr. David Williamson
Vice President, Investor Relations David Williamson Associates Limited
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: November 18, 1997 By: /s/ James H. Wood
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James H. Wood
Chief Financial Officer
