Continued weakness in the price of gold has led Washington state-based Royal Oak Mines (RYO-T) to revalue its assets at a gold price of US$300 per oz. and take an $86.4-million writedown on its mining…
Royal Oak Mines (RYO-T) plans to take a pretax, US$81-million writedown as a result of lacklustre gold prices and restrictions on its ability to hedge gold production.Using a gold price of US$300 per …
Mining analyst Roger Chaplin of T. Hoare & Co. describes the 1997 results of Royal Oak Mines (RYO-T) as “disastrous” and sees little upside for the beleagured gold producer.Chaplin is not encouraged t…
With only $63,000 in cash at the end of the first quarter and a working capital deficit of $105 million, Royal Oak Mines (RYO-T) has finally reached agreement with the majority of its subordinated bon…
The state of British Columbia’s mineral exploration industry has yet to show signs of recovery.According to the British Columbia Geological Survey, exploration expenditures in the province declined by…
Royal Oak Mines (RYO-T) has obtained US$120 million to help finance the completion of the Kemess gold-copper mine in north-central British Columbia.Toronto-based Trilon Financial came to the rescue, a…
The Toronto Stock Exchange 300 composite index ended the report period of Mar. 18-24 at a record high of 7,551.23, up 110.86 points, or 1.5%, over its March 17 showing.The Canadian dollar fell 13 basi…
A group of institutions have committed to purchase US$45 million of secured notes from Royal Oak Mines (RYO-T), conditional to satisfactory documentation and completion of due diligence.The funds are …
At first glance, the Toodoggone camp of northern British Columbia does not appear to have much in common with the North Lampung district at the southern end of the Indonesian island of Sumatra.However…
A formal agreement between British Columbia and Royal Oak Mines (RYO-T) will pave the way for development of a copper-gold mine in the province’s north-Central region.The company had been at odds with…
Toronto-listed Royal Oak Mines expects its annual gold-equivalent production to escalate to 1.2 million oz. by 2001, up from 371,000 oz. in 1995.The dramatic increase reflects the proposed Kemess gold…
The British Columbia government and Geddes Resources (TSE) have resurrected a compensation agreement for the 1993 expropriation of the Windy Craggy copper deposit in the northwestern corner of the pro…