FMC Gold may go on the market

New York-listed FMC Gold has recruited investment banker Wood Gundy to act as its financial adviser for the possible sale of the company.

The company, which is 80%-owned by FMC (NYSE), has as its primary asset the Beartrack mine in central Idaho, as well as a 30% interest in the Jerritt Canyon mine in northern Nevada. The former poured its first gold in August.

FMC Gold also controls the Rossi project in Nevada’s Carlin Trend and exploration prospects in Chile.

Several companies have expressed interest in acquiring FMC Gold and are in the process of due diligence evaluations. An announcement is not expected until January, 1996.