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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 20, 1995
FMC GOLD COMPANY
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(Exact name of registrant as specified in its charter)
Delaware 1-9569 88-0226676
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
5011 Meadowood Way, Reno, Nevada 89502
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(Address of principal executive offices) (Zip Code)
(702) 827-3777
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Registrant's telephone number,
including area code
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PAGE 2
Item 5. Other Events
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On January 20, 1995, FMC Gold Company issued the following release:
FMC GOLD SUBSIDIARY FILES MOTION TO STAY INJUNCTION THAT AFFECTS BEARTRACK MINE
CHICAGO, Jan. 20, 1995 -- FMC Gold Company today announced that its subsidiary,
Meridian Gold Company, has filed a motion to stay a preliminary injunction as
it applies to Meridian's Beartrack mining property within the Salmon National
Forest in Idaho. The injunction was issued by the U.S. District Court in Idaho
on Jan. 12, 1995, and calls for a halt to all grazing, logging, mining and road-
building activities in Idaho national forests.
The company expects the Court to provide a response on Monday, Jan. 23,
Meanwhile, FMC Gold and Meridian are cooperating with the U.S. Forest Service.
The injunction was issued in response to a complaint filed by two
conservation organizations, the Pacific Rivers Council and The Wilderness
Society, to protect the endangered species of salmon. As part of the order, the
Court also instructed the U.S. Forest Service to reinitiate formal consultation
with the National Marine Fisheries Service on all the national forest plans in
Idaho. In the same order, the Court invited projects such as Beartrack,
identified as "not likely to adversely affect" salmon, to come forward to
determine if they may proceed pending completion of agency consultations on the
overall forest plans.
In May 1994, FMC Gold announced it would invest $57 million to develop the
Beartrack gold deposit, which contains approximately one million ounces of
proven and probable gold reserves. The decision followed a two-and-a-half-year
environmental impact and permitting process and the receipt of a biological
opinion by the National Marine Fisheries Service.
-more-
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Page 3/FMC GOLD SUBSIDIARY FILES MOTION TO STAY INJUNCTION
The biological opinion issued by the National Marine Fisheries Service on
March 31, 1994, states that development of the Beartrack property "is not likely
to adversely affect the continued existence of threatened Snake River
spring/summer Chinook salmon or result in the destruction or adverse
modification of critical habitat of listed Snake River salmon."
According to FMC Gold President and Chief Operating Officer Brian J.
Kennedy, "The project has been designed in a safe and environmentally conscious
manner and has met every test imposed by a myriad of both state and federal
agencies throughout the prolonged permitting process.
"The process involved extensive environmental analysis of the project's
potential effects, including a review of the impact on fish and fish habitats
based on water quality and habitat degradation issues," he said. "Based on the
permitting process, the company incorporated extensive environmental protection
measures into the project, and addressed all concerns raised during public
testimony or in written comments. We also believe all technical conclusions were
derived from fully documented, valid scientific data by competent scientists."
Initial plans called for the Beartrack mine to be operating by mid-1995.
Today, the Beartrack project has 380 people working on site to construct and
operate the mine. When the mine is operational, if will employ a full-time work
force of 140 during the estimated seven-year life of the mine.
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Page 4
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FMC GOLD COMPANY
Registrant
Date: January 20, 1995 By: Robert L. Day
Title: Secretary
