Canyon hires adviser

Bankers Trust will evaluate alternative financing structures for Canyon. These will include equity financing, debt financing and third- party involvement by other mining companies, Canyon says.

Upon completion of the purchase, Canyon’s gold reserves would increase from 450,000 oz to 1.6 million oz. Annual gold production is expected to increase from 13,000 oz in 1989 to more than 150,000 oz by 1992 or 1993.

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