October 30, 2013 / 7:30 PM / in 4 years

Barrick has looked at options to raise cash -Bloomberg

TORONTO, Oct 30 (Reuters) - Barrick Gold Corp has considered selling part of its copper business or taking a strategic equity investment to reduce its debt, Bloomberg reported on Wednesday, citing “people with knowledge of the matter.”

Bloomberg said Barrick has not settled on a strategy, and “there’s no certainty a deal will occur.” It said the company has also looked at selling part of its huge Pascua-Lama project, located on the border between Chile and Argentina.

The world’s top gold producer is expected to raise Pascua-Lama’s estimated capital cost on Thursday when it reports results for the third quarter.

Barrick could not immediately be reached for comment.

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