October 30, 2008 / 2:59 PM / in 10 years

Barrick Gold considering Pascua Lama "options"

TORONTO, Oct 30 (Reuters) - Barrick Gold (ABX.TO) is looking at “options” regarding its stalled Pascua Lama gold and silver project in South America, but says at this point it is still on track to move the project forward.

The project, which straddles the Chile-Argentina border high in the Andes, has been held up by a tax dispute between the two countries.

On a conference call to discuss Barrick’s third-quarter earnings, officials said some of the cross-border issues have been solved, but others remain, including a dispute over the taxing of cross-border services. The project contains some 17 million ounces of gold.

Reporting by Cameron French

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