The Globe and Mail reports in its Tuesday edition Barrick faces plunging bullion prices and political risk from the suspension of work on its Pascua-Lama mine in Chile. The Globe's Martin Mittelstaedt writes, however, the world's biggest gold miner has another headache: A key debt analyst is advising investors to take a pass on the company's bonds. Carol Levenson at Gimme Credit LLC in New York is panning Barrick's debt, expecting the spread between its yield and supersafe U.S. government Treasury securities to widen further. Bond yields move in the opposite direction to prices of the securities, so the trend she expects means Barrick bond prices would weaken relative to Treasuries. "It's hard to say where I would see Barrick bonds as attractive, given the negative trends and the high degree of uncertainty at this point regarding Pascua-Lama and other projects," she said by e-mail. She also said the gold miner is likely to have significant new issuance of debt because of its negative free cash flow, a development that could cause bond spreads to widen. It was the second blow to Barrick's bonds in recent days, after Moody's downgraded the bonds to two notches above junk with a negative outlook.