The Financial Post reports in its Wednesday edition Barrick Gold's sale of $3-billion in debt is expected to provide enough financing to complete its planned capital spending for the next two years, including the Pascua Lama project (all figures U.S.). The Post's Jonathan Ratner, writing in Trading Desk, says RBC Capital Markets analyst Stephen Walker estimates Barrick can meet its debt obligations and complete its current development plans even if gold falls as low as $1,200 an ounce. While the additional liquidity and management's focus on costs are positive developments, Mr. Walker believes the completion of Pascua Lama in Chile is key to Barrick's future. RBC expects the company will continue with the roughly $3.7-billion in planned capital spending before the mine is set to be commissioned in the second half of 2014. Barrick's management suggested the possibility of suspending the project, but it has taken several steps to manage its cash position. He thinks selling Barrick Energy and its 50-per-cent stake in the Kabanga nickel project in Tanzania as the most likely near-term divestitures. He estimates Barrick could get about $650-million for Barrick Energy and about $200-million for Kabanga.