Barrick Said to Work With Credit Suisse to Sell Two Gold Mines

Barrick Gold Corp., the biggest producer of the precious metal by sales, is working with Credit Suisse Group AG on the possible sale of gold mines in Australia and Papua New Guinea, people with knowledge of the matter said.

The Toronto-based company plans to send preliminary information on the Cowal and Porgera mines to potential buyers by the end of the month, one of the people said, asking not to be identified as the details are private. Barrick could raise as much as $1.1 billion from selling the assets, TD Securities said earlier this month.