Toronto — Barrick Gold, the world’s second-largest gold miner, believes its proposed offer to take full control of its African unit is “more than fair” and will engage with Acacia Mining’s board and minority shareholders to win them over, CEO Mark Bristow said on Tuesday.

Acacia agreed on Tuesday to extend to July 9 the deadline for Toronto-based Barrick to make a firm offer to acquire the 36.1% of the company it does not already own.

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