Acacia's North Mara mine has received two notices in July, halting it from exporting gold shipments or using its tailings storage facility. Courtesy of Acacia Mining.

After weeks of negotiations and delays, Barrick Gold and Acacia Mining announced on Friday that both companies have agreed to the terms of a new buyout offer for Barrick to gain control of the Acacia shares it does not currently own.

With this new offer, Acacia shareholders will receive 0.168 shares of Barrick on a share-for-share exchange, implying a value of 232 pence per Acacia share. With these new terms, Barrick will pay US$428 million for the over 410 million remaining Acacia shares, for a total company value of US$1.19 billion.