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Canada’s Metals & Mining industry sees a Drop in Deal Activity in December 2019

Canada’s metals & mining industry saw a drop of 44.7% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

 

A total of 21 deals worth $1.72bn were announced in December 2019, compared to the 12-month average of 38 deals.

M&A was the leading category in the month in terms of volume with 15 deals which accounted for 71.4% of all deals.

In second place was private equity with six deals accounting for 28.6% of overall deal activity in the country’s metals & mining industry during the month.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $1.72bn, while private equity deals totalled $4.75m.

Canada metals & mining industry deals in December 2019: Top deals

The top five metals & mining industry deals accounted for 92.9% of the overall value during December 2019.

The combined value of the top five metals & mining deals stood at $1.6bn, against the overall value of $1.72bn recorded for the month.

The top five metals & mining industry deals of December 2019 tracked by GlobalData were:

  • Gold Mountains (H.K.) International MiningLimited’s $1.03bn acquisition of Continental Gold
  • The $286.79m asset transaction with Barrick Gold by Teranga Gold
  • Gold Mountains (H.K.) International Mining Limited’s $145.56m acquisition of Ivanhoe Mines
  • The $74m asset transaction with Kinross Gold by Maverix Metals
  • Newcrest Mining’s acquisition of Lundin Gold for $60.39m.

Source: GlobalData

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