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  1. Deals Analysis
September 25, 2020

Canada’s metals & mining industry sees a rise of 64.4% in deal activity in August 2020

Canada’s metals & mining industry saw a rise of 64.4% in overall deal activity during August 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 74 deals worth $246.62m were announced in August 2020, compared to the 12-month average of 45 deals.

M&A was the leading category in the month in terms of volume with 71 deals which accounted for 96% of all deals.

In second place was private equity with three deals, accounting for 4.05% of overall deal activity in the country’s metals & mining industry during the month.

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In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $238.64m, while private equity deals totalled $7.98m.

Canada metals & mining industry deals in August 2020: Top deals

The top five metals & mining industry deals accounted for 72.8% of the overall value during August 2020.

The combined value of the top five metals & mining deals stood at $179.53m, against the overall value of $246.62m recorded for the month.

The top five metals & mining industry deals of August 2020 tracked by GlobalData were:

1) Newmont’s $75m asset transaction with Kirkland Lake Gold

2) The $45.8m acquisition of Coral Gold Resources by Guerrero Ventures

3) Treasury Metals’ $32.81m asset transaction with First Mining Gold

4) The $15.88m acquisition of Fura Gems by Lord of Seven Hills Holdings

5) Margaret Lake Diamonds’ asset transaction with 1240089 B.C. and 1258713 B.C. for $10.05m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.


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