Canada’s metals & mining industry sees a drop of 44.7% in deal activity in December 2019

23 January 2020 (Last Updated January 23rd, 2020 13:23)

Canada’s metals & mining industry sees a drop of 44.7% 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.

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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:

1) Gold Mountains (H.K.) International MiningLimited’s $1.03bn acquisition of Continental Gold

2) The $286.79m asset transaction with Barrick Gold by Teranga Gold

3) Gold Mountains (H.K.) International Mining Limited’s $145.56m acquisition of Ivanhoe Mines

4) The $74m asset transaction with Kinross Gold by Maverix Metals

5) Newcrest Mining’s acquisition of Lundin Gold for $60.39m.

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.