Canada’s metals & mining industry sees a drop of 10.5% in deal activity in December 2020

18 January 2021 (Last Updated January 18th, 2021 16:53)

Canada’s metals & mining industry sees a drop of 10.5% in deal activity in December 2020

Canada’s metals & mining industry saw a drop of 10.5% in overall deal activity during December 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 51 deals worth $2.15bn were announced in December 2020, compared to the 12-month average of 57 deals.

M&A was the leading category in the month in terms of volume with 50 deals which accounted for 98.04% of all deals.

In second place was venture financing with one deal accounting for 2% 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 $2.15bn, while venture financing deals totalled $1.96m.

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

The top five metals & mining industry deals accounted for 95.4% of the overall value during December 2020.

The combined value of the top five metals & mining deals stood at $2.05bn, against the overall value of $2.15bn recorded for the month.

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

1) WSP Global’s $1.14bn acquisition of Golder Associates

2) The $549.45m acquisition of Premier Gold Mines by Equinox Gold

3) Orion Mine Finance’s $225m acquisition of Greenstone Gold Mines GP

4) The $100m asset transaction with Pretivm Exploration by KSM Mining

5) Chesapeake Gold’s acquisition of Alderley Gold for $35.62m.

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.

 

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.