Canada’s metals & mining industry sees a rise of 19.4% in deal activity in February 2020

20 March 2020 (Last Updated March 20th, 2020 14:39)

Canada’s metals & mining industry sees a rise of 19.4% in deal activity in February 2020

Canada’s metals & mining industry saw a rise of 19.4% in overall deal activity during February 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 43 deals worth $430.73m were announced in February 2020, compared to the 12-month average of 36 deals.

M&A was the leading category in the month in terms of volume with 40 deals which accounted for 93.02% of all deals.

In second place was private equity with two deals, followed by venture financing with one transactions, respectively accounting for 4.7% and 2.3% 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 $309.99m, while private equity and venture financing deals totalled $120.59m and $0.15m, respectively.

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

The top five metals & mining industry deals accounted for 92.3% of the overall value during February 2020.

The combined value of the top five metals & mining deals stood at $397.35m, against the overall value of $430.73m recorded for the month.

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

1) Ontario Teachers’ Pension Plan’s $300m private equity deal with New Gold

2) The $49.13m asset transaction with Yamana Gold by Guerrero Ventures

3) Tunghsu Group’s $23m acquisition of The Kami MinePartnership

4) The $15.13m acquisition of Otis Gold by Excellon Resources

5) Alexco Environmental Group- Management Team’s acquisition of Alexco Environmental Group for $10.09m.

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.