Canada’s metals & mining industry sees a drop of 25% in deal activity in July 2019

21 August 2019 (Last Updated August 21st, 2019 14:35)

Canada’s metals & mining industry sees a drop of 25% in deal activity in July 2019

Canada’s metals & mining industry saw a drop of 25% in overall deal activity during July 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 30 deals worth $66.14m were announced in July 2019, compared to the 12-month average of 40 deals.

M&A was the leading category in the month in terms of volume with 25 deals which accounted for 83.3% of all deals.

In second place was private equity with four deals, followed by venture financing with one transactions, respectively accounting for 13.3% and 3.3% 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 $53.49m, while private equity and venture financing deals totalled $8.25m and $4.4m, respectively.

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

The top five metals & mining industry deals accounted for 64.3% of the overall value during July 2019.

The combined value of the top five metals & mining deals stood at $42.5m, against the overall value of $66.14m recorded for the month.

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

1) Canadian Metals’ $15.29m acquisition of FeTiV Minerals

2) The $9.15m acquisition of Chalice Gold Mines (Quebec) by Chantrell Ventures

3) Benton Resources’ $6.86m acquisition of Panoramic PGM (Canada)

4) The $6.68m acquisition of Aethon Minerals by AbraPlata Resource

5) Atico Mining’s acquisition of Toachi Mining for $4.51m.

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.