Canada’s metals & mining industry saw a rise of 85.4% in overall deal activity during July 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 76 deals worth $292.85m were announced in July 2020, compared to the 12-month average of 41 deals.

M&A was the leading category in the month in terms of volume with 69 deals which accounted for 90.8% of all deals.

In second place was private equity with five deals, followed by venture financing with two transactions, respectively accounting for 6.6% and 2.6% 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 $252.27m, while private equity and venture financing deals totalled $40.15m and $0.43m, respectively.

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

The top five metals & mining industry deals accounted for 86.6% of the overall value during July 2020.

The combined value of the top five metals & mining deals stood at $253.64m, against the overall value of $292.85m recorded for the month.

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

1) Auryn Resources’ $112.92m acquisition of Eastmain Resources

2) The $45.17m acquisition of MAS Gold by Southern Empire Resources

3) Atlantic Mining NS’s $44.71m acquisition of Moose River Resources

4) The $35.62m private equity deal with Karora Resources by Waterton Global Resource Management

5) Aftermath Silver’s asset transaction with SSR Mining for $15.23m.

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.