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  1. Deals Analysis
July 16, 2019

Canada’s metals & mining industry sees a drop of 27.5% in deal activity in June 2019

Canada’s metals & mining industry saw a drop of 27.5% in overall deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 29 deals worth $696.95m were announced in June 2019, compared to the 12-month average of 40 deals.

M&A was the leading category in the month in terms of volume with 21 deals which accounted for 72.4% of all deals.

In second place was private equity with six deals, followed by venture financing with two transactions, respectively accounting for 20.7% and 6.9% of overall deal activity in the country’s metals & mining industry during the month.

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In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $409.08m, while private equity and venture financing deals totalled $150.08m and $137.78m, respectively.

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

The top five metals & mining industry deals accounted for 84.9% of the overall value during June 2019.

The combined value of the top five metals & mining industry deals stood at $591.6m, against the overall value of $696.95m recorded for the month. The top announced Canada metals & mining industry deal tracked by GlobalData in June 2019 was Pala Investments’ $373.59m private equity deal with Cobalt 27 Capital.

In second place was the $150m venture financing of DeepGreen Resources by Allseas Group and in third place was Eric Steven Sprott and Tocqueville Asset Management’s $25m private equity deal with Jaguar Mining.

The $22m acquisition of ECU Silver Mining by Compania Minera Autlan SAB de CV and Sailfish Royalty’s acquisition of Terraco Gold for $21.02m held fourth and fifth positions, respectively.

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.

 

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