Canada’s metals & mining industry sees a rise of 76.3% in deal activity in June 2020

21 July 2020 (Last Updated July 21st, 2020 16:31)

Canada’s metals & mining industry sees a rise of 76.3% in deal activity in June 2020

Canada’s metals & mining industry saw a rise of 76.3% in overall deal activity during June 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 67 deals worth $498.05m were announced in June 2020, compared to the 12-month average of 38 deals.

M&A was the leading category in the month in terms of volume with 66 deals which accounted for 98.5% of all deals.

In second place was private equity with one deal and accounting for 1.5% 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 $484.05m, followed by private equity deals totalled $14m.

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

The top five metals & mining industry deals accounted for 91.1% of the overall value during June 2020.

The combined value of the top five metals & mining deals stood at $453.82m, against the overall value of $498.05m recorded for the month.

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

1) Zijin Mining Group’s $238.74m acquisition of Guyana Goldfields

2) The $141.79m asset transaction with New Gold by BW Gold

3) Treasury Metals’ $32.72m acquisition of Tamaka Gold

4) The $23.78m merger of Evrim Resources and Renaissance Gold by

5) First Majestic Silver’s asset transaction with Gold Canyon Resources for $16.79m.

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.